Rbdg rural business coop rural enterprise grant

The Department of Agriculture Rural Housing Service awarded Bowman Economic Development Corp $307,500 under the Rural Business Development Grant program (CFDA 10.351) on March 23, 2026, to deliver rural economic development services through March 23, 2028.

Bowman Economic Development Corp, a community development corporation headquartered in Bowman, North Dakota, provides technical assistance and business counseling to small and emerging private businesses in rural North Dakota communities. The organization targets businesses with 50 or fewer new employees and projected gross revenue under $1.0 million, delivering feasibility studies, market research, workforce development training, and revolving loan fund management.

The Rural Business Development Grant program supports sustainable economic development and job creation in rural communities through assistance to government entities, private nonprofit corporations, and Federally recognized Indian tribes that serve as intermediaries to private businesses. The program prioritizes projects in low-income communities, projects that preserve existing employment, projects that create jobs, and projects in high-unemployment areas.

Performance takes place in North Dakota.