USDA Rural Development. Programs Working in Rural America January 2015 Wyoming Economic Development Association

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1 USDA Rural Development Programs Working in Rural America January 2015 Wyoming Economic Development Association

2 Renewable Energy & Energy Efficiency Energy Grants may be used to pay up to 25% of the eligible project costs, or as follows: Type of Application Minimum Amt. Maximum Amt. Renewable Energy System $2,500 $500,000 Energy Efficiency Improvement $1,500 $250,000 Energy Loan Guarantees (or combination Grant & Loan Guarantee) may be used to pay up to 75% of the eligible project costs, or as follows: Type of Application Minimum Amt. Maximum Amt. Renewable Energy System $2,500 $25,000,000 Energy Efficiency Improvement $1,500 $25,000,000

3 Renewable Energy & Energy Efficiency Existing private owned businesses, Ag producers, Purchase/retrofit equipment for a building, Install renewable energy system, Must be in a town with a population of 50,000 or less, Must be 51% owned by a US Citizen or legal permanent resident.

4 Value Added Producer Grants Changing the physical state of an agricultural commodity or product (i.e. wheat to flour or cookies); Differentiated production or marketing (i.e. organic tomatoes); Renewable energy (i.e. anaerobic digester, electricity); Processing and marketing (i.e. wine bottles for those former grapes).

5 Value Added Producer Grants Eligibility includes independent ag producers ($1,000 of product annually) Farmer/Rancher Co-ops Ag producer groups Majority controlled producer-based business ventures

6 Intermediary Relending Program Rural Development lends funds that are then loaned to others for new businesses, expansion, create employment, or save existing jobs or community projects. RD interest 1% per annum. You charge what is negotiated between you and the ultimate recipient (see reg.). Interest income pays for the program.

7 Rural Economic Development Grants Grants made to a Utility provider. Utility provider operates and administers a revolving loan fund from the grant. Utility provider must contribute 20%. First loan is zero interest to a non-profit entity or public bodies, etc. As funds are repaid (revolved), subsequent loans are set by provider not to exceed prime.

8 Other Programs you may not be aware of for Businesses Rural Business Enterprise Grant Rural Business Opportunity Grant Rural Cooperative Development Grant Business and Industry Guaranteed Loans Cooperative Services Technical Assistance

9 Rural Community Development Initiative Undertake project in housing, community facilities and economic development in rural areas. Nationally competitive program Conduct community development programs Provide training and staffing Provide resources for professional services Travel costs associated with training

10 Rural Community Development Initiative $50,000 to $500,000, average $330,000 Dollar for dollar match. No in-kind Public or private organizations including Tribal entities can apply. Recipients of assistance can be nonprofit organizations, low income communities or federally recognized tribes.

11 Community Facilities Direct Loans & Grants Grants are available depending upon the Median Household Income (MHI) of the servicing area and location of the facility as compared with the State/National Median Household Income Grant funding is subject to available appropriated funds. Wyoming receives approximately $70,000 annually year in Community Facility Grant funds. Loans are available with interest rates determined according to service area MHI for terms of up to 40 years, depending upon the useful life of the security. Based upon repayment ability & outstanding indebtedness. THIS IS PRIMARILY A LOAN PROGRAM.

12 Water and Environmental Programs We have loans and grants for infrastructure including: Water Waste water Solid waste Preliminary Engineering Reports Approved soft costs not covered by other funding partners Road/street repair when area disturbed by pipe replacement. Community Facility loan can be leveraged with WEP loan/grant for street repair. No origination or application fee Sustainable projects

13 Water and Environmental Programs Search and Pre-development grants. Eligible entities below the poverty line or below 80% of statewide non-metropolitan median household income. These grant are to help communities with little or no resources pay for pre-development of Preliminary Engineering Report and make application for necessary projects. Other Loans and grants. Loan and grant funds are based on sound underwriting. Financial need determines grant funding for any project. Revenue Bonds are general security for water projects. These are not put out for public sale, so there is no bond rating and costs are much cheaper than public bond sales. Guaranteed loans work directly with local lenders.

14 Things to Remember in all programs We will PARTNER with anyone. There is no penalty for early payoff Our expertise is free, as is our application process. If you deem this is a necessary project for your community or business and it s legal we will fund all or part of the project based on your needs.

15 Other things to remember We underwrite projects that are sustainable for the long haul. 0% delinquency in Wyoming under the CF/WEP programs. We can build a small town from the ground up, including businesses, infrastructure, housing, and community facilities. If you don t have housing you are limiting your employee pool. Our housing loans have less than a 6% delinquency rate because of good underwriting by local lenders and RD Staff.

16

17 Business & Industry Programs Sheridan Office Debra Anderson, Area Specialist Energy Coordinator ext. 106 Casper, State Office: William Cownover, State Office Specialist Laurie Anderson, State Office Technician Tim Brooks. Acting B & I Program Director WEP/ CF Programs Torrington Area Office: Deborah Dunn, Area Specialist Eric Boyer, Area Specialist Brenda Allen, Area Specialist Lorraine Werner, Area Director ext 4 Casper, State Office: Todd Hebert, State Office Specialist Alana Cannon, Community Programs Director

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