|AGRICULTURE SECRETARY VILSACK ANNOUNCES FUNDING FOR PROJECTS TO BOOST RENEWABLE ENERGY PRODUCTION AND REDUCE ENERGY CONSUMPTION|
|Four Tennessee Projects funded in Warren and Lauderdale Counties|
|DES MOINES, Aug 14, 2012
@@Agriculture Secretary Tom Vilsack today announced 106 projects in 29 states, Guam and Puerto Rico have been selected for funding to produce renewable energy and make energy efficiency improvements. Funding is made available through USDA Rural Development’s Rural Energy for America Program (REAP), which is authorized by the 2008 Farm Bill.
“This is part of the President’s ‘all-of-the-above’ energy strategy, which involves expanding support for traditional as well as alternative energy sources,” Vilsack said. “Stable energy costs create an environment for sustainable job growth in rural America.”
In Tennessee, four projects for small businesses and farm operations in Warren and Lauderdale Counties:
REAP provides grants and loan guarantees for agricultural producers and rural small businesses to reduce energy consumption and costs, use renewable energy technologies in their operations and conduct feasibility studies for renewable energy projects. For a complete listing of recipients announced today, click here: http://www.rurdev.usda.gov/SupportDocuments/rdREAPRecipientsAugust2012.pdf.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
“The Obama Administration is helping agricultural producers and rural small business owners across the country reduce their energy costs and consumption,” said Vilsack.
USDA, through its Rural Development mission area, has an active portfolio of more than $170 billion in 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.
In Tennessee, during the last three years at least 1.5 million families and businesses in 158 communities have been assisted by federal investments of more than $2.5 Billion through affordable loans, loan guarantees and grants. More information on USDA Rural Development programs and local office contacts by Tennessee County are available online, http://www.rurdev.usda.gov/TN-Home.html.