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Rural Cooperative Support: New Grants and Rules for Community Development

This act extends the rural cooperative development grant program until 2028, offering more opportunities to support local businesses and initiatives. It focuses on assisting vulnerable and underserved communities, potentially improving access to services and jobs in rural areas. Citizens can expect better access to resources and support for local ventures.
Key points
The rural cooperative development grant program will be reauthorized until 2028, ensuring long-term support.
Increased focus on assisting socially vulnerable, underserved, or distressed communities, potentially benefiting residents in these areas.
New grant application scoring criteria will prioritize projects that support these communities.
A definition of 'cooperative development' is introduced, covering outreach, education, training, and technical assistance for new and existing cooperatives.
An annual reporting requirement to Congress on the working group's activities will enhance transparency and accountability.
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Additional Information
Print number: 118_HR_6661
Sponsor: Rep. Caraveo, Yadira [D-CO-8]
Process start date: 2023-12-07