The U.S. Department of Agriculture today announced the availability of $600,000 in Business Builder Grants to provide financial assistance for small and mid-sized farm and food businesses with projects focused on regional needs. The funding, provided through USDA’s North Central Regional Food Business Center, is available to fund projects in Minnesota, North Dakota and South Dakota, and will provide access to capital needed to launch and expand businesses while working to build income streams or identify needed investors.
In May 2023, USDA awarded $360 million to finalists to establish 12 USDA Regional Food Business Centers and a National Intertribal Food Business Center to provide essential local and regional food systems coordination, technical assistance, and capacity building. These Centers assist small and mid-sized producers and food and farm businesses with the goal of creating a more resilient, diverse, and competitive food system. The North Central Regional Food Business Center, led by the Region Five Development Commission, focuses on expanding this in Minnesota, North Dakota, and South Dakota.
The USDA North Central Regional Food Business Center has allocated a total of $3 million for their Business Builder program. The North Central Business Builder program will accept proposals for this funding in the spring of each year of the five-year program for subawards of up to $50,000 each. This is a competitive award opportunity with no match required. The Center’s network of contracted technical assistance providers offers application support services to eligible entities seeking to apply.
“The Regional Food Business Centers are a cornerstone of USDA’s food system transformation efforts, serving to help farmers, ranchers, and other food businesses access the resources and technical assistance they need to access new markets,” said USDA Under Secretary for Marketing and Regulatory Programs Jenny Lester Moffitt. “The Center’s Business Builder Grant program will empower the region’s small and mid-sized farmers and food businesses to launch and expand their operations by establishing new revenue streams and gaining investors. This program is crucial to achieving the vision the Biden-Harris Administration and USDA has of a food system that fosters opportunities for regional food businesses and rural economies.”
The North Central Business Builder Grant program will prioritize:
- Groups or consortiums of small to mid-sized local foods value chain businesses;
- Those seeking to expand markets to institutions;
- Those meeting a specific market bottleneck or meet regional action plan goals;
- Applicants within or serving areas within the states’ zip codes identified as distressed; and
- Geographic distribution of awards across the 3-State region.
The North Central Regional Food Business Center is accepting applications for this funding through April 30, 2024. For more information on eligibility and how to apply, visit the North Central Regional Food Business Center website.
USDA news release
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