|(NOVEMBER 19, 2012) USDA – RURAL DEVELOPMENT INVESTMENTS RETURN ALMOST A BILLION DOLLARS OF TAXPAYER MONEY TO RURAL MISSOURI|
|Columbia, MO, Nov 19, 2012
@@Rural Development State Director Anita J. (Janie) Dunning today announced a Federal investment of $992,406,000 in Missouri rural communities during Fiscal Year 2012. These investments were in the form of direct loans, grants and loan guarantees. The investment represents a return of tax money to the state.
"More than dollars, this amount represents actual needs met and problems resolved in cities, counties and villages across Missouri," Dunning said. "Whether the funding is given directly to businesses, communities, non-profit organizations or special districts or indirectly through utilities and other intermediaries, the results are the same: an improved quality of life for residents of rural Missouri."
USDA – Rural Development (RD) provides funding for projects through over 40 programs. These programs fall into three (3) categories: Rural Housing Services, Business Programs-Cooperative Services and Rural Utilities Service.
Within the Rural Housing Programs, Single Family Housing program investments equaled $586,493,929 and Multi-Family Housing investments amounted to $23,224,457 for a total investment in housing of $609,718,386. A total of 19,695 families and individuals were assisted in securing decent, safe and sanitary housing. Learn more about RD housing programs at http://www.rurdev.usda.gov/rhs/index.html.
Business Programs had a total investment of $30,223,084. These funds were used by businesses, farmers and cooperatives to start or expand operations, improve energy efficiency, market products, enhance member services, conduct research or assist entities, such as community colleges, construct facilities to increase opportunities for learning and training. Through these investments, 1,514 Missouri jobs were created or retained. Learn more about RD business programs at http://www.rurdev.usda.gov/rbs/index.html.
Community Programs offers assistance to two (2) project types, community facilities and water and waste water facilities. Investment in community facilities was $53,287,484. Community facilities include such projects as construction of a community center, purchase of public safety or maintenance vehicles, purchase of kitchen equipment for nutrition centers or schools, construction of buildings or purchase of computers for libraries, purchase of storm warning sirens, upgrading of public safety and first responder communication equipment and purchase of firefighting equipment. Learn more about RD community programs at http://www.rurdev.usda.gov/rbs/index.html.
Water and waste water project investments were $45,226,840. These funds were used to install or improve water and waste water collection and treatment facilities throughout the state. With this investment, Rural Development assured communities, families and individuals had clean drinking water and the environment was protected. Learn more about RD water and wastewater programs at http://www.rurdev.usda.gov/rus/home/home.html.
The Electric and Telecommunications Program investments equaled $253,950,206. Among the projects funded through these programs were construction and improvement of electric distribution systems and other electrical facilities, the purchase of distance learning and telemedicine equipment and funds to upgrade a public television station from analog to digital service. Learn more about RD electric and telecommunications programs at http://www.rurdev.usda.gov/rus/home/home.html.
State Director Dunning said, “The projects in Missouri would not have been possible without the dedication and hard work of Rural Development staff. What is remarkable is that, administratively, it only costs 1.5 cents for every dollar expended for Rural Development staff to deliver our programs. This challenges the perception that government programs are inefficient.”
For other examples of USDA investments in rural communities, please 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. For further information about Rural Development programs in Missouri visit the website at: http://www.rurdev.usda.gov/mo.
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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