Program Name: Rural Economic Development Loan and Grant Program
Organization: United States Department of Agriculture – Rural Development
Address: 2118 W. Part Court, Suite A, Champaign, IL 61821
Phone: 217-403-6200
Briefly Describe the Purpose of the Program
Supports economic development and job creation in rural areas by providing zero-interest loans to eligible local utilities.
Year Program Established:
Eligibility Requirements or Restrictions
Open to: Electric and telephone utilities. The utility company must service rural areas with populations of 50,000 or fewer.
Application Deadline: Quarterly – March 31, June 30, September 30, December 31
Application Guidelines:
Funding Cap Per Application or Fiscal Year Program Funding:
How Must Funds Be Used:
Fund projects that create and retain employment or funds are used to establish revolving loan funds (RLFs) that make pass-through funding available to ultimate recipients that back projects to create or retain rural jobs.