Rural Entrepreneurship, Agricultural, Workforce, and Cooperative Development in Maryland

The Rural Maryland Prosperity Investment Fund (RMPIF) aims to elevate the standard of living in rural Maryland to or beyond statewide averages by 2030, while simultaneously preserving the unique cultural heritage and rural way of life. The fund, overseen by the Rural Maryland Council, provides targeted investments in economic and community development programs. This aligns with a broader mission to encourage entrepreneurial activity, foster a balanced economy, and relieve unemployment and underemployment in rural areas, ultimately promoting the overall health and welfare of rural residents across the State. RMPIF targets all rural counties in Maryland, benefiting local governments, higher education institutions, regional councils, and 501(c)(3) nonprofit organizations serving rural constituencies. The core impact goal is to facilitate sustainable rural development by enabling these organizations to leverage additional non-state resources. Key priorities include the retention of valuable farm and forest land, promotion of intergovernmental and public-private partnerships, enhancement of essential infrastructure (housing, transportation, water, wastewater, broadband), and support for rural commercial center redevelopment and community revitalization efforts. The program's expected outcomes include increased entrepreneurial activity and commerce, a reduction in unemployment and underemployment, the productive use of farm and forest land, and improved infrastructure and services in rural areas. Measurable results for Fiscal Year 2025 include a State budget of $1,500,000 in General Funds specifically allocated for the entrepreneurship portion of the RMPIF program. The fund's theory of change posits that strategic investments and collaborative efforts will lead to a more prosperous, sustainable, and equitable future for rural Maryland, directly contributing to the well-being and economic stability of its residents. Eligible expenditures for RMPIF include salaries and wages, administrative costs (construction, leasing, renovation of buildings, purchase/rental of vehicles, equipment), and reasonable meal costs with justification. Administrative expenses, however, are capped at 25% of the grant request, and indirect administrative costs at 10%. Acquisition of land is not an eligible expense. Applicants are strongly encouraged to include a statement on sustainability for future years, ensuring the long-term impact and viability of the funded initiatives.