The U.S. Department of Agriculture announced today that 43 non-profit organizations and higher learning institutions in 27 states have been awarded between $71,998 to $1 million in grants and loans to help create jobs and boost economic development in rural areas.
Agriculture Secretary Tom Vilsack said in a statement: "Many rural businesses and organizations are succeeding but with access
to additional resources, can create more jobs, promote growth and create
an environment where more products can be made in rural America. The awards we are announcing today will not only provide
funding, but they also will provide the critical training and technical
assistance rural cooperatives and non-profit groups need to enhance the
work they are doing to strengthen America's Main Street businesses."
Funding is through the USDA's Rural Cooperative Development Grant (RCDG) program and the Intermediary Relending Program, says USDA. "The funding can be used to conduct feasibility studies, create and
implement business plans, offer technical assistance, establish
low-interest loans and help rural businesses develop new markets for
their products and services." (Read more)
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