Bloomfield, IN, Oct 30, 2013 -- USDA Rural Development Indiana State Director Philip Lehmkuhler has announced the Green County Economic Development Corporation (GCEDC) is receiving a subsequent $99,500 Rural Business Enterprise Grant (RBEG) to spur Greene County's business growth.
"Our mission is to increase economic opportunity and improve the quality of life for all rural Americans. Ensuring that rural small businesses have access to capital is one of the most effective ways to help create jobs and keep folks living in their community. This grant will help finance new, and strengthen existing, businesses in Greene County," stated Lehmkuhler.
The partnership between Rural Development and GCEDC will replenish a Revolving Loan Fund in the amount of $109,500. Joan Bethell, Director of GCEDC, stated "Greene County Economic Development Corporation was able to reach their match with the help of three generous donors: UDWI/REMC, Main Source Bank, and The Indiana Rail Road Company. With the funding, Greene County should anticipate about 10-12 jobs to be created." Interested business owners should contact GCEDC at firstname.lastname@example.org or (812) 847-4500.
RBEG funds can be used for start-up and working capital loans, building and plant renovations, transportation improvements, project planning and other business needs. Additional information on the RBEG program may be found at http://www.rurdev.usda.gov/BCP_rbeg.html
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 $189 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. www.rurdev.usda.gov
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.
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