Denver, CO, Mar 08, 2013 -- Acting USDA Rural Utilities Administrator John Padalino hosted a roundtable discussion on jobs and economic development in Denver. The event brought together representatives from state and local governments, lenders, and business leaders to discuss partnering opportunities to increase access to capital for rural businesses and infrastructure.
"This roundtable is a great opportunity to hear from business leaders in Colorado and learn how USDA can more effectively work with lenders and other partners to provide access to capital for rural infrastructure and business opportunities, "said Padalino. "USDA offers many programs that help rural businesses and communities. It is important that these programs reach everyone who could benefit."
Padalino's visit is part of the Obama administration's ongoing efforts to address economic challenges in rural America and support development of an innovative, bio-based economy. Earlier this week, Padalino met with local lenders to discuss rural collaboration and capital market activities in Colorado.
Since taking office, the Obama Administration has taken significant steps to improve the lives of rural Americans and has provided broad support for rural communities. The Administration has set goals of modernizing infrastructure by providing broadband access, expanding educational opportunities for students in rural areas and providing affordable health care. In the long term, these unparalleled rural investments will help ensure that America's rural communities are repopulating, self-sustaining and thriving economically.
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 $181 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 areas. For more information on Rural Development in Colorado, visit www.rurdev.usda.gov/com.
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