Rural Business Investment Program
Department Of Agriculture, Rural Business Cooperative Service
To promote economic development and create wealth and job opportunities among individuals living in rural areas and help to meet the equity capital investment needs primarily of smaller enterprises located in such areas.
Jargon-free version
Helps new investment groups in rural areas raise money to support local businesses. They get a license to operate as a Rural Business Investment Company.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
Provides a Rural Business Investment Company (RBIC) license, enabling the entity to operate as a developmental capital fund to help meet equity capital investment needs in rural communities and smaller enterprises.
Who Is Eligible?
Other Criteria: Newly formed for-profit entities or subsidiaries, Must have relevant experience in venture capital or community development financing, Must raise a minimum of $10 million in private equity capital, May be structured as limited partnerships, limited liability companies or corporations, RBIC investments must target rural areas (minimum 75% in areas with population of 50,000 or less), RBIC investments must target smaller enterprises (minimum 50%), A maximum of 10% of RBIC investments may be made in urban areas
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FAQFrequently Asked Questions
Visit the program page for detailed eligibility requirements.
This program offers funding up to $9,999,999,999 (minimum $56,000).
This program accepts applications on a rolling basis.
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