In this issue you can read about many of the funding opportunities available in the federal stimulus bill. Tapping these programs at the local and regional level can provide new opportunities for rural community revitalization, but the key to unlocking the full potential of the stimulus bill is creative and innovative uses of the available funds.

Projects that help communities to foster entrepreneurship and develop natural and cultural assets will stimulate the economy today and for many years into the future. For example, the Community Facilities Grants Program (see feature article) could be used to establish small business incubators in rehabilitated buildings on rural mainstreets. These facilities could support business startups by current or new residents – including internet-based businesses that serve markets beyond the local community.

Most small towns have underused historic buildings that are deteriorating because of declining retail business prospects. Leveraging stimulus funds to save these buildings ensures that the community retains the historic, cultural and economic benefit they provide. At the same time, putting these buildings to use incubating a new generation of small businesses will create jobs and help attract and retain residents.

An increase in funding for hiking trails is available through stimulus funds administered through the Department of Transportation. Many rural communities have close proximity to natural areas that could serve as a critical part of creating more attractive rural lifestyles. Ironically, these assets are often inaccessible to the community. Working in cooperation with local landowners, rural communities could tap federal funds to support trails for creative projects that increase the attractiveness of their community.

Similar opportunities exist for innovative applications of funds available from the Department of Energy for energy efficiency, through funds available for rural broadband infrastructure and adoption and rural housing programs.

Communities that are able to package different grant programs in innovative ways will reap the full advantage of stimulus funding.

Rural communities should also partner with other local governmental agencies as well as local nonprofits as they look to access immediately available stimulus funds as well when working on future grant opportunities. A town of 1,000 or 2,000 may not always have the staff to independently compete for multiple grant programs. Working in coalition with others can help even limited resource communities access grant opportunities.

Contact: Brian Depew, briand@cfra.org or 402.687.2103 x 1015 for more information.