Missouri Research Corporation Receives Two Grants from USDA Rural Development

Photo of the Innovation Center

The USDA Rural Development announced that Missouri Research Corporation will receive two grants for the coming fiscal year.

CAPE GIRARDEAU, Mo.,

Sept. 19, 2007 – The USDA Rural Development announced that Missouri Research Corporation will receive two grants for the coming fiscal year.  The grants are under the Rural Business Enterprise Grant (RBEG) and Rural Business Opportunity Grant (RBOG) programs. 

The grants will directly benefit rural entrepreneurs and small communities in a 19-county region.  The RBEG grant is for $87,500 for expanded outreach technical assistance to help more small business owners with business planning, loan packaging and other business challenges.  The RBOG grant is for $50,000 for leadership and community economic development training in southeast Missouri.

Bill Vickery, director of the Small Business Development Center and director of entrepreneurship for the Innovation Center, will oversee the technical assistance grant. 

“We are excited about receiving these grants,” he says. “They will allow us to continue and even expand assistance to aspiring entrepreneurs and existing business owners through our proven training programs.”

Dennis Roedemeier, chief executive officer of Missouri Research Corporation, will direct the Community Leadership Initiative. He says the program will have a significant impact on entrepreneurship.

“We are now beginning to receive the resources necessary to promote an aggressive entrepreneurship program in Southeast Missouri,” he said. “These grants are a recognition by USDA that developing entrepreneurship is critical to rural Missouri.  We can no longer rely on chasing smokestacks and luring in one creator of jobs only to lose one somewhere else.  Development of entrepreneurship is a true win for the economy and Missouri’s families.”

USDA Rural Development has locations in all 50 states and exists to offer a variety of grants and loans to enhance economic opportunity and improve the quality of life in rural America.  Greg Branum is the state director.  Local offices in Jackson, Mo., and Dexter, Mo., assisted Missouri Research Corporation in applying for the grants.