$300M set aside for Strategic Economic and Community Development funds

Apr 12, 2016 | News & Views, What's New

Funding Opportunity-Strategic Economic and Community Development: 2014 Farm Bill provision sets aside funding to help communities implement their multi-jurisdictional plans

The U.S. Department of Agriculture announced a new Rural Development funding opportunity authorized by Section 6025 of the 2014 Farm Bill called Strategic Economic and Community Development.SECD supports rural communities engaged in regional planning efforts. Many federal agencies have regional planning programs and SECD can provide funds for implementation.

SECD prioritizes projects that support the implementation of multi-jurisdictional plans by setting aside up to 10 percent of annual appropriations for these purposes under the Community Facilities Program,Water and Waste Disposal Program, Business and Industry Loan Guarantee Program, and Rural Business Development Grant Program. In FY16, SECD set-asides total more than $300 million. SECD set-asides must be obligated by June 30of each fiscal year. See attached SECD fact sheet for more information.

Many communities are already working together to develop multi-jurisdictional plans with the help of strategic partners including non-profit organizations, institutions of higher education, university extensions, regional authorities, coalitions of counties/towns and federal special initiative coalitions such as: Stronger Economies Together, Promise Zones, Comprehensive Economic Development Strategy, Investing in Manufacturing Communities Partnerships, Sustainable Communities and Local Food, Local Places. The USDA encourages these groups and others to apply for SECD and spread the word on this exciting new opportunity!

The goal of SECD is to support communities working across jurisdictions to align resources, develop long-term community and economic growth strategies and engage federal, state and local partners. By promoting this regional focus, USDA resources across Rural Development agencies and programs can be more effectively utilized and have a larger impact on rural capacity building and wealth creation.