The Rural Economic Revitalization Program focuses on developing indigenous small businesses, utilizing existing resources, and providing financing for certain types of agribusiness endeavors. The program authorizes financial and technical assistance targeted to community economic development activities in New York's rural communities.

Administered by Empire State Development, components of the new Rural Economic Revitalization Program will include:

• Rural Revitalization Assistance Grants. The Rural Revitalization Grants provide matching funds of up to $100,000 not-for-profit corporations, public benefit corporations, agricultural cooperative corporations and educational institutions serving rural areas for grassroots assistance for value-added agribusinesses and small business development and growth in rural areas.
• Rural Enterprise Extension Services. Extension services would offer up to $50,000 to existing providers of technical assistance services (on a matching basis), enabling them to hire circuit riders to reach small businesses in sparsely populated rural areas.
• Agricultural job training assistance for farm workers
• Grants to establish or expand farmers' markets
• Grants to establish incubator facilities for rural entrepreneurship
• Agricultural Industry Competitive Assistance loans, loan guarantees and interest subsidy grants