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USDA Awards Loans to Boost Rural Economic Development in Five States

Statement

Date: Feb. 23, 2016
Location: Washington, DC
Issues: Business and Consumers Government Budget and Spending

As part of the U.S. Department of Agriculture's (USDA) ongoing efforts to boost opportunity in rural communities, Agriculture Secretary Tom Vilsack today awarded six low-interest loans to local governments and community organizations that will spur rural economic development in five states. Secretary Vilsack announced the awards at the Legislative Conference of the National Association of Counties during a seminar with the White House Rural Council.

"These loans will improve rural economies by providing capital to small and emerging businesses," Vilsack said. "Access to capital is too often the missing link that stands between success and failure for many businesses. This funding will help ensure that emerging rural businesses will have the resources they need to grow and prosper."


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