Secd rural business development coop rbeg grant

The Department of Agriculture Rural Business Cooperative Services awarded $110,000 to the City of Bayard on June 29, 2026, under the Rural Business Development Grant program (CFDA 10.351). The award supports sustainable economic development and small and emerging private business growth in rural communities through June 29, 2028, with place of performance in New Mexico. The City of Bayard, a municipality in Grant County, New Mexico, received the award as a government entity to assist business-type operations; grants under this program are not made directly to businesses but rather to eligible entities including government bodies, private nonprofits, and federally recognized Indian tribes that serve as intermediaries. The Rural Business Development Grant program targets rural communities and small emerging enterprises projected to employ 50 or fewer new employees with less than $1 million in projected gross revenue, prioritizing projects in low-income communities, those that preserve existing jobs, those that create jobs, and those located in areas with high unemployment.