News Release
Release No.STELPRD4020887
ContactJames Pendleton(406) 585-2587
Bozeman, Mont., Jun 10, 2013 --

@@USDA Rural Development's Montana State Director Tony Preite announced that USDA will provide Triangle Communications of Havre, Mont. a loan that they will relend to of Harlowton, Mont. for the purchase of much-needed new equipment. The United States Department of Agriculture (USDA) remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today’s announcement is one part of the Department’s efforts to strengthen the rural economy.

"USDA has a long-standing and positive relationship with Triangle," said Preite. "With these funds, Triangle can turn around and invest in the communities they serve. In this case, it's to help a great Montanan business expand even more. benefits, Harlowton benefits, Triangle Communications benefits, and Montanans benefit. This is exactly what Rural Development is here to do, and we're pleased to be a part of this project."

Through the Rural Economic Development Loan program, USDA provides zero-interest loans to utility cooperatives that serve rural populations. The utility then uses those funds to pass through to a business or organization in a community. In this instance, Triangle Communications applied for and received a $678,400 loan that they will turn around and lend to of Harlowton, Mont. is an internet-based printing company that provides customized ticket printing and event management products to a global clientele. The equipment purchased by this loan will allow the company to meet anticipated near-term growth as well as hire an additional seven positions while retaining the fifty employees they currently have. is also investing an additional $169,600 into the equipment for a nearly $850,000 capital improvement project for the company.

USDA, through its Rural Development mission area, has a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.

USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $828 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.