Rural Development Finance Resource Center
Rural communities often require specialized financing tools and programs to support their unique development needs. Many federal, regional, and state agencies exist to support rural development finance, especially for projects related to agribusiness, broadband development, energy assistance, and value-added business assistance.
CDFA's Rural Development Finance Resource Center provides information about how the development finance toolbox can be structured to support rural communities and help them with strategies to invest in infrastructure, redevelopment, and job creation. Resources showcase successful programs that are working throughout rural America in communities with varying levels of capacity and size.
Additional support is available to rural communities through the
CDFA Community Facilities Technical Assistance Program. Funded by the USDA, this program includes resources accessible to every rural community, a Rural Finance Toolkit, and targeted technical assistance support to rural communities.
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-Understanding Rural Finance
Want to learn more about rural financing? CDFA has collected many resources to help you understand the complexities of rural finance.
USDA Programs in the Local Food Supply Chain
The U.S. Department of Agriculture (USDA) is committed to supporting robust regional food economies across the food chain. This graphic is designed to be a guide for which programs are best suited for different parts of the supply chain.
California Rural Infrastructure Finance Guidebook
CALED knows from its work supporting economic development throughout California that infrastructure financing is a challenge for many rural communities. CALED collaborated with CDFA to develop this guidebook to meet the need for a resource to help build capacity in those areas, as well as move economic development projects forward.
Community Facilities Infrastructure Toolkit
The Community Facilities Infrastructure Toolkit can be used as a guide to help organizations and community leaders better understand the complex process that is required to successfully develop and construct a new facility. The Toolkit outlines the major capacity, credit, and logistical challenges that particularly confront America’s small towns and rural areas. The Community Facilities Infrastructure Toolkit contains sections on concept development, planning, designing, environmental compliance, finance, and construction.
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-Aggie Bonds
Resilience in New Mexico Agriculture Strategic PlanMembers only 
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The Resilience in New Mexico Agriculture Strategic Plan provides broad recommendations are coupled with specific, actionable strategies. The implementation of this plan is critical to achieving greater agricultural and natural resource resiliency, as well as a secure future for the generations of farmers and ranchers to come.
California Rural Infrastructure Finance Guidebook
CALED knows from its work supporting economic development throughout California that infrastructure financing is a challenge for many rural communities. CALED collaborated with CDFA to develop this guidebook to meet the need for a resource to help build capacity in those areas, as well as move economic development projects forward.
Maximizing Rural Opportunities for Businesses and Communities in WisconsinMembers only Login
Urban communities like Milwaukee and Madison are not the only places looking for help to fund economic development. Wisconsin is filled with rural communities and small towns who are also in need of financing strategies. These areas face unique development financing challenges and needs such as downtown revitalization and talent and business development. Barb LaMue with the Wisconsin Economic Development Corporation explores the cutting-edge strategies driving development in the state, and how to access them.
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-Agriculture Finance
Resilience in New Mexico Agriculture Strategic PlanMembers only Login
The Resilience in New Mexico Agriculture Strategic Plan provides broad recommendations are coupled with specific, actionable strategies. The implementation of this plan is critical to achieving greater agricultural and natural resource resiliency, as well as a secure future for the generations of farmers and ranchers to come.
COVID-19 Federal Rural Resource Guide
USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak. This resource matrix organizes funding opportunities identified in the CARES Act and other federal resources that can help support rural America.
California Rural Infrastructure Finance Guidebook
CALED knows from its work supporting economic development throughout California that infrastructure financing is a challenge for many rural communities. CALED collaborated with CDFA to develop this guidebook to meet the need for a resource to help build capacity in those areas, as well as move economic development projects forward.
Maximizing Rural Opportunities for Businesses and Communities in WisconsinMembers only Login
Urban communities like Milwaukee and Madison are not the only places looking for help to fund economic development. Wisconsin is filled with rural communities and small towns who are also in need of financing strategies. These areas face unique development financing challenges and needs such as downtown revitalization and talent and business development. Barb LaMue with the Wisconsin Economic Development Corporation explores the cutting-edge strategies driving development in the state, and how to access them.
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-Rural Business Finance
Enhancing Local Workforce Development and Building for the Future
Automation, shifting demographics, COVID-19 and increased telework opportunities are reshaping the workforce landscape amid shifting industry needs. Counties, through local and regional partnerships and workforce development boards, are working with public, private, and nonprofit partners to help train job seekers and connect them with local employers.
Key Factors and Strategies for Urban and Rural CommunitiesMembers only Login
Through data analysis supported by stakeholder interviews and case studies, this research from the National League of Cities identifies factors that support local engagement in regional economies, how these factors vary for urban and rural places, and whether the benefits of economic connectivity are equitably distributed among places and people in regions.
USDA Resource Guide for Rural Workforce DevelopmentMembers only Login
This guide was created by the USDA in 2021 for community leaders and other local entities. The guide highlights four key assistance types necessary to building a stronger rural workforce: 1) Workforce development planning; 2) Infrastructure and equipment financing; 3) Industry and employer engagement, entrepreneurship, and local business development; and 4) Education, training, and apprenticeship.
Summary of State and Local Funding Sources in the American Rescue PlanMembers only Login
This table includes all the federal-to-local funding streams in the American Rescue Plan that reach cities and their residents. It does not include appropriations to Tribal Governments or Agency appropriations focused on program operations at the federal level with no further sub-allocation. It is a dynamic summary to be paired with the Federal Investment Guide produced by Accelerator for America, Drexel University, and the US Conference of Mayors.
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-Rural Energy Program
COVID-19 Federal Rural Resource Guide
USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak. This resource matrix organizes funding opportunities identified in the CARES Act and other federal resources that can help support rural America.
California Rural Infrastructure Finance Guidebook
CALED knows from its work supporting economic development throughout California that infrastructure financing is a challenge for many rural communities. CALED collaborated with CDFA to develop this guidebook to meet the need for a resource to help build capacity in those areas, as well as move economic development projects forward.
Financing Programs to Support Rural Development- USDAMembers only Login
Urban communities like Atlanta and Savannah are not the only places looking for help to fund economic development. Georgia is filled with rural communities and small towns that are also in need of financing strategies. These areas face unique development financing challenges and needs such as downtown revitalization, food systems, infrastructure and energy finance. A number of creative and important financing tools exist to assist rural and small town development, Evette Jones from U.S. Department of Agriculture discusses explores the cutting-edge strategies driving development in the state, as well as important programs that have been cut.
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-State Rural Financing Program
California Rural Infrastructure Finance Guidebook
CALED knows from its work supporting economic development throughout California that infrastructure financing is a challenge for many rural communities. CALED collaborated with CDFA to develop this guidebook to meet the need for a resource to help build capacity in those areas, as well as move economic development projects forward.
NMEDD - Economic Development Innovation Task Force ReportMembers only Login
In 2019, the Governor signed House Memorial 16 directing the Economic Development Department (NMEDD) to bring together stakeholders and convene an Economic Development Innovation Task Force to spur collaboration and innovative discussions on methods to create new economic development concepts and ideas to enhance New Mexico's economy. This report is the result.
Available CFA Resources - New York Regional Economic Development CouncilsMembers only Login
In 2011, Governor Cuomo created ten Regional Economic Development Councils (REDC) and the Consolidated Funding Application (CFA) to advance the administration’s efforts to improve New York’s business climate and expand economic growth. This 2019 document outlines information about each agency’s grant programs, including eligibility, scoring criteria, applicant requirements, and agency contact information.
Development in Eastern KentuckyMembers only Login
In August, the Kentucky Energy and Environment Cabinet announced three grants worth $5 million to spur economic development and job creation in Eastern Kentucky. How might these grants be used locally and are there opportunities for leveraging this for further financing and capital? Bob Scott from the Division of Abandoned Mine Lands discusses the allocation of these funds as well as their impact on the region.
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-Case Studies
Community Investment Explorer Tool 2.0Members only Login
Developed by the Federal Reserve Bank of St. Louis, the newly enhanced Community Investment Explorer (CIE) 2.0 includes over 73 million transactions totaling over $3.2 trillion in community and economic development capital from 2012 to 2020. This interactive tool allows users to find out where capital is going, how equitably is it being distributed, and for what purpose is it serving.
USDA Resource Guide for Rural Workforce DevelopmentMembers only Login
This guide was created by the USDA in 2021 for community leaders and other local entities. The guide highlights four key assistance types necessary to building a stronger rural workforce: 1) Workforce development planning; 2) Infrastructure and equipment financing; 3) Industry and employer engagement, entrepreneurship, and local business development; and 4) Education, training, and apprenticeship.
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-Training Courses
Intro Rural Finance Course
The Intro Rural Finance Course focuses on how the development finance toolbox can be structured to support rural communities and help them with strategies to invest in infrastructure, redevelopment, and job creation. This course differs from other curriculums in that it focuses on designing programs targeted to serve rural communities.
Fundamentals of Economic Development Finance Course
CDFA's Fundamentals of Economic Development Finance Course is the foundation for all of CDFA’s educational offerings. This course helps attendees understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.
SSBCI Learning Series - Module III
The third module of the SSBCI Learning Series will cover Collateral Support Program and Loan Participation Program. It will also discuss insights on engaging financial institutions and FinTech, as well as strategies for meeting the needs of SEDI Businesses, Very Small Businesses, Rural Businesses, and Tribal Businesses.
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-Upcoming Events
Fundamentals of Economic Development Finance Course
January 26-27, 2022
Daily: 12:00 - 5:00 PM Eastern
CDFA's Fundamentals of Economic Development Finance Course is the foundation for all of CDFA’s educational offerings. This course helps attendees understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.
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-Webcasts
Enhancing Local Workforce Development and Building for the Future
Automation, shifting demographics, COVID-19 and increased telework opportunities are reshaping the workforce landscape amid shifting industry needs. Counties, through local and regional partnerships and workforce development boards, are working with public, private, and nonprofit partners to help train job seekers and connect them with local employers.
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