The Department of Agriculture Rural Housing Service awarded a $100,000 Rural Business Development Grant to Southwest Intermediary Finance Team, Inc., a non-profit organization, to promote sustainable economic development and facilitate the development of small and emerging private businesses in rural communities. The grant period runs from June 27, 2023 to June 27, 2025. Southwest Intermediary Finance Team provides financing, technical assistance, and training to support economic development in rural areas, acting as an intermediary to channel federal funding to ultimate recipients through revolving loan funds, direct lending programs, and rural enterprise grants. Past awards have funded a diverse array of projects, including assisting meat and poultry processors, capitalizing a revolving loan fund for small businesses impacted by COVID-19, and supporting persistent poverty counties, rural micro-loans, infrastructure improvements, and technical assistance and training programs for rural entrepreneurs and businesses.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $100.0k | 6/27/23 |