Washington DC, Aug 08, 2013 -- Agriculture Secretary Tom Vilsack recently announced that 30 states and the commonwealth of Puerto Rico will benefit from funding made available under the Rural Business Enterprise Grant program (RBEG) to promote job creation and business development.
In Wisconsin, five organization received grants totaling nearly $360,000. Together, these projects will assist approximately 50 businesses in 27 counties, and save or create nearly 50 jobs. The recipients include ADVOCAP, Inc. in Fond du Lac, WI; Economic Development Corporation of Manitowoc County Foundation in Manitowoc, WI; Village of Elderon; Wisconsin Business Innovation Corporation in Spooner, WI; and Wisconsin Women’s Business Initiative Corporation in Milwaukee, WI.
The RBEG program helps to finance and facilitate the development of new and existing businesses in rural America. Funds can be used for start-up and working capital loans, building and plant renovations, transportation improvements, project planning and other business needs. Eligible applicants for the program include public bodies, nonprofit corporations and federally recognized Indian Tribes.
More information about this program is available at www.rurdev.usda.gov/BCP_rbeg.html.
In all, 131 awards totaling more than $6.5 million were announced to promote economic development efforts. Funding is contingent upon the recipient meeting the conditions of the grant agreement. For a complete list of recipients, click here.
Wisconsin Women’s Business Initiative Corporation – a $99,000 grant will be used to provide business education and technical assistance to small, rural businesses in businesses in Adams, Crawford, Forest, Grant, Juneau, Lafayette, Richland, Vernon, and Vilas counties. The project will assist 10 businesses and create/save 10 jobs, with a special emphasis in serving women-owned and minority-owned businesses.
ADVOCAP, Inc – a $63,470 grant will provide technical assistance and training, focusing on e-commerce, to 20 small, rural businesses in Green Lake and Fond du Lac counties; creating or saving 25 jobs.
Economic Development Corporation of Manitowoc County Foundation - a $55,000 grant will assist businesses in a five county region in establishing new market niches and exploring new business opportunities to keep them competitive in the changing marketplace. Goals include creating/saving 10 jobs.
Wisconsin Business Innovation Corporation – a $57,500 grant will help provide technical assistance to small and emerging private businesses located in Ashland, Bayfield, Burnett, Iron, Price, Rusk, Sawyer, Taylor, and Washburn Counties.
Village of Elderon – the $84,560 grant will be used to rehabilitate and remodel a vacant school building for a new small and emerging business to stay in the Village and to grow. Goals include creating 2 new jobs.
Since 2009, the RBEG program has helped create or save more than 73,000 rural jobs, provided over $170.9 million in economic development assistance, improved manufacturing capability, and expanded health care and educational facilities, and has either expanded or helped establish almost 41,070 rural businesses and community projects.
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.
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