Skip Navigation
You Are In: Policy News > U.S. Grants > Economic Development
Skip Left Section Navigation

U.S. Grants

U.S. Economic Development Grants To The FSM

Compact Private Sector Development Sector Grant

Supports efforts to attract foreign investment and increase local business activity by revitalizing the commercial environment, ensuring fair and equitable application of the law, promoting fair labor standards, and encouraging privatization of state-owned enterprises and other reforms.

    Funding source:

    Department of Interior

    FY2006 Funding:

    $4,039,163

    FY2007 Funding:

    $1,011,048

Research-Smith Lever Act

Promotes economic, agricultural, social, health, safety, and environmental progress through an educational process grounded in scientific knowledge.

    Funding source:

    U.S. Department of Agriculture

    FY2006 Funding:

    $437,525

Historic Preservation and Archives

Helps the FSM Historic Preservation Offices develop, protect, and preserve the FSM's culture and historic heritage.

    Funding source:

    U.S. Department of Interior (National Park Service)

    FY2006 Funding:

    $306,000

Land Grant-Hatch Act

Promotes national breakthroughs in food and agricultural sciences. Seeks to expand agricultural research programs.

    Funding source:

    U.S. Department of Agriculture

    FY2006 Funding:

    $209,332

Business Development Centers

Provides assistance with record keeping and finance to prospective business owners and established businesses.

    Funding source:

    U.S. Small Business Administration

    Chuuk FY2006 Funding:

    $48,000

    Kosrae FY2006 Funding:

    $20,000

    Yap FY2006 Funding:

    $38,000

Land Grant-Instruction

Supports continuing agricultural research at colleges. Promotes efficient production, marketing, distribution, and utilization of farm products.

    Funding source:

    U.S. Department of Agriculture

    FY2006 Funding:

    $51,754