WASHINGTON, June 7, 2011 – Agriculture Secretary Tom Vilsack today announced
that USDA is accepting applications for grants to help rural businesses create
jobs through cooperative development centers.
“Cooperative
development centers are business and job incubators.
They support President Obama’s goal to bring increased
economic opportunities to rural communities by assisting
new businesses as they create sustainable jobs,” Vilsack
said. “The Obama Administration is helping create
economic opportunities for rural Americans, and these
centers further that effort.”
For
example, in Great Falls, Mont., the Montana Cooperative
Development Center has helped 123 entities and guided
the formation of 37 cooperatives since its inception in
1999. The story of one of these cooperatives, the Last
Chance Café, was profiled in a
USDA blog
in October 2010 during National Cooperative Month. The
café located in Sunburst, Mt., near the Canadian border,
would have closed without help from the development
center which was the recipient of a USDA Rural
Development Rural Cooperative Development Grant (RCDG).
This iconic café is once again a successful local diner
and a gathering spot for the local community.
Under
the RCDG program, grants of up to $225,000 may be
awarded to colleges, universities and non-profit groups
to create and operate centers that help individuals or
groups establish, expand or operate rural businesses,
especially cooperatives. Grants may be used to conduct
feasibility studies, create and implement business
plans, and help businesses develop new markets for their
products and services.
Through
this notice, USDA may award up to $7.4 million in
grants. Funds may finance up to 75 percent of the cost
of establishing and operating the cooperative centers.
Recipients must match 25 percent of the total project
cost. Applications are due July 22, 2011. For more
information, see page 32943 of the June 7 Federal
Register,
http://www.gpo.gov/fdsys/pkg/FR-2011-06-07/pdf/2011-13927.pdf.
USDA,
through its Rural Development mission area, administers
and manages housing, business and community
infrastructure and facility programs through a national
network of state and local offices. These programs are
designed to improve the economic stability of rural
communities, businesses, residents, farmers and ranchers
and improve the quality of life in rural America. Rural
Development has an existing portfolio of more than $150
billion in loans and loan guarantees. Visit
http://www.rurdev.usda.gov
for additional information about the agency's programs
or to locate the USDA Rural Development office nearest
you.
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