WASHINGTON — Agriculture Secretary Tom Vilsack announced Tuesday the award of $22.5 million in loans and grants for organizations in nine states to promote rural economic development.
The funding is being provided through USDA’s Rural Economic Development Loan and Grant (REDLG) program. Under this program, USDA provides zero-interest loans and grants to utilities that lend funds to local businesses for projects to create and retain employment in rural areas.
USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Barrack Obama and Vilsack are committed ensuring the government is a strong partner for businesses, entrepreneurs and working families in rural communities.