|(MAY 31, 2012) NEW USDA REPORT HIGHLIGHTS COMMUNITY FACILITIES SUCCESS IN RURAL AMERICA|
|Washington, D.C., May 31, 2012
@@For immediate release
NEW USDA REPORT HIGHLIGHTS PROGRAM SUCCESS IN RURAL UTAH
Community Facilities loans and grants provide opportunities for rural areas to grow
WASHINGTON, May 31, 2012 –Agriculture Secretary Tom Vilsack today released a report highlighting the ways in which infrastructure investments in rural communities help create jobs and boost economic development, and he announced additional investments that will create jobs and promote economic growth across the nation.
“Quality hospitals, schools and libraries are the building blocks for a vibrant rural America,” said Vilsack. "Today’s announcement illustrates how the Obama Administration is leveraging Rural Development’s investments to ensure that rural communities can compete in the global economy.”
Since the start of fiscal year 2009, Rural Development’s Community Facilities Program has helped more than 37 million rural Americans address essential challenges in health care, education, public service and public safety by financing projects through loans, grants, or loan guarantees.
USDA Rural Development’s Community Facilities Program supports essential infrastructure and services for public use in rural areas of 20,000 in population or less. Financing for Community Facilities projects covers a broad range of interests, including healthcare, education, public safety and public services.
Two stories from Utah show how such loans and grants can renew and expand rural education and expand access to health care. Soldier Hollow Charter School in Midway received a loan from USDA Rural Development to add space to their existing school, expanding their community reach and accessibility to students. In Cache County, a new health care clinic received funding assistance to purchase a building that best suited the clinic, which offers a sliding-fee scale to serve the uninsured, underinsured and insured in the North Logan area. These are two examples of the ways Community Facilities loans and grants can be used to build up economic and public opportunities in rural areas throughout Utah.
Between fiscal year 2009 and 2011, the Rural Development Community Facilities program in Utah contributed $2,505,400 in direct loans and grants for 4 health care projects; $76,583,107 in direct loans, guaranteed loans, and grants for 20 education projects; $498,850 in grant funds for 9 public safety projects; and $13,962,116 in direct loans, guaranteed loans, and grants for 14 public services projects.
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 $165 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.
Contact: Jamie Welch Jaro, Public Affairs Officer, Jamie.WelchJaro@ut.usda.gov (801) 524-4324