Best Grants for Rural Development in Nevada

What does this program do?

It provides loans and grants to Microenterprise Development Organizations (MDOs) to:

• To help microenterprises startup and growth through a Rural Microloan Revolving Fund.
• Provide training and technical assistance to microloan borrowers and micro entrepreneurs.

What is an eligible area?

• Rural areas outside a city or town with a population of fewer than 50,000 residents. Urbanized areas near a city of 50,000 or more may not be eligible.
• The borrower’s headquarters may be based within a larger city so long as the project service area is located in an eligible rural area.
• The lender may be located anywhere.

Check eligible addresses for Business Programs here.

 What kind of funding is available? 

Grants are available to provide technical assistance to rural micro-entrepreneurs or microenterprises, up to $205,000 annually. Funding at the requested level is not guaranteed, and at least 15 percent matching funds are required.

Loans of $50,000 to $500,000 may be used for establishing a Rural Microloan Revolving Fund managed by the Microenterprise Development Organization. Total aggregate debt is capped at $2.5 million.

The Rural Business Development Grants in Nevada aim to foster economic growth and job creation in rural areas by providing financial assistance to eligible entities. The program offers two types of grants: Opportunity grants for community projects and Enterprise grants for small business support. While there is no maximum grant amount, smaller requests are prioritized. The funds can be utilized for various purposes, including training, infrastructure development, and strategic planning, contributing significantly to rural development.

The Community Facilities Grant Program in Nevada offers funding to develop vital community facilities in rural areas, benefiting towns with populations under 20,000. Eligible projects include healthcare, public safety, education, and essential services. This program prioritizes lower-income communities, providing up to 75% funding for qualifying projects. Applicants can be public bodies, non-profits, or federally recognized tribes. It's a year-round program, ensuring ongoing support to enhance community infrastructure and services.