We’re thrilled to be a recipient of a $99,000 USDA Rural Business Enterprise Grant that will be used to assist businesses in rural Marion County!
You can read the full press release here: http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1OB?contentidonly=true&contentid=2009/07/0344.xml
The award will fund our Small Business Incubator Without Walls program. You can visit this link to learn more about the SBDCs innovative new program.
The awards are being made by USDA Rural Development. USDA Rural Development offers a variety Federal loan guarantee, loan, and grant programs designed to create and retain jobs; to support business, energy and cooperative projects; and to promote sustainable economic progress in Oregon’s rural communities. The USDA builds cooperative financial partnerships with rural Oregonians. Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA’s web site at http://www.rurdev.usda.gov/or/
The grant program that is supporting these awards is the Rural Business Enterprise Grant program. You can learn more details about the RBEG program at http://www.rurdev.usda.gov/or/rbeg.htm. Regular RBEG funding levels support the award of about $38 million. Thanks to the Recovery Act, the RBEG program is being supplemented this year with an additional $19.4 million. The awards announced yesterday were from these supplemental RBEG-Recovery funds.