|(JANUARY 7, 2014) RURAL DEVELOPMENT FUNDS ACTIVITIES TO PROMOTE REGIONAL BUSINESSES|
|St. Joseph, MO, Jan 07, 2014
@@USDA Rural Development State Director Janie Dunning today announced funding for the Buchanan County Agri-Business Expo Center, Incorporated. Rural Development approved a Rural Business Enterprise Grant (RBEG) of $41,400 and a Rural Business Opportunity Grant (RBOG) of $37,575.
"Rural Development’s mission includes economic development. One aspect of economic development is promoting resources of an area. Resources of an area include business manufacturing, adding value to or selling products,” Dunning said. “Through this project, Buchanan County and the region is expanding promotional opporunities for businesses. The planned exposition center will allow businesses and consumers to connect. Of course, this combination is the foundation of economic development. What is unique is the purposeful efforts to create a facility to foster this interaction. What better way to market products than demonstrating uses and quality by allowing folks to see, feel and taste the products."
The RBEG funds will be used to pay a portion of the engineering services in preparation of construction of the exposition center. The RBOG will be used to prepare business plans and conduct feasibility and marketing studies for agricultural businesses.
Congressman Sam Graves stated, “The funding provided through USDA Rural Development programs is vital to Missouri. Not only do they create conditions for economic growth, but they also help better Missouri communities. I look forward to working with USDA staff to continue this important investment in Northwest Missouri.”
The RBEG program provides grants for rural projects that finance and facilitate development of small and emerging rural businesses, help fund distance learning networks and help fund employment related adult education programs. To assist with business development, RBEGs may fund a broad array of activities. The primary objective of the RBOG program is to promote sustainable economic development in rural communities with exceptional needs. Grants are awarded on a competitive basis.
For other examples of USDA investments in rural communities, please visit RD's interactive web map at http://www.rurdev.usda.gov/RDSuccessStories.html. The map features program funding and success stories for fiscal years 2009-2012. For further information about Rural Development programs in Missouri visit the website at: http://www.rurdev.usda.gov/mo.
Today’s announcements are reminders of the importance of USDA programs for rural America. A comprehensive new Food, Farm and Jobs Bill would further expand the rural economy which is one reason why Congress must get a comprehensive Bill done as soon as possible.
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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