SEC. 6022 rmap-rural micro develop organizations grants (disc)

Trenton Business Assistance Corporation (TBAC), doing business as Regional Business Assistance, received a $100,000 Project Grant from the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Microentrepreneur Assistance Program (CFDA 10.870) awarded on June 17, 2025. The grant period extends through June 17, 2027 and supports economic development in rural New Jersey communities.

The funding enables TBAC to establish a microloan revolving fund and deliver comprehensive business development services to rural microenterprises with 10 or fewer employees. Specifically, TBAC will provide microloans up to $50,000 to rural microentrepreneurs, along with associated technical assistance including business training, entrepreneurship education, business planning support, and market development guidance. These services target microentrepreneurs in underserved rural areas who lack access to sufficient training and financial resources, with particular emphasis on supporting women, minority, and low-income entrepreneurs seeking to establish or expand their rural microenterprises.