Rural Feasibility Study Grant
The purpose of the Rural Feasibility Study Grant Program is to fund feasibility studies that may result in economic development and improved community assets for rural areas in Compeer’s 144-county territory in Illinois, Minnesota and Wisconsin. This grant program underscores our dedication to rural communities and ensuring a strong future in rural America.
Eligible feasibility studies may include:
- Market research
- Cost analysis
- Financial projections
- Assessment of suitable facilities, equipment, etc.
- Development of a business plan
Feasibility Study Grants will not support the purchase of equipment, or the costs of product research and development. Projects should be completed within one year of accepting the grant.
Qualifications
- Project must be located in Compeer’s 144-county territory in Illinois, Minnesota or Wisconsin.
- Eligible applicants include non-profit organizations, educational institutions and state, county, local or tribal governments serving rural areas.
- Projects will need to meet an economic development or sustainability objective and, if implemented, will create new, permanent jobs that result in the economic development of a rural area.
- Proposal should include a basis for determining the success or failure of the project, individual major elements of the project, and outlines procedures that will be taken to assess the project’s impact at its conclusion.
- Grant recipients are required to submit a final report noting progress toward goals and tasks or deliverables, and a copy of the completed study.
Funding
Grants are available up to $5,000 per project.
- Requests may be partially funded.
- Funds are not for debts already incurred.
Applications will be accepted year-round, or until all funds are awarded for the calendar year. Funding is currently available.
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Questions? Contact [email protected] or call 844-426-6733.