USDA Prioritizing Projects focused on Regional Economic Development

USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community services such as schools, public safety and health care; and high-speed internet access in rural areas.

Strategic Economic and Community Development is a Farm Bill provision that allows USDA to give priority for projects that support the implementation of regional economic development plans through the following four USDA Rural Development programs:

Purpose

Projects that promote regional economic development can capitalize upon the unique strengths of specific rural areas. USDA Rural Development helps finance these projects by helping applicants overcome multi-jurisdictional challenges and by helping leverage federal, state, local or private funding.  Regionally focused projects help USDA resources have a larger impact, enabling greater wealth creation and quality of life improvements.

Application Process

To be eligible for SECD, a project must:

  • Be eligible for the underlying program

  • Be carried out solely in a rural area

  • Support a multi-jurisdictional strategic economic community development plan

Consideration for regional development priority will be based on:

  1. How well the project supports a multi-jurisdictional plan

  2. How well the plan addresses collaboration and investments from other federal and philanthropic agencies.

Source: rd.usda.gov/programs-services/strategic-economic-and-community-development

Explore more opportunities to Venture Smarter: