Assistance Program A Tool For Rural Entrepreneurs
June 24, 2021
Small business entrepreneurship is a key source of job creation for rural counties. These businesses generate economic activity that can multiply throughout the community.
But they also face many challenges, including difficulty in accessing capital and acquiring training for business planning and financial management.
The U.S. Department of Agriculture’s Rural Microentrepreneur Assistance Program (RMAP) aims to address these challenges.
These same organizations can also make small loans of up to $50,000 to each rural business they assist.
In 2019, 95 community organizations in 32 state...