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Veneman announces rural economic grants
Secretary of Agriculture Ann M. Veneman on June 9 announced the availability of $6.5 million in rural cooperative development grants to improve rural economic conditions through establishing and operating centers for cooperative development.
"These grants will help improve the economic condition of rural communities," said Veneman.
Veneman said that $1.5 million of the total available funds will be reserved for small, minority producers that apply for assistance through their cooperative businesses. These grants are designed to make feasible the creation, or retention, of jobs in rural areas. Priority consideration for an award will be granted to those applicants who have a successful administrative track record, have demonstrated expertise in providing technical assistance to rural areas and have an ability to retain business and generate opportunities to improve the local economic conditions. In addition, an applicant's commitment and the commitment of local support contribute to its priority status of receiving a grant. To date, the Bush administration has Development's mission is to deliver programs funded $14.9 million in Rural Cooperative Development Grants.
These competitive awards are available to non-profit corporations and institutions of higher education, as authorized by the 2002 farm bill. Matching funds are required for eligibility. Applications for a Rural Cooperative Development Grant must be received no later than July 26.
Date: 6/22/04
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