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Notably, the bill would reauthorize and modernize the Rural Cooperative Development Grant program through FY2031. The provision, based on the Strengthening Rural Cooperatives and Communities Act, would streamline multi-year grants for cooperative development centers with a demonstrated track record of success.
Other changes include allowing under-serviced and rural applicants to better compete within the program by removing barriers such as “scoring on a curve” within program match requirements, as well as directing the Interagency Working Groups on Cooperative Development to analyze data on co-ops from the Economic Census and submit annual reports on findings.
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