Rural Business Opportunity Grants

 
Purpose
The purpose is to promote sustainable economic development in rural communities with exceptional needs. This is accomplished by making grants to pay costs of providing economic planning for rural communities, technical assistance for rural businesses, or training for rural entrepreneurs or economic development officials.

Eligibility
To be eligible for a Rural Business Opportunity Grant (RBOG) applicants must be a public body, nonprofit corporation, Indian tribe, or cooperative with members that are primarily rural residents. You must have significant expertise in the activities you propose to carry out with the grant funds and financial strength to ensure you can accomplish the objectives of the proposed grant. You must be able to show that the funding will result in economic development of a rural area (which is defined as any area other than a city or town that has a population of greater than 50,000 inhabitants and the urbanized area contiguous and adjacent to such a cities or towns). Your project must include a basis for determining the success or failure of the project and assessing its impact.

Limitations
Grant funds may not be used for:
  • Duplication of current services or replace or substitute support previous provided.
  • Pay costs of preparation of application.
  • Costs incurred prior to effective date of the grant.
  • Fund political activities.
  • Acquisition of real estate, building construction or development.
Selection Process
Projects eligible for RBOG funding compete based on certain grant selection criteria. Priority points are awarded to those projects that best meet these criteria and are ranked from the highest to the lowest scoring. The criteria includes the sustainability and quality of the economic activity expected; the amount of leveraging of other funds; economic conditions in the service area, and the project's usefulness as a new best practice. Applications are funded up to the maximum dollars that are available in any given
 
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