Kadoka, SD, Oct 15, 2012 -- Rural Development South Dakota State Director Elsie Meeks announced the award of $99,000 Rural Business Enterprise Grant Funds (RBEG) to the Jackson-Kadoka Economic Development Corporation.
“This project provides opportunity and resources to support services in Jackson County. The partnership with Jackson-Kadoka Economic Development shows what can be accomplished when government and entrepreneurs work together to bring increased economic stimulus and jobs to rural South Dakotans,” stated Meeks. “The Obama Administration is committed to improving the lives of rural Americans, put people back to work and build thriving economies in rural communities.”
The Rural Development funds will aid the Jackson-Kadoka Economic Development Corporation with establishing a revolving loan fund to assist small and emerging businesses. The revolving fund will be a catalyst for interested entrepreneurs to secure financing and assist with furthering economic development. Keeping businesses running in rural areas is critical to the survival of the town.
“This funding opportunity is amazing. It will further help us with our goals of continued support for our existing businesses and provide opportunities for new and emerging small businesses,” said Jo Beth Uhlir, Director of Operations for the Jackson-Kadoka Economic Development Corporation. “Providing our residents with hometown services and economic stability is one of our highest priorities and this grant will help us meet those challenges.”
Since 2009, USDA has provided more than $8.1 billion in investment to bring modern, updated water and waste water capacity to thousands of rural communities – helping to safeguard the health and wellbeing of millions.
For additional information on Rural Development projects, please visit Rural Development’s new interactive web map featuring program funding and success stories for fiscal years 2009-2011. The data can be found at: http://www.rurdev.usda.gov/RDSuccessStories.html.
Since taking office, President Obama's Administration has taken historic steps to improve the lives of rural Americans, put people back to work and build thriving economies in rural communities. From proposing the American Jobs Act to establishing the first-ever White House Rural Council the President is committed to a smarter use of existing 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 Rural Council is working to break down silos of information and to find areas for better collaboration and improved flexibility in administering government programs and to work closer with local tribal and non-tribal governments, non-profits and private companies to leverage federal support to enhance the services offered to rural beneficiaries. Under Secretary Vilsack's leadership, USDA has instituted a comprehensive plan to strengthen the Department as a model service provider and to ensure that every farmer and rancher is treated equally and fairly as part of "a new era of civil rights" at USDA. He and President Obama have made it a priority to resolve all of the past civil rights cases facing the Department.
USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure programs through a national network of state and local offices. Rural Development has an active portfolio of more than $172 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.