Lincoln, Nebraska, Oct 26, 2012 -- USDA Rural Development State Director Maxine Moul announces that more than $18.9 million was delivered to rural Nebraska in federal fiscal year 2012 through its various business programs. The programs assisted 37 businesses and 24 ag producers. Jobs totaling 780 were created and/or saved. The total Business and Cooperative Programs portfolio reflects $105.1 million since 1996 and has no delinquencies. There is funding available for Fiscal Year 2013 and applications are being accepted.
“Rural Development believes in a strong economy and our business programs help to accomplish this in rural Nebraska,” said Moul. “We look forward to Fiscal Year 2013 and continuing to meet the needs of rural businesses and producers.”
The Business and Industry (B&I) Guaranteed Loan program made available nearly $13.5 million that, through leveraging, assisted 11 businesses. The B&I Guaranteed Loan Program is for business and industrial development to create and maintain employment, and to expand and improve the economic climate. Metalquest Unlimited Inc. of Hebron, Nebraska received a $1.5 million guaranteed loan which has allowed Thayer County Bank to grow its lending ability to accommodate Metalquest’s expansion needs for building construction and working capital. Twelve jobs were created and 54 jobs retained. The guaranteed loan product allows the bank and its borrower to grow in a well coordinated and efficient environment.
The Business Programs Specialty Lending Division consists of five programs. The Rural Business Enterprise Grant (RBEG) program provided seven grants totaling nearly $350,000. The Little Priest Tribal College of Winnebago, Nebraska received a $40,000 RBEG to help provide technical assistance for training Winnebago Tribe members to develop agricultural enterprises on small acreages and home gardens. In this project, Gardens to Market: Small Acreage Businesses for Winnebago, participants will learn what they can grow, how to grow it and how to sell it. Four jobs will be created.
The Rural Business Opportunity Grant (RBOG) program delivered to two recipients a total of $185,200. The Nebraska Indian Community College of Macy, Nebraska received a $135,200 grant to be used to provide entrepreneurial leadership education and training to students for job development in Thurston and Knox counties by creating a program that can be offered as part of the college’s regularly offered college courses. Six jobs in these two counties will be created.
Southeast Nebraska Development District (SENDD) was awarded $223,000 through the Intermediary Relending Loan Program (IRP). The funds will be utilized to expand its current revolving loan fund for a 15 county area of southeast Nebraska. Through this revolving loan fund it is anticipated that two businesses will be assisted, creating three jobs and also saving three jobs.
Through the Rural Economic Development Loan and Grant (REDLG) program two loans totaling more than $1.1 million and four grants for more than $920,000 were awarded. The City of Cozad received a $130,119 grant to assist the Cozad Community Hospital with the purchase of a new ultrasound/Doppler machine including new server storage and a digital phone system. The addition of this equipment will result in the direct hiring of one new radiology technician and the retention of two in the ultrasound department.
The Rural Microentrepreneur Assistance Program (RMAP) provided two grant renewals totaling nearly $95,500. Since 2010, three recipients have received loans totaling $1.2 million. To date, 30 ultimate recipient loans have been made for nearly $792,000. The RMAP program dollars were leveraged with more than $1.2 million.
Cooperative Programs consists of the Value-Added Producer Grant (VAPG) program and the Rural Cooperative Development Grant (RCDG) program. The VAPG program provided funding totaling more than $682,000 to five producers. Nebraska Waters, LLC of Plainview, Nebraska received a $300,000 VAPG to be used with a dollar for dollar match to continue their trout production and processing facility; three jobs will be created and four retained. The Board of Regents-University of Nebraska was selected for a $175,000 RCDG to support a center that will help rural Nebraska businesses form cooperatives. Services offered include needs assessments, planning assistance to development groups, identification of resources, feasibility studies, business plans, market analysis and membership needs and priorities.
Nebraska processed 133 applications totaling more than $3.1 million for the 9007 Rural Energy for America Program. Due to decreased national funding, Nebraska was awarded 31 projects for a total of more than $420,000 for renewable energy and energy efficiency projects. The Advanced Biofuel Payment Program issued five payments totaling nearly $1.3 million to advanced biofuel producers to support and ensure an expanding production of advanced biofuels.
For additional information contact your local Rural Development Area Specialist:
Marla Marx in Scottsbluff, Nebraska at 308-632-2195 ext. 1132 or firstname.lastname@example.org.
Kelley Messenger in Kearney, Nebraska at 308-237-3118 ext. 1120 or Kelley.email@example.com.
Bill Sheppard in Norfolk, Nebraska at 402-371-5350 ext. 1004 or firstname.lastname@example.org.
You may also contact the Lincoln State Office at 402-437-5551.
For additional information on RD 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.