Washington D.C., Oct 26, 2011 -- Agriculture Secretary Vilsack Announces Economic Development Funding To Create Jobs in Rural Communities in 26 States
WASHINGTON, October 26, 2011 – Agriculture Secretary Tom Vilsack today announced the selection of 36 organizations in 26 states and the District of Columbia for grants to help rural cooperatives and small businesses expand, create jobs and strengthen their capacity to serve rural citizens and communities.
“These grants help cooperatives support local projects and initiatives that create jobs and improve rural economic conditions,” Vilsack said. “As we celebrate National Cooperative Month, USDA is proud to continue its support of local and regional efforts to bolster these cooperatives and help them bring increased value and economic opportunity to rural residents.”
The grants are being provided through USDA Rural Development’s Rural Cooperative Development Grant program. Under this program, grants of up to $225,000 may be awarded to colleges, universities and non-profit groups to create and operate centers that help individuals or groups establish, expand or operate rural businesses, especially cooperatives and mutually-owned businesses. Grants may be used to conduct feasibility studies, create and implement business plans, and help businesses develop new markets for their products and services. Rural Housing Service Administrator Tammye Treviño announced the recipients on behalf of Secretary Vilsack.
For example, Keystone Development Center in Pennsylvania received the maximum $225,000 grant to support the formation and sustainability of rural based cooperatives.
Vilsack announced more than $7.9 million in economic development loans and grants today. A complete list of projects that were selected for funding is below. Funding for each project is contingent upon the recipient meeting the terms of the grant agreement.
Since taking office, President Obama’s Administration has taken significant steps to improve the lives of rural Americans and has provided broad support for rural communities. The Obama Administration has set goals of modernizing infrastructure by providing broadband access to 10 million Americans, expanding educational opportunities for students in rural areas, and providing affordable health care. In the long term, these unparalleled rural investments will help ensure that America's rural communities are repopulating, self-sustaining and thriving economically.
USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. Rural Development has an active portfolio of more than $155 billion in affordable loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call (800) 795-3272 (voice), or (202) 720-6382 (TDD).