The U.S. Department of Agriculture on Monday announced that it has awarded $31 million in loans and grants to 38 projects in 12 states to promote rural economic development. Agriculture Secretary Tom Vilsack said in a statement: "These infrastructure investments will help rural residents start or expand businesses. The funds can be used for a wide range of needs. They can help businesses increase production and manufacturing capacity and can even help rural homeowners save money by making their homes more energy efficient."
Grants and loans were awarded to organizations in Iowa, Illinois, Indiana, Kansas, Minnesota, Missouri, Mississippi, North Carolina, New Mexico, South Carolina, South Dakota and Tennessee. For a complete list of loans and grants, click here.
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