Rural Economic Development Loan and Grant
- Posted
- August 26, 2024
- Closed
- June 30, 2025
- Expected awards
- 40
- Cost sharing
- Yes
- Instrument
- Other
- Assistance listing
- 10.854
- Category
- Agriculture, Business and Commerce, Community Development, Education, Health, Regional Development
- Archives
- July 30, 2025
Program funding history
Awards made under Assistance Listing 10.854 across FY2025–FY2027, from public federal spending records.
- FY2025 obligated
- $9M
- FY2026 obligated
- $6.9M
- FY2027 (to date) obligated
- $0
- Awards in window
- 58
Top recipients: Blue Ridge Electric Membership Corporation, Four County Electric Membership Corporation, San Carlos Apache Telecommunications Utility, Inc., Randolph Electric Membership Corporation, Tri-county Electric Membership Corp
Source: USAspending.gov · refreshed October 2026 · Program page: awards, recipients and the opportunities under this listing →
Synopsis
Agency Name: Rural Business-Cooperative Service
Description:
The Rural Economic Development Loan and Grant programs provide funding for rural projects through local utility
organizations. USDA provides zero-interest loans to local utilities which they in turn, pass through to local businesses
(ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay the
lending utility directly. The utility then is responsible for repayment to USDA.
USDA provides grants to local utility organizations which use the funding to establish Revolving Loan Funds (RLFs). Loans
are made from the revolving loan funds to projects that will create or retain rural jobs. When the revolving loan fund is
terminated, the grant is repaid to USDA.
The Agency anticipates the following maximum amounts per award: Loans - $2,000,000; Grants - $300,000.
Who can apply
- Others (see text field entitled "Additional Information on Eligibility" for clarification)
To receive funding (which will be forwarded to selected eligible projects), an entity must be: A former Rural Utilities Service borrower who borrowered, repaid or pre-paid an insured, direct or guaranteed loan. Nonprofit utilities that are eligible to receive assistance from the Rural Development Electric or Telecommunication Programs. Current Rural Development Electric or Telecommunication Programs borrowers.
The official record
Grants.gov published the official terms and dates of this opportunity; this page keeps them as they were listed.
View on Grants.gov Full announcement
New to federal funding? How to read an announcement · Who can apply · How grants work
Tell me when this program posts again
This round has closed. One email the morning after this program is posted again under a new number (we watch for about two years), and one more about a week before that round closes (the next morning, if it is already closer than that). That is all this sends — it is not a newsletter signup.
Get grants like this every Tuesday — free
One email a week: the biggest new federal grants and what’s closing soon — the same list for everyone. Unsubscribe any time.
Similar grants
- MPPEP Phase 3 Invasive Wild-Caught Catfish
- Agriculture Innovation Center Grant Program
- Renewable Energy Systems and Energy Efficiency Improvements Program
- Renewable Energy Systems and Energy Efficiency Improvements Program
- Rural Residency Planning and Development Program
- Rural Health Network Development Program
Same-day alerts, matched to you
The free digest is weekly — the same list for everyone. Members get every open federal grant scored to their organization — and an alert the day a real match posts: we read every new posting the day it opens. Free for 30 days, then $29/mo. Card required, cancel any time before day 31.
Not ready for a subscription? A one-time Fit Report — $29 — scores every open federal grant to your organization once, by email within one business day.
See pricing