THUMB COMMUNITIES RECEIVE ECONOMIC FUNDS FOR ECONOMIC DEVELOPMENT, LIBRARY FROM USDA RURAL DEVELOPMENT

EAST LANSING, Nov. 2, 2009 – USDA Rural Development Director for Michigan James Turner today presented ceremonial checks totaling $875,000 to Thumb Area communities.

“USDA Rural Development is working with local communities to improve the business climate,” said Turner.  “These investments will help strengthen local businesses and provide for job creation.” 

The Village of Cass City received a $5,000 Rural Business Enterprise Grant to purchase equipment that can be leased to a local business.

The Thumb Area Partnership received a $40,000 RBEG to help small businesses in Tuscola County access new markets and increase their competitiveness.

The Tuscola County Economic Development Corporation received a $20,000 RBEG to maintain a revolving loan fund to support small businesses in the county.

The Huron County EDC received a $40,000 RBEG to help small businesses in Huron County access new markets and increase their competitiveness.

The Thumb Area Tourism Council received a $20,000 RBEG for marketing and website design to promote travel in Michigan’s Thumb.

The Harbor Beach Area District Library received a $750,000 loan to renovate and expand its facility.

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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