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USDA Announces Funding to Aid Rural Businesses and Create Jobs

Press Release

Date: Oct. 19, 2015
Location: Washington, DC
Issues: Business and Consumers Employment and Affirmative Action Government Budget and Spending

Agriculture Secretary Tom Vilsack today announced $12.5 million in loans and grants for 39 projects that will help rural businesses in 21 states and the Commonwealth of Puerto Rico.

"Supporting small, rural businesses helps create jobs and helps promote entrepreneurship," Vilsack said. "USDA Rural Development's field structure enables our community-based staff to engage with local partners and, in turn, enables these partners to provide their local small businesses and start-ups access to the capital and technical assistance they need to be competitive in today's global economy."

USDA is awarding $12.5 million in loans and grants through the Rural Economic Development Loan and Grant (REDLG) program, the Intermediary Relending Program (IRP), the Rural Business Development Grant (RBDG) program, and the Rural Microentrepreneur Assistance Program (RMAP) program.


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