|(JULY 11, 2012) USDA SUPPORTS SMALL BUSINESS IN RURAL COMMUNITIES|
|Eight recipients receives over $470,000|
|DICKINSON, ND, Jul 11, 2012
@@USDA Rural Development state director Jasper Schneider today announced the selection of eight recipients to receive over $470,000 in grants to support small business and to create job opportunities.
"This funding will help sustain rural businesses and promote job creation,” said Schneider. “Providing assistance to improve economic development efforts enhances the quality of life in rural communities.”
The grants announced today are administered through USDA Rural Development's Rural Business Enterprise Grant (RBEG) program. This program provides grants for rural projects that finance the development of small and emerging businesses, help fund distance learning networks, and help fund employment-related adult education programs. The following recipients in North Dakota were awarded grants:
City of Walhalla: $31,873 grant. The funds will be used to purchase equipment to lease to Natures Best Flower and Greenhouse, a full service floral and greenhouse retail business. The new equipment will consist of display and walk-in coolers, automatic watering system, and computer software. These updates will help the business reduce energy costs and run more efficiently.
Bowman County Development Corporation: $73,500 grant. The funds will be used to purchase digital theatre equipment to lease to the Bowman Theatre. This will allow the theatre to play newly released movies as film companies have made the move to digital, making the reel system almost obsolete.
Dakota Defense Alliance (DDA): $24,933 grant. The grant will help fund the DDA’s “Rural Growth and Sustainability Initiative,” which will provide technical assistance, training, and support to small businesses and start-ups in rural North Dakota.
Maddock Opera House Association: $62,000 grant. The grant will purchase kitchen and other equipment to be leased to a restaurant and coffee shop in the Maddock Opera House.
Dakota College at Bottineau: $16,194 grant. The funds will be used to provide technical assistance to farmers and producers. The focus of the assistance will be production, harvest, and handling of organic specialty vegetable crops. Workshops and individual training will also be offered to expand and build upon opportunities for product commercialization and distribution.
New Rockford Area Betterment Corporation: $60,000 grant. The grant will be used to purchase and install a digital projector and an accompanying sound system. The equipment will be leased to the Rockford Theatre which will provide a system that requires little human labor to run. In addition, the sound system will make it possible for individuals with hearing disabilities to enjoy a movie.
The Coalition of Indian Housing Authorities (CIHAND): $160,000 grant. The grant will establish a revolving loan fund for Native Americans in North Dakota. The fund will be used to provide business training and job opportunities. The goal is to help individuals gain employment, increase income, obtain adequate housing, and rise out of poverty.
The Standing Rock Sioux Tribe: $50,000 grant. The grant will create a revolving loan fund for small and emerging private businesses on the Standing Rock Reservation. The funding is aimed at helping entrepreneurs build their credit and increase assets to successfully start or expand a business.