United States Department
of Agriculture Rural Development
EAST LANSING, July 28, 2008 U.S. Department of Agriculture Rural Development Director for Michigan Gene DeRossett today presented more than $500,000 in grants and loans to communities in Clare and Gladwin counties.
Todays events show the variety of ways USDA Rural Development is working to help rural Michigan communities, said DeRossett. These are investments in a better economic environment for Clare and Gladwin counties.
The Economic Development Corporation of Gladwin County received a Rural Business Enterprise Grant of $50,000 to establish a revolving loan fund to assist small businesses.
Clare County received $288,500 consisting of:
In addition, Middle Michigan Development Corporation received $99,500 for a feasibility study on a mixed-use business incubator, Mid-Michigan Community Action Agency received $50,940.23 to assist homeowners with home repairs, and the Clare County Road Commission received $48,000 to purchase two trucks and an emergency generator.
USDA Rural Development's mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. As a venture capital entity, Rural Development provides equity, liquidity, and technical assistance to finance and foster growth in homeownership, business development, and critical community and technology infrastructure. Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA's web site at http://www.rurdev.usda.gov/.
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