Our Funds and Sustainablity Manager, Shandy Petersen, recently took a training on this Rural Development Program and is ready to help our cooperatives apply!
We have been successful in receiving these dollars in the past for cooperatives, most recently receiving $25,000 for Butte Food Co-op in support of their site selection and design.
Rural Business Development Grants can be used to support small rural businesses, OR COOPERATIVES, that have fewer than 50 new workers and less than $1 million in gross revenue. Funds can be used for:
- training and technical assistance such as project planning, feasibility studies, producer service improvements,
- acquisition or development of land, easements or right of ways, renovation of buildings, and access to roads and streets.
- Capitalization of revolving loan funds
- Rural distance learning for job training
- Community economic development programs including business planning and rural business incubators
- And more!
There is a lot that these funds can do! If you are interested, email Shandy at shandy@mcdc.coop or Tracy at tracy@mcdc.coop to discuss your project.
MCDC can also help your cooperative with funding scenarios for other projects. To learn more about the other services that MCDC provides to existing cooperatives in Montana visit our website at https://mcdc.coop/services.
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