News Release
Release No.STELPRD4018727
ContactKatherine Belcher859.224.7306
(OCT. 30, 2012) KCTCS-MADISONVILLE COMMUNITY COLLEGE TO RECEIVE ECONOMIC DEVELOPMENT GRANT FUNDS
Lexingon, KY, Oct 30, 2012 --

@@State Director Tom Fern is in Madisonville today to announce economic development grant funds for KCTCS-Madisonville Community College.

The school has been awarded $49,500 to purchase mobile instructional equipment that will allow faculty members to deliver training on-site at the students’ workplace. The training will offer skills that promote entrepreneurship in a wide variety of industry sectors.

The funding was made available through USDA’s Rural Business Opportunity Grant (RBOG) program. The primary objective of the RBOG program is to promote sustainable economic development in rural communities with exceptional needs. Grants are awarded on a competitive basis.

“This award to Madisonville Community College illustrates the important impact that economic development assistance can have on small towns and rural communities,” Fern said. “USDA is committed to helping small, rural businesses grow and providing the technical support needed to create jobs.”

For other examples of USDA investments in rural communities, visit Rural Development’s new interactive Web map at http://www.rurdev.usda.gov/RDSuccessStories.html. The map features program funding and success stories for fiscal years 2009-2011.

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.

USDA, through its Rural Development mission area, has an active portfolio of more than $174 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.

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