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Serving: IA
Rural Development Funds Released

Rural Development Funds Released

Business grants will help invest in small towns.

USDA Rural Development has announced 61 awards that will benefit 45 states, the Western Pacific region and the commonwealth of Puerto Rico as those areas seek to create economic and job opportunities in rural areas by ensuring that strategic investments are made in small towns and cities. The grants are made available under the Rural Business Enterprise Grant program.

In making the announcement, USDA Under Secretary Dallas Tonsager said - rural businesses drive community revitalization by providing products and services to local residents as well as throughout the country and world. Tonsager noted, - projects like these spur important economic development and strengthen communities across the nation.

For example, Kentucky Highlands Investment Corporation in Laurel, Kentucky will receive a $499,000 grant; and in Cass, Iowa, the Southwest Iowa Planning Council has been selected to receive a $95,000 grant. Both will establish a revolving loan fund to assist small and emerging private businesses.

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