WASHINGTON, Oct. 24, 2014 - Agriculture Secretary Tom Vilsack (click here) today announced the selection of 43 organizations in 27 states for grants and loans to help create jobs and boost economic development activity in rural areas. The announcement culminates a week in which the department has been highlighting products that are Made In Rural America.
"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," Vilsack said. "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."...
USDA's Intermediary Relending Program helps capitalize loan funds to alleviate poverty and increase economic activity and create jobs in rural communities. Loans are provided to local organizations that establish revolving loan funds....
From the time President Obama took office he has worked to improve the circumstances of rural communities to bring about opportunity. Opportunity is a requirement to citizens of the USA.
...Since fiscal year 2009, USDA has awarded 281 IRP loans for approximately $140 million. These loans have helped more than 4,700 businesses.
President Obama's historic investments in rural America have made our rural communities stronger. Under his leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities.
