The mission of the Rural Business-Cooperative Service (RBS) is to enhance the quality of life for all rural Americans by providing leadership in building competitive businesses and sustainable cooperatives that can prosper in the global marketplace.
The Rural Energy for America Program (REAP) has been set up to provide financial support for the development and implementation of renewable energy projects and energy efficiency improvements. This initiative, backed by the Rural Business-Cooperative Service, aims to distribute $1.055 billion from the Inflation Reduction Act funds across six quarterly cycles by September 30, 2024. The grant covers up to 50 percent of project costs and emphasizes support for underutilized renewable energy technologies and projects that align with Administration priorities.