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  • God's Command to Nations and People

    O PRAISE the Lord, all ye nations: praise him, all ye people.
    2 For his merciful kindness is great toward us: and the truth of the LORD endureth for ever. Praise ye the LORD. (Psalm 117:1-2 [The Holy Bible])

  • USDA Rural Development Invites Applications For Rural Economic Development Funding

    by
    StaffReporters
    Published on 02-15-2011 09:44 PM
    USDA Rural Development Invites Applications For Rural Economic Development Funding




    Investing In Rural America Essential to Job Creation and Business Growth





    WASHINGTON - - (February 15, 2011) - - Agriculture Secretary Tom Vilsack today announced that USDA is accepting applications for loans and grants to create jobs and spur economic development. Funding is provided through the Rural Economic Development Loan and Grant (REDLG) program.

    "In his State of the Union address, President Obama laid out a vision for 'winning the future,' with a call to 'out-innovate, out-educate, and out-build the rest of the world,'" said Vilsack. "These investment opportunities will promote business expansion and entrepreneurship by helping local businesses get access to capital, technical assistance and new markets for their products and services."

    REDLG provides loan and grant funding for rural projects through local utility cooperatives. Under the program, USDA provides zero-interest loans and limited grant support to utilities. The funds are re-loaned to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. For more information on this program, visit http://www.rurdev.usda.gov/BCP_redlg.html.

    Applications must be received by March 31 for 3rd quarter funding and June 30 for 4th quarter funding. For further details about eligibility rules and application procedures, see the February 14, 2011 issue of the Federal Register, page 8334.

    USDA, through its Rural Development mission area, administers and manages more than 40 housing, business and community infrastructure and facility programs through a national network of state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. Rural Development has an existing portfolio of nearly $146 billion in loans and loan guarantees.

    Courtesy US Department of Agriculture

    Light To Guide Our Feet Victory Bulletin [LTGOFVB February 2011]
    Categories:
    1. America
    2. National News
    3. Outreach
    4. Minority Business
    5. Female Business
    6. New Business

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