Commerce Department planning $1B in Recompete Pilot Program grants - Phoenix Business Journal

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The government is prepping $1B in economic development grants. And it wants your help.

Small-business loan options and tax credits The USDA Business and Industry Loan Guarantee Program,

part of an umbrella loan program offered by the USDA under its OneRD Guarantee Loan Initiative, offers loan guarantees of up to 80% on everything from purchasing a building, modernizing equipment, working capital or acquiring a company. It also only applies to eligible areas — essentially rural areas not in cities or towns of more than 50,000 — although businesses based in larger cities are eligible as long as the project is in a rural area. of up to $7,500 for vehicles weighing less than 14,000 pounds, and up to $40,000 for vehicles that weigh more than that, subject to certain limitations. The credit is slated to last until the end of 2032, according to the legislation. from $250,000 to $500,000.

 

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