| Agency overview | |
|---|---|
| Formed | 1994 |
| Headquarters | USDA Headquarters, 1400 Independence Ave SW, Washington, D.C. 20228 |
| Annual budget | $1.773 Billion |
| Agency executives |
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| Parent agency | USDA Rural Development |
| Website | https://www.rd.usda.gov/about-rd/agencies/rural-business-cooperative-service |
The Rural Business-Cooperative Service (abbreviated as "RBS") is one of three agencies within USDA Rural Development (along with the Rural Housing Service and Rural Utilities Service) responsible for administering various economic development programs to rural communities in the United States and its territories. Because these three agencies are closely aligned, they are commonly referred to as the USDA Rural Development, Business & Cooperative Programs.
The mission of the RBS is to enhance the quality of life for rural Americans by providing leadership in building competitive businesses including sustainable cooperatives that can prosper in the global marketplace.
The organization meets these goals by:
- Investing financial resources and providing technical assistance to businesses and cooperatives located in rural communities.
- Establishing strategic alliances and partnerships that leverage public, private, and cooperative resources to create jobs and stimulate rural economic activity.
In addition to supporting rural business, economic, and cooperative development, the Agency has become increasingly involved in renewable energy and value-added agriculture since the enactment of the 2002 Farm Bill.