SPRINGFIELD, Tenn., Aug 15, 2011 -- USDA Rural Development State Director Bobby Goode today announced federal funding for Robertson County to develop a regional strategy for attracting, keeping and growing businesses. The announcement was made during the monthly County Commission meeting.
"Robertson County is well positioned to take advantage of changes taking place throughout northcentral Tennessee and southwest Kentucky," said Goode. "Developing a comprehensive plan now is the best way to ensure public and private investments get targeted to where they can do the most good for families and businesses."
The population of Robertson County is projected to increase by as much as 40 percent over the next 20 years. The Rural Development grant of $30,000 and $70,000 from the county will fund an all-inclusive study of what it will take to meet the growing demand for infrastructure, education, public safety and other needs in the county.
Rural Development business programs help local governments and non-profit organizations improve local business infrastructure and promote job growth. Business loans provide needed financing for rural businesses and loan-guarantees are also available to help private lenders to increase the pool of investment capital available for business start-up, modernization and expansion in eligible rural areas.
USDA Rural Development invests in jobs, businesses, community infrastructure, homeownership and affordable rental housing in rural communities. Last year Rural Development assisted more than 1.5 million rural Tennessee families and businesses with more than $1.06 billion in financial assistance through affordable loans, loan-guarantees and grants.
For more information on Rural Development programs contact the Rural Development Area Office in Nashville at 615-783-1359, toll free at 1-800-342-3149 ext. 1359 or visit us online at ㋰§Ⓦ〣" www.rurdev.usda.gov/tn.
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