Secd rural business development coop rbeg grant

The Department of Agriculture Rural Housing Service awarded the Prescott Chamber Of Commerce Foundation $225,000 in a Project Grant on June 29, 2026, under the Rural Business Development Grant program (CFDA 10.351). The award supports rural business development activities in Arizona through June 29, 2028. The Rural Business Development Grant program promotes sustainable economic development and facilitates the development of small and emerging private business enterprises in rural communities, targeting businesses that will employ 50 or fewer new employees and have less than $1 million in projected gross revenue. Grants are made to government entities, private nonprofit corporations, and Federally recognized Indian tribes to assist business-type operations rather than directly to businesses. The program prioritizes projects located in communities with large low-income populations, projects that save existing jobs, projects that create jobs, and projects in areas with high unemployment rates.