CROSSVILLE, Tenn., Jul 22, 2011 -- Small business development is key to the growth of any community and a key to being able to develop small businesses is attracting people to the communities. The Crossville Cumberland County Chamber of Commerce is hoping to do just that with the help of USDA Rural Development.
Cookeville Area Director Jerry Jolley today announced a $50,000 Rural Business Enterprise Grant that will be matched by $50,000 in chamber contributions to develop small business growth in the area to attract the growing retiree community.
"Retirees bring a lot to the communities where they settle. They buy homes, pay taxes and increase the demand for many goods and services, which in turn creates good jobs," said Jolley. "Just as valuable, they also bring with them a wealth of knowledge and experience, resources that money can't buy."
According to Crossville Cumberland County Chamber President Beth Alexander, Cumberland County is increasingly becoming a more attractive area for retirees and the grant will assist in marketing it to a larger audience.
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 available in Cumberland County contact the Rural Development Area Office in Cookeville at 931-528-6539 ext. 2, toll free at 1-800-342-3149 extension 1493, or visit us online at www.rurdev.usda.gov/tn.
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, S.W., Washington, D.C. 20250-9410, or call (800) 795 -3272 TDD (615) 783-1397.