|(OCTOBER 30, 2012) USDA ANNOUNCES RURAL BUSINESS OPPORTUNITY GRANT TO UNIVERSITY OF HAWAII MAUI COLLEGE FOOD INNOVATION CENTER|
|Hilo, HI, Oct 30, 2012
@@USDA Rural Development State Director Chris Kanazawa announced today that the University of Hawaii (UH) has been selected to receive $49,970 in grant funding to help conduct a feasibility study for UH Maui College's (UHMC) Food Innovation Center.
"The Rural Development funding to support the Food Innovation Center is really a support for the development of sustainable agriculture, ranching, and small businesses on Maui," stated Kanazawa. "Building capacity and expanding skill sets in farmers, ranchers and entrepreneurs are the fundamental building blocks necessary for successful businesses."
The funding is being provided through the USDA Rural Development's Rural Business Opportunity Grant Program.
The Rural Business Opportunity Grant provides funds to private non-profit corporations, public bodies, federally recognized Native American Indian Tribes, and/or cooperatives for economic development planning, and technical assistance or training. Its goal is to promote sustainable economic development in rural communities with exceptional needs.
In 2007, Maui County Farm Bureau advocated the development of a local facility to assist farmers and ranchers, local agricultural cooperatives, and small entrepreneurial businesses turn their fresh produce into value-added products. These products would help increase the profit margin for farmers, ranchers, and small businesses, and stabilize their business since the price of value-added products do not fluctuate as widely as fresh produce, and they could also make use of culls. The UHMC Food Innovation Center will also be a place for research, development, professional mentoring services, and shared-use food processing on Maui.
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.
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