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

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 254. in US

United States United States Latest News, United States United States Headlines