Rural Development has announced $5,967,000 in Fiscal Year (FY) 2014 funding for competitive grant funds for the Rural Community Development Initiative (RCDI) program.. Applicants must provide matching funds in an amount at least equal to the Federal grant. These grants will be made to qualified intermediary organizations that will provide financial and technical assistance to recipients to develop their capacity and ability to undertake projects related to housing, community facilities, or community and economic development that will support the community.
Fund uses must be consistent with the RCDI purpose. A nonexclusive list of eligible grant uses includes the following:
1. Provide technical assistance to develop recipients’ capacity and ability to undertake projects related to housing, community facilities, or community and
economic development, e.g., the intermediary hires a staff person to provide technical assistance to the recipient or the recipient hires a staff
person, under the supervision of the intermediary, to carry out the technical assistance provided by the intermediary.
2. Develop the capacity of recipients to conduct community development programs, e.g., homeownership education or training for business entrepreneurs.
3. Develop the capacity of recipients to conduct development initiatives, e.g., programs that support micro-enterprise and sustainable development.
4. Develop the capacity of recipients to increase their leveraging ability and access to alternative funding sources by providing training and staffing.
5. Develop the capacity of recipients to provide the technical assistance component for essential community facilities projects.
6. Assist recipients in completing pre-development requirements for housing, community facilities, or community and economic development projects by
providing resources for professional services, e.g., architectural, engineering, or legal.
7. Improve recipient’s organizational capacity by providing training and resource material on developing strategic plans, board operations, management, financial systems, and
8. Purchase of computers, software, and printers, limited to $10,000 per award, at the recipient level when directly related to the technical assistance program being undertaken by
9. Provide funds to recipients for training-related travel costs and training expenses related to RCDI.
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Program Status: OPEN on May 2, 2014
Estimated Program Funding: $2.25 Million
Maximum Grant Amount: $100,000
Cost Sharing Requirement: None
Eligible applicants: Public bodies, nonprofit corporations, Indian tribes, institutions of higher education, and rural cooperatives are eligible to apply.
Grant funds must be used for projects in rural areas and they can be used for:
– Community economic development
– Technology-based economic development
– Feasibility studies and business plans
– Leadership and entrepreneur training
– Rural business incubators
– Long-term business strategic planning
At its October 24, 2012 meeting the Michigan Strategic Fund Board approved the RFP for the 2013 Business Incubator Program. The program will provide funding to business incubators/accelerators to stimulate the creation and continued growth of technology-based businesses and jobs by capitalizing on the State of Michigan’s growing base of high technology industry, its skilled labor force, its nationally recognized university system, its SmartZones, and its business incubators/accelerators.
Per Public Act 200 of 2012, Section 1034, the MSF is requesting proposals to award grants that total not more than $8,500,000.00 for business incubators and accelerators as follows:
||A high performance regional business incubator or accelerator that provides services in at least eight (8) counties and received funding as an auto technology business accelerator under section 88j of the Michigan strategic fund act, 1984 PA 270, MCL 125.2088j, shall receive a grant of not less than $2,000,000.00.
|| Funding of not less than $750,000.00 and not greater than $1,000,000 shall be awarded to one (1) high performance business incubator or accelerator in a city with a population greater than 650,000.
|| Funding of not less than $500,000.00 and not greater than $1,000,000 shall be awarded to one (1) high performance business incubator or accelerator in each of the following governmental units:
|| Houghton County
|| Isabella County
||A Mason County business incubator that provides services to Lake, Mason, Manistee, and Oceana Counties
||Funding of not less than $275,000.00 and not greater than $1,000,000 shall be awarded to one (1) high performance business incubator or accelerator in Ingham County.
- A proposal is requested with a limit of 20 pages for the Business Plan.
- The RFP document (attached below) identifies the program criteria and requirements for the proposal.
- The proposal must be milestone and metrics based with semi-annual reporting to the MEDC.
- October 25, 2012 – RFP issued to the public
- October 31, 2012 – Questions due from public
- November 5, 2012 – Answers to questions submitted posted to web page
- November 26, 2012 – Applications due
- January 23, 2013 – Results presented to MSF Board for funding decisions