Wednesday, October 26, 2011

CDI awarded $225,000 grant for rural co-op development

Agriculture Secretary Vilsack Announces Economic Development Funding To Create Jobs in Rural Communities in 26 States

ALBUQUERQUE, N.M., - October 26, 2011 – Agriculture Secretary Tom Vilsack today announced the selection of 36 organizations in 26 states and the District of Columbia for grants to help rural cooperatives and small businesses expand, create jobs and strengthen their capacity to serve rural citizens and communities.
Vilsack said, "As we celebrate National Cooperative Month, USDA is proud to continue its support of local and regional efforts to bolster these cooperatives and help them bring increased value and economic opportunity to rural residents."

The grants are being provided through USDA Rural Development's Rural Cooperative Development Grant program. Under this program, grants of up to $225,000 may be awarded to colleges, universities and non-profit groups to create and operate centers that help individuals or groups establish, expand or operate rural businesses, especially cooperatives and mutually-owned businesses. Grants may be used to conduct feasibility studies, create and implement business plans, and help businesses develop new markets for their products and services.
Cooperative Development Institute: $225,000 to build a cooperative economy in New England and New York by creating and developing cooperative enterprises and networks in the northeast region of the country.

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