Grant applications sought to develop rural cooperatives

USDA Rural Development Texas State Director Paco Valentin has announced that grant applications are being accepted from qualified non-profit organizations and institutions of higher learning to help rural cooperatives develop new markets for their products and services.

 

“USDA Rural Development’s mission is to provide assistance that will increase the economic conditions of rural communities,” said Mr. Valentin. “These funds will promote start up, expansion and operational improvements as cooperatives work to grow and strengthen their businesses and provide sustainable, well-paying jobs to rural residents.”

 

USDA is offering Rural Cooperative Development Grants (RCDG) to non-profit corporations and institutions of higher education. The grants may be used to conduct feasibility studies, create business plans, helprural cooperatives develop markets and provide training for cooperative leadership. Grants are awarded competitively on an annual basis to Rural Cooperative Development Centers, which in turn provide technical assistance to individuals and cooperatives.Through this notice, USDA may award up to $5.8 million in grants. The deadline for paper applications is June 30. Electronic copies are due June 24, 2014. For information on how to apply, see page 24380 of the April 30, 2014 Federal Register, http://www.gpo.gov/ fdsys/pkg/FR-2014-04-30/pdf/2014-09869.pdf or contact the USDA Rural Development Texas State Office at (254)742-9780. Individual grants of up to $200,000 are available with matching funds required. Grants may be used to pay for up to 75 percent (95 percent when the applicant is a 1994 Land Grant Institution) of the project’s cost. Recipients are required to match 25 percent (5 percent for 1994 Land Grant Institutions) of the award amount. The grant period is limited to a one-year timeframe.