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Rural Feasibility Study Grant Program

Compeer Financial
Applications accepted on an ongoing basis

Melanie Olson


The Rural Feasibility Study Grant Program awards funding for feasibility studies that will result in economic development in rural areas of Illinois, Minnesota, and Wisconsin, including feasibility studies for healthcare organizations.

Activities may include:

  • Market research
  • Cost analysis
  • Financial projections
  • Assessment of suitable facilities or equipment
  • Development of a business plan

Nonprofit organizations serving rural areas, educational institutions, and state, county, local or tribal governments are eligible to apply.

Applicants must be located in the Compeer Financial Local Service Area.

Geographic coverage
Illinois, Minnesota, and Wisconsin
Amount of funding

Award ceiling: $5,000
Award floor: $1,000
Estimated total program funding: $105,000

Application process

Submit a proposal addressing the application criteria listed in the application instructions to:

Melanie Olson
Compeer Financial Rural Feasibility Study Grant Program
21088 Keswick Loop
PO Box 1219
Lakeville, MN 55044

Applications will be accepted until all funds are awarded for the current calendar year.

Tagged as
Community and economic development · Healthcare facilities · Needs assessment methods and resources · Planning and strategy methods and resources · Illinois · Minnesota · Wisconsin

For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.