|(FEBRUARY 3, 2012) USDA RURAL DEVELOPMENT PROVIDES OVER HALF A MILLION DOLLARS TO SUPPORT BUSINESS DEVELOPMENT AND MARKETING OPPORTUNITIES IN WESTERN NEW YORK|
|Syracuse, NY, Feb 03, 2012
@@Today, USDA Rural Development New York State Director Jill Harvey announced four projects in Western New York that have received funding through Rural Development’s Value Added Producer Grant Program (VAPG). Value-added products are created when a producer increases the consumer value of an agricultural commodity in the production or processing stage. This announcement is part of twenty-one projects funded throughout the state, totaling nearly $2 million.
The following is a listing of projects funded in Western New York;
Growers Cooperative Grape Juice Co., Inc $45,000
Spring Lake Winery $49,500
Old Chautauqua Vineyards, LLC $299,999
NYAG, LLC $170,000
The funded projects will create jobs for agricultural producers, businesses and families. The grants act as a catalyst for business development and entrepreneurship by providing access to capital and technical assistance.
Spring Lake Winery will use funds to market the sale of their Riesling wine varieties. Old Chautauqua Vineyards will launch their farm winery, 21 Brix Winery. The winery will market retail products made from the vineyard’s 225 acres of wine grapes, which historically have been sold in bulk at commodity prices.
“By creating value-added products, farmers can expand economic opportunities, create jobs and keep wealth in rural communities,” Jill Harvey said. “These projects will promote business expansion and entrepreneurship by helping local businesses get access to capital, technical assistance and new markets for their products and services.”
USDA Rural Development's mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. As a venture capital entity, Rural Development provides equity and technical assistance to finance and foster growth in homeownership, business development, and critical community and technology infrastructure. Further information on rural programs is available by visiting Rural Development’s web site at http://www.rurdev.usda.gov/ny.