USDA Logo Rural Development Logo USDA Rural Development Main Masthead
SpacerHomeDividerAbout RDDividerNewsroomDividerAgencies & OfficesDividerPrograms & OpportunitiesDividerHelpDividerContact UsDividerEn Español
Search RD
Spacer
Go
Spacer
Browse by Audience
Spacer
Spacer
Browse by Subject
Spacer
Business
Community Development
Cooperatives
Energy
Housing
Utilities
Loans
Grants
Technical Assistance
Forms and Publications
Regulations and Guidance
Online Services
Left Navigation Menu Bottom
Newsroom
News Release
Release No. STELPRD4013041
ContactSamantha Evenson(701) 530-2043
Printable Version  Printable Version
(NOV. 9, 2011) USDA SUPPORTS RURAL BUSINESS DEVELOPMENT
Lake Agassiz Regional Development Corp. receives USDA loan and grant

FARGO, N.D., Nov 09, 2011 -- USDA Rural Development State Director Jasper Schneider today announced that the Lake Agassiz Regional Development Corporation (LARDC) based in Fargo was selected to receive a $500,000 loan and a $105,000 grant to support rural business development, create jobs, and strengthen local communities.

"Having a strong rural community in place is important to our state’s already strong agriculture industry,” Schneider said. "This investment will assist with the ongoing development and economic opportunity for rural communities, making them attractive places to grow business.”

The funding announced today is being provided through the Rural Microentrepreneur Assistance Program (RMAP). This program supports development organizations that make loans to microenterprises and microentreprenuers.

Primarily serving eastern North Dakota, the LARDC is a non-profit organization focused on the long-term sustainability and growth of the region. The organization provides business-based training and technical assistance to emerging and existing rural businesses, community and economic development planning, and coordinates federal, state and private program administration.

Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA Rural Development’s web site at http://www.rurdev.usda.gov/nd.

Last Modified:08/22/2012 
 
Footer Corner
RD Home | USDA.gov | Site Map | Policies and Links
FOIA | Accessibility Statement | Privacy Policy | Non-Discrimination Statement | Information Quality | FirstGov | White House