Funding Agency

USDA - Rural Business Service - Rural Economic Development Loan and Grant Program (REDLG)


Funding Agency

USDA - Rural Business Service


Federal Agency

USDA - Rural Business Service

Agency Overview

USDA Rural Development is committed to helping improve the economy and quality of life in rural America. The agency offers loans, grants and loan guarantees to help create jobs and support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure.

Program Name

USDA - Rural Business Service - Rural Economic Development Loan and Grant Program (REDLG)


Program Overview

The Rural Economic Development Loan and Grant program provides 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 is responsible for repayment to USDA.

Agency Contact

Various by state. See agency website.

Program Purpose
  • Broadband Infrastructure (e.g., construction)
Eligible Recipients
  • Commercial/Internet Service Providers
  • Electric Utilities/Co-ops

Agency Contact

Various by state. See agency website.

FY2020 Funding Amount

Loan: $50,506,394, Grant: $10,900,000

Additional Information

https://www.rd.usda.gov/sites/default/files/fact-sheet/508_RD_FS_RBS_REDLG.pdf

Brief Program Description

The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations.

Agency
  • Department of Agriculture

Funding Name USDA - Rural Business Service - Rural Economic Development Loan and Grant Program (REDLG)

Funding Image

USDA Rural Development