USDA Extends Rural Business Enterprise Grant DeadlinePosted on May 30, 2012 in Community News
Rural Business Enterprise Grant (RBEG) grants are available to eligible public bodies and private non-profit corporations to finance and facilitate development of small and emerging private business enterprises located in any area under 50,000 in population (all of Hawaii, American Samoa, Guam, CNMI except downtown Honolulu).
RBEG funds may be used to acquire and develop land and construct buildings, plants, equipment, access streets and roads, parking areas, utility and service extensions. Funds may also be used for technical assistance, loans to businesses for startup operating costs and working capital, providing financial assistance to a third party through a revolving loan fund and other projects to support small and emerging businesses. Funds may not be used for comprehensive area-wide planning, pass-through of grant funds to a private business or financing of agriculture production.
While grant funds are to benefit a small and emerging private business, the grant must be made to a non-profit or public body who in turn will administer the grant to a small, emerging private business. The non-profit or public body (applicant) must not be related in any way to the business to be assisted.
For fiscal year 2012, Hawaii/American Samoa’s allocation is $123,000, and the Western Pacific’s allocation is $50,000. Additional funding may be available from the National Reserve pool based on the competitiveness of grant applications.
For more information about the RBEG program, visit USDA Rural Development’s website at http://www.rurdev.usda.gov/rbs/busp/rbeg.htm Applications must be received by (the new deadline) June 12, 2012. For more information or to obtain an application, please contact one of the following RD staff:
Kauai and Oahu
(808) 483-8600, ext. 118
East Hawaii and Maui County
Guam or CNMI