Rural Business Development Grants in Mississippi

USDA: Rural Development (RD)

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Deadline: Feb 28, 2025 2:30pm PST

Grant amount: US $10,000 - US $500,000

Fields of work: Rural Development

Applicant type: Government Entity, Indigenous Group, Nonprofit

Funding uses: Project / Program, Capital Project, Training / Capacity Building

Location of project: Mississippi

Location of residency: Mississippi

Overview:

What does this program do?

This program is designed to provide technical assistance and training for small rural businesses. Small means that the business has fewer than 50 new workers and less than $1 million in gross revenue.

What kind of funding is available?

There is no maximum grant amount; however, smaller requests are given higher priority. There is no cost sharing requirement. Opportunity grants are limited to up to 10 percent of the total Rural Business Development Grant annual funding.

How may funds be used?

Enterprise grants must be used on projects to benefit small and emerging businesses in rural areas as specified in the grant application. Uses may include:

  • Training and technical assistance, such as project planning, business counseling and training, market research, feasibility studies, professional or/technical reports or producer service improvements.
  • Acquisition or development of land, easements, or rights of way; construction, conversion, renovation of buildings; plants, machinery, equipment, access for streets and roads; parking areas and utilities.
  • Pollution control and abatement.
  • The capitalization of revolving loan funds, including funds that will make loans for start-ups and working capital.
  • Distance adult learning for job training and advancement.
  • Rural transportation improvement.
  • Community economic development.
  • Technology-based economic development.
  • Feasibility studies and business plans.
  • Leadership and entrepreneur training.
  • Rural business incubators.
  • Long-term business strategic planning.

Opportunity grants can be used for:

  • Community economic development.
  • Technology-based economic development.
  • Feasibility studies and business plans.
  • Leadership and entrepreneur training.
  • Rural business incubators.
  • Long-term business strategic planning.

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

  • What is an eligible area?
    • Rural Business Development Grant money must be used for projects that benefit rural areas or towns outside the urbanized periphery of any city with a population of 50,000 or more. Check eligible areas.
  • Rural public entities including, but not limited to:
    • Towns.
    • Communities.
    • State agencies.
    • Authorities.
    • Nonprofit corporations.
    • Institutions of higher education.
    • Federally-recognized tribes.
    • Rural cooperatives (if organized as a private nonprofit corporation).

USDA: Rural Development (RD)
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This page was last reviewed December 29, 2023 and last updated December 29, 2023