|(NOVEMBER 27, 2012) $458.7 MILLION INVESTED IN RURAL SOUTH DAKOTA|
|Huron, SD, Nov 27, 2012
@@South Dakota’s rural communities have received over $458.7 million in USDA Rural Development funding in federal fiscal year 2012, completed on September 30th. During the first four years of the Obama Administration, USDA has invested more than $1.5 billion in South Dakota, according to Rural Development State Director Elsie Meeks.
The program funds assist housing, business and community development, water and waste water, energy, distance learning and telemedicine, electric and telecommunications. Water and waste water funds are limited to communities of less than 10,000 populations. Housing and community facility funding is available to towns of 20,000 population or less. Businesses and industries in communities up to 50,000 residents can obtain funding through the business programs.
“Essentially, we can work with every community in this state, outside of Sioux Falls and Rapid City,” Meeks said. “USDA Rural Development’s 62 South Dakota employees look forward to serving rural South Dakota this year.”
“With the support and resources of USDA Rural Development, South Dakota communities, businesses, and citizens advanced economic opportunities and increased quality of life for rural South Dakotans,” said Meeks.
Over $176.5 million was delivered to South Dakota for housing in fiscal year 2012, which is the second highest year on record.
• The Single Family Housing Guaranteed Loan program and the Single Family Housing Direct Loan program brought homeownership to 1,381 households through more than $164.6 million.
• The Rural Home Repair Loan and Grant program provided $167,321 in assistance to 28 South Dakota homeowners for essential repairs.
• Two Housing Preservation Grants (HPG) totaling $50,000 were awarded to assist in repairing homes of very-low and low income family households.
• More than $9.8 million of rental assistance was provided to 1,967 tenants residing in a Rural Development multi-family rural rental housing complex. There are 362 multi-family projects in the state.
• Assisted three Multi-Family Housing properties with obligations of $784,972.
More than $81.6 million was delivered to South Dakota through its Community Programs.
• The Community Facilities Program assisted 24 projects through $39.1 million for libraries, public safety, long-term care facilities, and tribal colleges.
• Through the Water and Environmental Programs, 15 communities and 14,608 rural residents were helped by $42.3 million for safe, potable drinking water, safe and sanitary wastewater disposal, and solid waste.
• One Rural Community Development Initiative (RCDI) of $200,000 was selected that will provide technical assistance to recipients and provide new and expanded knowledge to them in the areas of housing, community facilities, and economic development activities.
More than $38.3 million was delivered through various business programs. The programs assisted 32 businesses and 17 agricultural producers/small businesses. Jobs totaling 1,873 were created and/or saved.
• The Business and Industry (B&I) Guaranteed Loan program made available $33.2 million that, through leveraging, assisted 9 businesses.
• The Rural Business Enterprise Grant (RBEG) program provided six grants totaling nearly $759,900.
• The Rural Business Opportunity Grant (RBOG) program delivered $158,579 to three recipients.
• Three Intermediary Relending Loan Program (IRP) recipients were awarded $1,003,000.
• Through the Rural Economic Development Loan and Grant (REDLG) program, one loan totaling $1 million and four grants for $1 million were awarded.
• The Rural Microentrepreneur Assistance Program (RMAP) provided three grants totaling $97,554 .
• The Value-Added Agricultural Product Market Development Grant program provided funding of $17,500 to one producer and the Value-Added Agricultural Product Market Development Grant (Beginning and Socially Disadvantaged Farmers and Ranchers) program provided funding of $300,000 to one producer.
• One Rural Cooperative Development Grant for $175,000 was awarded.
• One Small Socially Disadvantaged Producer Grant for $175,000 was awarded.
• Through the 9007 Rural Energy for America Program (REAP), South Dakota was awarded 16 projects for a total of $368,408 for renewable energy and energy efficiency projects.
• The Advanced Biofuel Payment Program issued two payments totaling $5,560 to advanced biofuel producers to support and ensure an expanding production of advanced biofuels.
USDA Rural Utilities Service Electric Guaranteed Loans were received by five recipients totaling more than $161.4 million. The Distance Learning and Telemedicine (DLT) program awarded funding totaling $849,689 to two South Dakota recipients.
Visit http://www.rurdev.usda.gov/sd/ for additional program information or to locate an USDA Rural Development Office nearest you.
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.
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 $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.