Applications for grants to help rural cooperatives develop new markets due in July 2013 

June 3: The U.S. Agriculture Department is accepting grant applications from qualified non-profit organizations and educational facilities to help rural cooperatives develop new markets for their products and services.
  • The deadline for paper applications is July 15, 2013.
  • Electronic copies are due July 10, 2013.

According to the USDA announcement, rural cooperative development grants (RCDG) are being offered to non-profit corporations and institutions of higher education. The grants may be used to conduct feasibility studies, create business plans, help rural cooperatives develop markets, and provide training for cooperative leadership.


Grants are to be awarded competitively on an annual basis to Rural Cooperative Development Centers, which in turn provide technical assistance to individuals and cooperatives. The USDA may award up to $6.5 million in grants.


Individual grants of up to $200,000 are available. Grants may be used to pay for up to 75% (95% when the applicant is a 1994 Land Grant Institution) of the project's cost. Recipients are required to match 25% (5% for 1994 Land Grant Institutions) of the award amount.


For more information, contact KPMG’s National Director of Cooperative Tax Services:


David Antoni, in Philadelphia

(267) 256-1627


Or Associate National Director of KPMG’s Cooperative Tax Services


Brett Huston, in Sacramento


(916) 554-1654




©2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

Subscribe

Current and future KPMG clients may subscribe to TaxNewsFlash email alerts.


Email your contact information.

TaxNewsFlash-Cooperatives by year