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Rural Business Investment Program (RBIP)The 2002 Farm Bill created the new Rural Business Investment Program (RBIP), designed to promote developmental venture capital investments in smaller enterprises located in rural areas. Click here for definitions of those terms.
On October 31, 2003 officials of the U.S. Department of Agriculture (USDA) and the U.S. Small Business Administration (SBA) signed a collaborative agreement to implement RBIP. Under the agreement, USDA will enlist SBA's expertise in venture capital financing and will reimburse SBA for carrying out the day-to-day management and operation of the program.
CDVCA has created a Rural Working Group to address issues related to RBIP. To join this working group, please emai info@cdvca.org.
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