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USDA announces grants for rural development
DES MOINES (DTN)--Secretary of Agriculture Ann M. Veneman Aug. 26 announced the selection of 83 applicants in 45 states to receive approximately $11.3 million in grants for business development and job creation. The funds support President Bush's efforts to create jobs and improve economic opportunities in rural areas, according to a U.S. Department of Agriculture news release.
"Rural business entrepreneurs are the backbone of America's rural economy," said Veneman in the release. "The funds announced today will further stimulate local economies and help to create and save thousands of jobs."
Two types of business grants are being awarded through USDA Rural Development to finance or develop small and emerging businesses. They are: Rural Business Enterprise Grants (RBEG), which can be used for a variety of purposes, including technical assistance, machinery and equipment purchases, revolving loan fund creation, and building construction, and; Rural Business Opportunity Grants (RBOG), which help sustain economic development in communities with exceptional needs by supporting their economic planning, technical assistance and business training costs.
Veneman said that $745,575 in RBEG grants will be awarded to the Community Transportation Association of America to assist with providing technical assistance to improve rural passenger transportation systems and facilities in nine states. Additionally, $1.9 million in RBEG funds will be used to assist public broadcasting networks in Oregon, Maine, Alaska, North Dakota and Vermont with informational programming on rural related issues.
Date: 8/26/04
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