The Rural Business Cooperative Service (the Agency) is issuing a second Notice of Solicitation of Applications (Notice) under the Rural Energy for America Program (REAP).
Donor Name: Employment and Training Administration
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 09/30/2023
Size of the Grant: $1,000,000
Grant Duration: 24 months
Details:
This second notice announces the availability of $1.055 billion in Inflation Reduction Act funds across six quarterly cycles to be obligated by September 30, 2024. This Notice also announces the types of projects that qualify for a federal grant share not to exceed 50 percent of the project cost, a set-aside for underutilized renewable energy technologies (underutilized technologies), as well as scoring revisions to support Administration priorities.
The Agency provides grants, guaranteed loans, and combined grant and guaranteed loan combinations thru the REAP program to help agricultural producers and rural small businesses reduce energy costs and consumption and helps meet the Nation’s critical energy needs. Applications for REAP may be submitted at any time throughout the year
Rural Development Key Priorities
The Agency encourages applicants to consider projects that will advance the following key priorities below:
- Assisting rural communities recover economically through more and better market opportunities and through improved infrastructure;
- Ensuring all rural residents have equitable access to RD programs and benefits from RD funded projects; and
- Reducing climate pollution and increasing resilience to the impacts of climate change through economic support to rural communities.
Funding Information
- Estimated Total Program Funding: $1,055,003,000
- Award Ceiling: $1,000,000
Performance Period
Up to 24 months for grants.
Eligible Applicants
- Small businesses
Additional Information on Eligibility
Small businesses must meet SBA size standards. Agricultural Producers are also eligible.
For more information, visit Grants.gov.
