Upgrade infrastructure to create jobs

Rural Economic Development Loan and Grant (REDLG) program.

Infrastructure projects that will create more
jobs are a good fit for REDLG. 

Eligible recipients are USDA rural utilities program borrowers. Those recipients pass the funds to local organizations. That means you may need to partner with a rural electric cooperative to handle the funds.

The funding is leveraged to create projects that retain or create jobs and upgrade public infrastructure. The maximum amount of funding for any one project is $1 million for loans and $300,000 for grants.

For example, the Utilities District of Western Indiana received a REDLG loan and grant in 2011 to construct an elevated water storage tank and supply lines. The project will serve a technology park and two communities, creating nearly 400 jobs.

The deadline for submitting applications is the last business day of each month through September 30th of 2012. Applications must be submitted to the Rural Development state office where the project will be located.

Source: Rural Economic Development Loan and Grant (REDLG) program announcement.