Projects will support small business, job creation, and entrepreneur training in rural Nebraska
USDA Rural Development state director Maxine Moul announced the selection of four projects to support small business, job creation opportunities and training of entrepreneurs in rural Nebraska.
The four organizations will receive funds from the Rural Business Enterprise Grant program. USDA remains focused on carrying out its mission, despite a time of significant budget uncertainty. The announcement is one part of the department’s efforts to strengthen the rural economy.
Southeast Nebraska Development District in Lincoln, Neb., $30,000 RBEG leveraged with $30,150 to provide technical assistance and loan packaging services to small and emerging businesses in SENDD’s 15 county service area. Approximately five full time jobs will be created.
Sherman County Economic Development, Inc. of Loup City, Neb., $60,000 RBEG to establish a revolving loan fund for Sherman County and the five communities within the county in order to assist small and emerging businesses. It is projected that there will be 12 jobs created and/or saved as a result of this project. Matching funds of $22,500 are being provided by the applicant and $10,000 will be in leveraged funds.
Main Street Beatrice, Inc. in Beatrice, Neb., $18,500 RBEG including $975 in leveraged funds will be used to expand a previous USDA Rural Development RBEG revolving loan fund established in 2012. It is estimated that five new jobs will be created within the first year that the program is in place.
Loup Basin RC&D Council of Burwell, Neb., $61,500 RBEG along with $22,500 in leveraged funds will be used to provide technical assistance and training to farm businesses selling fresh foods to schools in the Loup Basin nine county area. Approximately five full time jobs will be created.
For additional information contact:
Norfolk—Bill Sheppard at 402-371-5350 or firstname.lastname@example.org;
Kearney—Kelley Messenger at 308-237-3118 or Kelley.email@example.com;
Scottsbluff—Marla Marx at 308-632-2195 or firstname.lastname@example.org; or
Lincoln—Deborah Drbal at 402-437-5558 or Deborah.email@example.com.