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Title: www.rurdev.usda.govgarbs.htm


1
www.rurdev.usda.gov/ga/rbs.htm
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(No Transcript)
3
USDA - RURAL DEVELOPMENT FY 2005 LOAN AND GRANT
PROGRAMS INVESTED OVER 168 MILLION IN GEORGIA

4
FY 2005 ACCOMPLISHMENTSTHROUGH OUR PROGRAMS
  • SINGLE FAMILY HOUSING PROGRAMS- Assisted 727
    people in buying their own homes and provided
    funds to repair 410 homes
  • COMMUNITY PROGRAMS - Water or waste funds for
    five communities serving 2,881 people
  • BUSINESS PROGRAMS - Created and saved 1,629 jobs
  • MULTI-FAMILY HOUSING PROGRAMS 8,315 families
    received rental assistance

5
Rural Business-Cooperative Service CaseloadAll
Programs As of September 30, 2005
NH 73
ME 294
VT
WA 170
124
MT 226
MA 119
ND 166
MT 197
MN 381
NY 248
OR 153
WI 346
ID 189
SD 202
MI 260
RI 32
WY 126
97
CT
PA 287
IA 317
OH 271
NJ 68
NE 260
IN 172
DE 42
WV 195
NV 45
IL 309
VA 116
MD
UT 86
CO 274
110
KS 196
KY 228
MO 327
CA
CA 545
NC 470
TN 351
SC 210
OK 242
AR 128
AZ 96
NM 120
GA 329
AL 179
MS 184
AK 105
LA 212
TX 203
WP 32
FL 167
PR 103
HI 117
VI 22
8M - 50M
gt50M - 100M
gt100M - 150M
gt150M - 200M
gt200M - 250M
gt250M - 600M

Total Cases 10,324
Total Funds 6, 962,350,453
6
BUSINESS INDUSTRY (BI) GUARANTEED LOAN
PROGRAM(RD INSTRUCTION 4279-A, B and 4287-B)
  • PURPOSE
  • To improve, develop, or finance business,
    industry, and employment and improve the economic
    and environmental climate in rural communities.
  • This purpose is achieved by bolstering the
    existing private credit structure through the
    guarantee of quality loans made by lenders to
    provide lasting community benefits.

7
THE PROCESS
  • The BI program is a lender-driven process.
  • A potential borrower should seek out a supportive
    lender. The Agency cannot consider a BI
    proposal in detail until a lender expresses
    serious interest in the project.
  • The lender coordinates the application process on
    behalf of the potential borrower.
  • The first step is to submit a pre-application and
    set up a processing conference.

8
GUARANTEE LIMITS
  • Maximum of 80 of loans up to 5,000,000
  • Maximum of 70 of loans over 5 - 10 Million
  • Maximum of 60 above 10,000,000.
  • The guarantee applies to principal, accrued
    interest and approved protective advances.
  • The guarantee does not cover interest on
    interest, late fees or default rates of interest
    that exceed the note rate.

9
RURAL BUSINESS ENTERPRISE GRANT (RBEG) RD
Instruction 1942-G
PURPOSE To support the development of small
and emerging businesses A start-up or
expansion of a business with 50 or fewer new
employees and less than 1 million in projected
gross revenue (clarified in AN 3955).
10
ELIGIBLE APPLICANTS
  • Public entities (towns, communities,
  • State agencies, authorities, Indian tribes)
  • Private nonprofit corporations
  • NOT cooperatives unless organized as a
    private
  • nonprofit corporation.

11
RBEG PROJECT PURPOSES
  • Infrastructure Structure Improvements
  • (Water and Sewer Improvements Enhancing
    Downtown Parking to Increase Easy Access to
    Businesses, etc.)
  • Training Enhancements (example Truck Driving
    Simulator)

12
SELECTION FACTORS
  • Population
  • Economic Conditions unemployment and median
    household income
  • Applicant experience
  • Evidence of small business development
  • Commitment of nonfederal funding sources
  • Evidence of need for a revolving loan fund
  • Evidence of jobs to be created/saved
  • Project is part of a community or economic
    development plan covering the project area
  • Grant size
  • State Director discretionary points

13
ELIGIBLE PURPOSES (RBEG)
  • Revolving loan fund
  • Technical assistance (problem solving activity
    performed for the benefit of the small business)
  • Construction, acquisition, expansion of
    buildings, machinery, equipment, utilities (must
    be owned by the grantee not the benefiting
    business)
  • Training in connection with technical assistance

14
INELIGIBLE PURPOSES (RBEG)
  • Agricultural production
  • Comprehensive area-wide planning
  • Loans when the rates, terms and charges are not
    reasonable
  • To fund a project that is dependent on other
    funds that are not committed
  • Any project that does not have a reasonable
    prospect for the development of eligible business
    or businesses
  • No pass-through grants to Ultimate Recipient

15
APPLICATION PROCESS
  • Application are submitted to Rural Development
    Area Office
  • Applications are selected on a statewide
    competitive basis
  • Applications not selected in the statewide
    competition may compete for reserve funds at the
    National level.

16
FUNDS AVAILABILITY
  • National allocation typically 40 million.
  • Several earmarks for special initiatives (EZ/EC)
  • Each State receives an allocation.
  • Very popular and competitive program.
  • Suggest review program priorities (scoring)
    outlined in 1942-G before spending time on
    application.
  • Discuss the project with RD Area Office in the
    planning stage

17
RURAL ECONOMIC DEVELOPMENT LOAN AND GRANT PROGRAM
(REDLG) Instruction 1703-B
  • PURPOSE
  • Promote rural economic development and job
    creation projects.
  • Direct funds to those areas experiencing the
    greatest economic hardship.

18
REDLG ELIGIBLE APPLICANTS
  • Active Rural Utilities Service electric or
    telecommunications borrowers
  • (list located at www.usda.gov/rus/electric/borrowe
    rs)
  • or one who has prepaid a RUS loan
  • In Georgia
  • Troup Electric Membership Corp, LaGrange
  • Walton Electric Membership Corp, Monroe
  • Snapping Shoals Electric Membership Corp,
    Covington
  • Flint Electric Membership Corp, Reynolds
  • Mitchell Electric Membership Corp., Camilla
  • Cobb Electric Membership Corp., Marietta
  • Oconee Electric Membership Corporation, Dudley

19
RED LOANS
  • Zero interest loans are made to RUS borrowers who
    relend the money at zero interest for up to 10
    years to ultimate recipients.
  • The maximum loan is 740,000 for FY 2005.
  • FY 2005 Funding Available Nationwide
    24,802,639

20
RED LOANS
  • RUS borrower must provide a 20 match.
  • RUS borrower is responsible for loan payments if
    the ultimate recipient defaults.
  • Funds can be used for any business start-up or
    expansion project including feasibility studies
    and related project costs.

21
RED GRANTS
  • Grants not to exceed 300,000 (FY2005) to
    eligible RUS borrowers.
  • RUS borrower must provide 20 match.
  • FY2005 Funds Available Nationwide 10 MILLION

22
RED GRANTS
  • Grant and match loaned to a non-profit entity or
    public body for a needed community facility or
    service or for profit entity engaged in
    education for health care.
  • Loans are at 0 interest for up to 10 years.
  • Loan repayments capitalize a low-interest
    revolving loan fund administered by the RUS
    borrower in accordance with a work plan.

23
RURAL BUSINESS OPPORTUNITY GRANT (RBOG) RD
Instruction 4284-G
  • PURPOSE
  • Promote sustainable economic development in rural
    communities with exceptional needs through
  • Providing technical assistance for business
    development
  • Economic development planning

24
ELIGIBLE APPLICANTS
  • Public bodies
  • Nonprofit corporations
  • Indian tribes
  • Cooperatives with members who are primarily
    rural residents and conduct activities for the
    mutual benefit of the members

25
ELIGIBLE APPLICANTS
  • Must show sufficient financial strength (positive
    tangible net worth)
  • Must show expertise in the activity proposed in
    the application or in choosing and supervising
    consultants if that is how work will be
    accomplished

26
ELIGIBLE PURPOSES (RBOG)
  • Identify, train and provide technical assistance
    to existing or prospective rural businesses
  • Establish business support centers
  • Conduct local or multi-community economic
    development planning
  • Establish centers for training, technology and
    trade
  • Conduct leadership development training
  • Reasonable professional fees and charges
    associated with the above uses

27
FUNDS AVAILABILITY
  • VERY LIMITED
  • No state allocations
  • National appropriation (3-5 million)
  • Earmarks for EZ/EC/REAP and Native American
  • 1940-L sets annual limits
  • - 50,000 maximum project or 150,000 multi-
  • state
  • - two submissions to NO per State
  • above does not apply to earmarks
  • Know the scoring process

28
USDA Funding Assistance for Rural Renewable
Energy (RE) and Energy Efficiency (EE)Section
9006 PURPOSETo help agricultural producers
and small businesses reduce energy costs and
consumption through the purchase of RE systems or
installation of EE improvements
29
THE 9006 PROGRAM
  • Created as a U.S. Department of Agriculture
    program
  • Program designed to assist farmers, ranchers and
    rural small businesses with energy projects
  • In 2005, this program provides grants for
    renewable energy and energy efficiency projects
    and may provide loan guarantees
  • Created as a 5 year program. Congress has funded
    the program at 22.8 million per year for the
    first three years.
  • In 2003 and 2004, a total of 44 million in
    grants were awarded to 281 projects in 33 states.

30
ELIGIBLE PROJECTS
  • Any renewable energy and energy efficiency
    project as defined in the law.
  • Requirements for eligible projects
  • Must be located in a rural area.
  • Must be for a pre-commercial or commercially
    available and replicable technology.
  • Must be technically feasible.
  • Must have sufficiency revenues to provide for
    operation and maintenance
  • Grants request must not exceed 25 of project
    costs
  • Minimum grant request 2,500
  • Renewable Energy
  • Maximum grant request 500,000
  • If request is over 50,000, NOFA requires a
    project-specific feasibility study prepared by a
    qualifies independent consultant
  • Energy Efficiency
  • Maximum grant request 250,000
  • If total project costs are over 50,000, NOFA
    requires an energy audit
  • The applicant must be the owner of the project
    and control the operation and maintenance of the
    proposed project.

31
FARM BILL DEFINITIONS
  • Renewable Energy energy derived from
  • wind, solar, biomass, or geothermal source, or
  • hydrogen derived from biomass or water using one
    of the above energy sources
  • Biomass any organic material that is available
    on a renewable or recurring basis. Includes
  • agricultural crops
  • trees grown for energy production
  • wood waste and wood residues
  • plants (including aquatic plants and grasses)
  • residues
  • fibers
  • animal wastes, and
  • fats, oils and greases (including those that are
    recycled).
  • The term biomass does not include paper that is
    commonly recycled or unsegregated solid waste.

32
TECHNICAL REQUIREMENTS
  • Different Technology Requirements for
  • Biomass, Bioenergy
  • Anaerobic Digester
  • Geothermal, electric generation
  • Geothermal, direct use
  • Hydrogen
  • Solar, small (10 kW or smaller)
  • Solar, large (larger than 10 kW)
  • Wind, small (100 kW or smaller)
  • Wind, large (larger than 100 kW)
  • Energy Efficiency
  • USDA has worked with technology experts to
    develop Guidance on the Technical Requirements
    for each technology.
  • Designed to help applicants better understand how
    to respond to the technical requirements of the
    2005 NOFA.
  • Available at www.rurdev.usda.gov/rbs/farmbill/
    under Tools and Resources

33
RURAL COOPERATIVE DEVELOPMENT GRANTS (RCDG) RD
INSTRUCTION 4284-F
  • PURPOSE
  • Establishing and operating centers for
    cooperative development for the primary purpose
    of improving the economic condition of rural
    areas through the development of new cooperatives
    and improving operations of existing
    cooperatives.
  • To encourage and stimulate the development of
    effective cooperative organizations in rural
    America as a part of its total package of rural
    development efforts.

34
ELIGIBLE APPLICANTS
  • Nonprofit corporations
  • including institutions of higher education

35
ELIGIBLE ACTIVITIES
  • Examples of eligible activities include providing
    board of director training, conducting
    feasibility studies, and developing business
    plans.
  • Centers should focus on cooperative development,
    but may also assist other types of rural
    businesses.

36
ELIGIBLE AREA
  • All projects completed with grant
  • and/or matching funds must occur in rural areas.

37
VALUE-ADDED PRODUCER GRANTS (VAPG)RD INSTRUCTION
4284-J
  • PURPOSE
  • To Help Eligible Applicants to Create Marketing
    Opportunities and to Help Develop Business Plans
    for Viable Marketing Opportunities

38
ELIGIBLE GRANT PURPOSES
  • For planning activities and working capital
    for marketing value-added agricultural products
    and for farm-based renewable energy.

39
ELIGIBLE APPLICANTS
  • independent producers
  • farmer and rancher cooperatives
  • agricultural producer groups
  • and majority-controlled producer-based business
    ventures

40
MATCHING FUND REQUIREMENT
  • Cash or confirmed funding commitments from
    non-federal sources
  • Must be at least equal to the grant amount

41
COOPERATIVE DEVELOPMENT
  • PURPOSE
  • To help residents form new cooperative businesses
    and improve the operations of existing
    cooperatives.

42
COOPERATIVE BUSINESS STRUCTURE
  • Meeting Member Needs
  • Improve bargaining power when dealing with other
    businesses
  • Reduce costs
  • Obtain products or service otherwise unavailable
  • Obtain market access or broaden market
    opportunities
  • Improve product or service quality
  • Increase income

43
INTERMEDIARY RELENDING PROGRAM(RD INSTRUCTION
4274-D)
  • PURPOSE
  • Alleviate poverty and increase economic activity
    through low-interest loans to small businesses
    and community development projects in a rural
    area.

44
ELIGIBLITY REQUIREMENTS - INTERMEDIARY - (RD
INSTRUCTION 4274-D, SECTION 4279.307)
  • Private non-profit corporations
  • Public agencies
  • Indian groups
  • Cooperatives

45
ELIGIBLITY REQUIREMENTS - INTERMEDIARY- (RD
INSTRUCTION 4274-D, SECTION 4279.307)
  • Have legal authority, ability to provide security
    and loan repayment ability.
  • Have loan making and servicing experience.
  • Have acceptable capitalization.
  • Document that conventional credit is not
    available at affordable rates and terms.

46
ELIGIBILITY REQUIREMENTS - ULTIMATE RECIPIENTS -
(RD INSTRUCTION 4274-D, SECTION 4279.308)
  • Be citizens or legally admitted to the U.S.
  • Be located in a rural area - not within the
    outer boundary of a city with a population of
    25,000 or more.
  • Be individuals, public or private organizations
  • with authority to incur debt, give security
    and repay the loan.
  • (Corporation, partnership, LLC, individual,
    non- profit corporation, public body, other).

47
AGENCYS PARTICIPATION
  • Until all IRP loan funds are advanced, the Agency
    reviews
  • the intermediarys analysis and certifications on
    each ultimate recipients application, and,
  • completes an environmental assessment.
  • Revolved funds must still be used for
    eligible purposes in accordance with the
    Intermediarys scope of work.

48
LOAN PURPOSES(RD INSTRUCTION 4274-D, SECTION
4274.314 )
  • ELIGIBLE
  • Establish or expand businesses (similar to BI
    loan purposes) or community development projects
    (similar to Community Facility or Water/Waste
    projects).
  • Land, equipment, working capital, and fees.
  • INELIGIBLE
  • See RD Instruction 4274-D, Section 4274.319
  • (examples agriculture production and golf
    courses)

49
LOAN TERMS AND AMOUNTS (RD INSTRUCTION 4274-D,
SECTIONS 4274.320, 4274.325, AND 4274.331 )
  • INTERMEDIARIES
  • 1 Interest for a term of up to 30 years.
  • Defer principal for 3 years.
  • Guidelines for FY2005
  • Initial loan limited to 750,000 1 Million,
    Subsequent loan limited to 750,000
  • Total debt limited to 15 Million

50
LOAN TERMS AND AMOUNTS (RD INSTRUCTION 4274-D,
SECTIONS 4274.320, 4274.325, AND 4274.331 )
  • ULTIMATE RECIPIENTS
  • Interest rate and term established by
    Intermediary in work plan (Usually 4 - 6
    interest with terms of 3 to 10 years depending on
    loan purpose).
  • Maximum loan of 250,000 or 75 of the project
    cost whichever is less.

51
LOAN SECURITY (RD INSTRUCTION 4274-D, SECTION
4274.314 )
  • INTERMEDIARIES
  • Pledge of IRP revolving funds and loans, assets
    of the borrower, other rights and interests.
  • ULTIMATE RECIPIENTS
  • Normally the same as any other business loan.
  • Depends on the use of loan funds.
  • Often will include lien on real estate and
    equipment
  • Personal guarantee of owners, life insurance on
    owners, etc.

52
APPLICATION PROCEDURES (RD INSTRUCTION 4274-D,
SECTION 4274.343 )
  • FORM RD 4274-1
  • WORK PLAN
  • Ability and experience to administer a revolving
    loan program.
  • Need for loan funds.
  • Rates and terms of loans.
  • Proposed fees.
  • Sources of other funds.
  • Pro forma financials.
  • Proposed application form for ultimate
    recipients.

53
AGENCY PROCESSIF APPROVED
  • Issue Letter of Conditions
  • Request OGC Closing Instructions
  • Note FY 2005 funds available nationwide
    33,939,318

54
If Ultimate Recipients Fail to Repay Loans from
the Intermediary, what happens to the
Intermediary's Loan from RBS?
  • When the intermediary accepts the IRP loan, it is
    incurring a debt.
  • Collections from loans to ultimate recipients
    should be sufficient to repay the RBS loan on
    schedule.
  • However, even if collections from ultimate
    recipients are not sufficient, the intermediary
    is fully responsible for repaying RBS.

55
Intermediary Relending Loan ProgramFY 2005
NH 5
VT 1
ME 2
WA

In Thousands
ND 1

MT 1
MA
MN
0
OR 1
NY
WI 1
150 - 300
ID 1
SD 2
RI
MI
WY
CT
PA 1
gt300 - 600
IA 5
NJ
NE 1
OH
IN
DE
gt600 - 1M
NV 1
WV 1
IL 1
MD
VA 1
UT 1
CO
CA 4
gt1M - 1.5M
KS
KY 2
MO 1
NC 6
gt1.5M
TN 1
SC 2
OK 2
AZ 1
NM 1
AR 1
Total Loans 57
GA 1
Total Funds 33,939,314
AL
MS
LA
TX 5
WP
FL 1
AK 1
PR
HI 1
VI
As of September 30, 2005
56
Intermediary Relending Program CaseloadAs of
September 30, 2005
NH 6
ME 12
VT 8
WA 7
ND 6
MA 2
MT 13
MN 28
OR 14
NY 11
WI 7
ID 6
SD 16
MI 9
RI
WY 2
CT
PA 17
IA 21
NJ 2
OH 8
NE 6
NV 1
IN
DE 1
WV 9
IL 9
IL 7
MD 10
UT 5
CO 3
VA 3
CA 19
KS 4
KY 17
MO 6
NC 16
TN 14
SC 8
OK 13
NM 1
AZ 4
AR 9
GA 9
MS 8
AL 7
AK 2
LA 11
TX 3
WP 1
FL 3
PR 3
HI 1
VI 3
0
gt100,000 - 3M
gt3M - 6M
gt6M - 9M
gt9M-12M

gt12M - 20M
gt20M

Total Borrowers 404
Total Loans Closed 529,246,826
57
1890 LAND GRANT INSTITUTIONS RURAL
ENTREPRENEURIAL PROGRAM OUTREACH INITIATIVE
58
PROGRAM HISTORY
  • The 1890 Institutions have some of the best
    agricultural science and business education
    programs in the nation.
  • Therefore, USDA, Rural Development, and the 1890
    Land-Grant Universities are working together on a
    new approach to support the development of
    businesses that create quality jobs.

59
Program Goals
  • Develop income-producing projects for
    under-developed rural communities
  • Create self-sustaining, long-term economic
    development in targeted areas of high
    unemployment
  • Assist and guide these communities in becoming
    self-sustainable.

60
Partnership
  • 1890 Institutions provide businesses with the
    assistance needed to organize and operate
    efficiently and profitably.
  • To ensure quality education related to small
    business development is available in these
    communities.

61
Purpose of the Program
  • To support Rural Developments goals and
    objectives of providing technical assistance for
    business creation in economically challenged
    rural communities.
  • To support educational programs to develop and
    improve upon the professional skills of rural
    entrepreneurs.

62
Purpose of the Program (Cont.)
  • To support outreach and promotion of USDA, Rural
    Development, programs of assistance in small
    rural communities with the greatest economic
    need.

63
Program Objectives
  • The main objective of this program with the1890
    Land Grant Institutions
  • Is to strengthen the capacity of these
    communities to undertake innovative,
    comprehensive, citizen-led, long-term strategies
    for community and economic development, including
    entrepreneurship and job creation.

64
How Does the Initiative Work?
  • Through cooperative agreements, 1890 institutions
    are able to receive USDA Rural Development
    funding to establish economic development
    programs for their neighboring communities.

65
Program Objectives
  • Promote Rural Development programs in the
    targeted underserved areas (Contact RD State
    Office for list of underserved areas)
  • Build capacity in those targeted underserved
    rural communities
  • Encourage and assist the community leaders and
    residents to participate in the programs Rural
    Development has to offer
  • Increase interst of underserved rural residents
    seeking programs at the Rural Development State
    Offices

66
Types of Assistance
  • Sponsor business conferences and workshops
  • Finance rural businesses
  • Provide technical assistance to new and existing
    businesses, including cooperatives
  • Assist communities in leveraging other resources
    via state, local, private, and/or public funding
  • Assist businesses through the application
    process
  • Offer educational courses in business
    development
  • Provide computer labs where community members can
    have access to other rural economic development
    sources on the Internet
  • Establish business incubator services.

67
How are the 1890 Institutions Outreaching USDA
Rural Development Programs in Rural Communities?
  • The 1890 Land Grant Institutions, with
    assistance from Rural Development National and
    State offices are working with these targeted
    rural communities to strengthen their capacity
    for economic and community development.

68
Method Used
  • Assist in developing of business plans, loan
    packages, marketing strategies and accounting
  • Assess and conduct feasibility studies of local
    community
  • Recommend and advise community leaders regarding
    economic and community development
  • Conduct seminars workshops and conferences to
    disseminate information to stimulate business and
    economic development
  • Develop information technology outreach training
    for rural communities

69
Method Used (cont.)
  • Conduct outreach through the use of computer
    technology and maintaining an internet web
    presence which links community leaders and
    residents to available economic development
    information.
  • Provide one-on-one technical assistance to
    entrepreneurs and community leaders
  • Conduct classes in new venture planning
  • Assist clients with existing Rural Development
    loans and grants

70
Program Impact/Outcome
  • Created new jobs
  • Saved businesses
  • Saved jobs
  • Developed business incubators
  • Assisted clients in securing business loans
  • Assisted community leaders in preparing
    applications for Rural Development loan and grant
    programs

71
Program Impact/Outcome (Cont.)
  • Assisted community leaders in preparing
    applications for Rural Development loan and grant
    programs
  • Assisted community leaders with writing proposals
    for Rural Development grant programs
  • Provided computers to underserved rural
    communities
  • Developed a better working relationship between
    1890 institutions, Rural Development National and
    State Offices, and the underserved rural
    communities

72
Program Success Stories
  • University of Arkansas-Pine-Bluff, AR
  • Assisted Ms. Angela Williams, a local business
    woman to develop a marketing plan for her
    Computer Tots training business. The marketing
    plan was designed to create a regional/and or
    Statewide program. Since developing the marketing
    plan, the business has obtained two local
    contracts and was highlighted in the local
    newspaper.
  • Assisting a minority farmer in developing an
    operations business plan for his vegetable
    processing plant located in Mariana, Arkansas.
    Once the facility is in full operation, it will
    supply the Marriott and Krogers stores with
    greens, beans and other fresh produce. Several
    other farmers have been identified to supply
    produce to the processing facility.

73
Program Success Stories
  • Fort Valley State University, GA
  • RBOI provided technical assistance and an IRP
    loan of 18,375 to an entrepreneur to expand her
    flower and gift business facilities.
  • RBOI and University of Georgia Small Business
    Development Center (SBDC) partnered to present
    the Minority Business Conference held at Fort
    Valley State University, May 19, 2005.
    Approximately 40 participants attended the
    conference.

74
Program Success Stories
  • Langston University, OK
  • Assisted rural communities to set up a conference
    on Faith Based Opportunities for religious
    organizations in Oklahoma.
  • Organized and facilitated a community planning
    meeting for community leaders to discuss the
    possibilities of installing a water/sewer system
    in a local town.

75
Program Success Stories
  • South Carolina State University, SC
  • Assisted an entrepreneur to develop a feasibility
    and business plan for a proposed hotel project.

76
Program Success Stories
  • Tuskegee University
  • Worked with the local community to secure a
    500,000 grant for the purpose of forming a CDC
    that would focus on University-community
    partnerships and revitalization of the campus
    neighborhoods.
  • Space provided by the county has been renovated
    and is serving as a small business incubator.
    Four of the nine available spaces have been
    rented.
  • Ten business plans have been finalized for
    start-up entrepreneurs seven have applied for
    SBA community express loans, and is expected to
    close on at least four with a micro-loan ranging
    between 15,000 and 50,000.

77
Program Success Stories
  • Southern University and AM College, LA
  • This project provides access to the internet for
    small rural communities through a tool called
    Business Information System Network (BISNet).
  • The project is a resource tool whose main purpose
    is help rural communities get connected on the
    Internets world wide web.

78
Program Funded Level and Number of Institutions
  • YEAR FUNDED LEVEL OF
    INSTITUTIONS AWARDED
  • Dollars
    Number
  • 1997 2,070,000
    18
  • 1998 2,151,498
    14
  • 1999 2,000,000
    9
  • 2000 2,000,000
    10
  • 2001 1,600,000
    11
  • 2002 1,499,961
    11
  • 2003 1,800,000
    14
  • 2004 1,800,000
    15
  • 2005 1/ 1,200,000
    12
  • 1/ Proposed for
    FY 05.
  • Maximum award
    per institution per year , FY 02-Fy 04 was
    150,000.
  • Maximum award
    per institution proposed for FY 05 is 100,000.

79
1890 Land Grant Institutions
  • NAME
    STATE
  • Alabama AM University
    AL
  • Tuskegee University
    AL
  • University of Arkansas-Pine Bluff
    AR
  • Delaware State University
    DE
  • Florida AM University
    FL
  • Fort Valley State University
    GA
  • Kentucky State University
    KY
  • Southern University A M University
    LA
  • University of Maryland-Eastern Shore
    MD

80
1890 Land Grant Institutions Cont.
  • NAME
    STATE
  • Alcorn State University
    MS
  • Lincoln University
    MO
  • North Carolina AT State University NC

  • Langston University
    OK
  • South Carolina State University
    SC
  • Tennessee State University
    TN
  • Prairie View AM University
    TX
  • Virginia State University
    VA
  • West Virginia State College
    WV

81
Contact Information
For Georgia GEORGIA RD STATE OFFICE (706)546-2154
www.rurdev.usda.gov/rbs See Handout For RD State
Office Contact Information
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