Lincoln, Nebraska, Jul 02, 2013 -- USDA Rural Development State Director Maxine Moul today announced the selection of four projects to support small business, job creation opportunities and train entrepreneurs in rural Nebraska. The four organizations will receive funds from the Rural Business Enterprise Grant (RBEG) program. 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.
Southeast Nebraska Development District (SENDD) in Lincoln, Nebraska-$30,000 RBEG leveraged with $30,150 to provide technical assistance and loan packaging services to small and emerging businesses in SENDD’s 15 county service area. Approximately five full time jobs will be created.
Sherman County Economic Development, Inc. of Loup City, Nebraska-$60,000 RBEG to establish a revolving loan fund for Sherman County and the five communities within the county in order to assist small and emerging businesses. It is projected that there will be 12 jobs created and/or saved as a result of this project. Matching funds of $22,500 are being provided by the applicant and $10,000 will be in leveraged funds.
Main Street Beatrice, Inc. in Beatrice, Nebraska - $18,500 RBEG including $975 in leveraged funds will be used to expand a previous USDA Rural Development RBEG revolving loan fund established in 2012. It is estimated that five new jobs will be created within the first year that the program is in place.
Loup Basin RC&D Council of Burwell, Nebraska - $61,500 RBEG along with $22,500 in leveraged funds will be used to provide technical assistance and training to farm businesses selling fresh foods to schools in the Loup Basin nine county area. Approximately five full time jobs will be created.
For additional information contact:
Norfolk: Bill Sheppard at 402-371-5350 email@example.com;
Kearney: Kelley Messenger at 308-237-3118 Kelley.firstname.lastname@example.org;
Scottsbluff: Marla Marx at 308-632-2195 email@example.com;
Lincoln: Deborah Drbal at 402-437-5558 Deborah.firstname.lastname@example.org.
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 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 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 the Department 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.
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