Billions Announced to Help Rural Businesses

Billions Announced to Help Rural Businesses

Also more funding for community facilities projects.

Secretary of Agriculture Tom Vilsack announced that USDA is accepting applications for up to $1.7 billion in funding through the American Recovery and Reinvestment Act for projects to help create business activity and economic growth in rural communities. Vilsack said the funds will help businesses get access to the capital they need to launch and expand their businesses and help bring additional jobs to America's small cities and towns. Applications will be accepted until Sept. 15, 2010 or until all funds are spent. More information can be found at www.rurdev.usda.gov or by contacting your state Rural Development office.

 

Vilsack also announced the selection of $58.1 million in community facilities projects being funded through the American Recovery and Reinvestment Act. Nearly $179.6 million in funding has been announced since February. Vilsack said rural communities are important to the life blood of the nation and the Obama administration is committed to keeping them strong by providing funding for facilities such as day care centers, public buildings and community centers that improve the quality of life in these communities.

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