Rbdg rural business coop rural enterprise grant

The City of Drexel, Missouri was awarded a $100,000 Rural Business Development Grant (RBDG) from the U.S. Department of Agriculture's Rural Housing Service and Rural Business Cooperative Services on July 24, 2024. This two-year Project Grant aims to promote sustainable economic development and facilitate the development of small and emerging private businesses, industry, and related employment to improve the economy in Drexel's rural community. The grant funding will support a variety of technical assistance, business development, and economic growth initiatives, such as business counseling, market research, workforce development, feasibility studies, and support for business incubators and industry cluster projects. The RBDG program, under CFDA Number 10.351, typically awards grants ranging from $20,000 to $900,000 to non-profit organizations, educational institutions, tribal governments, and local government entities like the City of Drexel to drive economic development in underserved rural areas.