The Rural Maryland Prosperity Investment Fund (RMPIF) Grant (MD)

The Rural Maryland Prosperity Investment Fund (RMPIF) Grant aims to enhance living standards in rural areas of Maryland by 2030. The Fund supports targeted investments in economic and community development initiatives, fostering regional cooperation and leveraging additional resources. Key objectives include boosting entrepreneurship, reducing unemployment, preserving agricultural land, and improving essential infrastructure such as housing and broadband services. This initiative is vital for promoting the overall well-being of rural communities across the state.

Overview
The objective of the Rural Maryland Prosperity Investment Fund is to help raise the overall standard of living in rural areas to a level that meets or exceeds statewide benchmark averages by 2030 while preserving the best aspects of a pastoral heritage and rural way of life. Resources provided to the Fund are designed to facilitate significant targeted investments in important economic and community development programs and promote regional and intergovernmental cooperation. These investments will also enable local and regional public and nonprofit organizations to leverage additional non-state financial and human resources to facilitate the realization of sustainable rural development objectives.
The Fund will serve the interests of the entire State by:
Encouraging the increase of entrepreneurial activity and commerce and a balanced economy in the State;Relieving conditions of unemployment and underemployment in rural areas;
Assisting in the retention of valuable farm and forest land for productive use by present and future generations;Promoting intergovernmental cooperation and public sector/private sector partnerships in and between rural and other areas;Enhancing the deployment of housing, transportation, water, wastewater, and broadband communications infrastructure and services in rural areas;Supporting rural commercial center redevelopment and community revitalization efforts; and
Generally promoting the health, happiness, safety, employment opportunity, and general welfare of the residents of each of the rural counties and municipal corporations of the State
Funding
There is no maximum grant amount designation; however, the Board is optimally looking to fund up to seven to eight infrastructure projects.