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Rural Business Programs - 1999 Accomplishments

The information that follows details the accomplishments in all RBS Programs in Georgia for Fiscal Year '99.

Direct B&I Loans -                                          $2,073,000

2 loans were made during the year.  92 jobs were created while 162 existing jobs were saved.

Guaranteed B&I Loans -                                 $55,246,541

1,055 jobs were saved while 454 more were created with the 18 loans made this year.


Rural Business Enterprise Grants -                $1,095,782

69 rural businesses were assisted with these funds.  306 new jobs were created with another 137 being saved.


Rural Economic Development Grants -           $330,000

This grant established a revolving loan fund to assist Miller County with the construction of a critically needed emergency care facility at the hospital.


Intermediary Relending Program -                  $500,000

One loan was made this year.  11 existing IRP accounts have created and/or saved 2,944 jobs under this program.


Appalachian Regional Commission Grants -    $199,415

2 projects were administered under Business Programs this year.  73 new jobs were created.


Community Adjustment and Investment Program - $16,148,200

Georgia ranks second nationally in the amount of loans made with this program.  The loan figure is reflected in the total for the G-B&I program.  643 jobs were created in the most distressed/rural counties of Georgia .

Total Funds Provided -                                     $59,444,738

Total Jobs Saved or Created                             5,223

To see some of the projects that have been funded during FY '99, please click here.

Please send any comments or suggestions to:   craig.scroggs@ga.usda.gov

Last Updated : November 28, 2005