Federal Grant Award Summary

Bowman Economic Development Corp received a $307,500 Project Grant from the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Business Development Grant (RBDG) program (CFDA 10.351) awarded on March 23, 2026, with a completion date of March 23, 2028. The grant funds business development services and technical assistance activities designed to support small and emerging private businesses in rural North Dakota communities. Based on the organization's established service model, the funded activities support eligible businesses employing 50 or fewer new employees with less than $1.0 million in projected gross revenue through comprehensive services including business counseling, feasibility studies, market research, workforce development training, and revolving loan fund management.

The RBDG program prioritizes economic development in rural communities with large low-income populations, high unemployment rates, and significant job creation or preservation potential. Bowman Economic Development Corp, functioning as an intermediary organization, delivers these services in partnership with entities such as the University of North Dakota's Small Business Development Center (SBDC) to provide confidential business counseling and advisory services to small and mid-size companies. The organization's consistent receipt of RBDG funding demonstrates its effectiveness in promoting sustainable economic growth and small business resilience in designated rural areas.