What does RBDG mean in DEVELOPMENT

Eligible applicants for RBDG include individuals, businesses, nonprofit organizations, and government entities located in rural areas as defined by the USDA. Priority is given to businesses that demonstrate a commitment to job creation, economic development, and improving the quality of life in rural communities.

RBDG can be used to fund a wide range of projects that support rural business development, including business startups, expansions, infrastructure improvements, workforce training, and marketing initiatives. The specific eligibility criteria vary depending on the type of project and the funding program.

The amount of funding available through RBDG varies depending on the funding program and the specific project. Grants typically range from $10,000 to $500,000, with some programs offering up to $1 million or more.

The application process for RBDG varies depending on the funding program. Applicants are typically required to submit a detailed proposal outlining their project, its goals, and its impact on the rural community. The USDA provides guidance and resources to assist applicants with the preparation and submission of their proposals.

RBDG applications are evaluated by a competitive review panel based on the following criteria: the project's potential for economic impact, job creation, and community development; the applicant's experience and qualifications; and the project's alignment with the goals of the funding program.

RBDG recipients are required to submit regular reports to the USDA on the progress of their projects. These reports typically include financial statements, job creation data, and other metrics related to the project's goals and objectives.