Rbdg rural business coop rural enterprise grant

Central New York Technology Development Organization Inc. received a $120,000 Rural Business Development Grant (CFDA 10.351) from the USDA Rural Business Cooperative Services, awarded on September 29, 2025, with a completion date of September 29, 2027. Under this Project Grant, the organization will provide technical assistance and capital support to small and emerging private businesses in rural New York communities. As an intermediary grantee, the organization will facilitate economic development and job creation by supporting eligible business enterprises that employ 50 or fewer new employees and project less than $1 million in gross revenue.

The funded initiative aligns with the Rural Business Development Grant program's objectives to promote sustainable economic development in rural areas, with particular emphasis on projects serving low-income communities, preserving existing jobs, creating new employment opportunities, and targeting regions with elevated unemployment rates. The two-year project will leverage federal funding to strengthen rural business capacity and support enterprise development within the Central New York region.