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Rural job development funds in 17 states

Funding to bolster job opportunities in rural areas is being distributed in 17 states. The USDA’s Rural Development agency is providing more than $12 Million in rural economic development loan and grant programs for those projects.

Lillian Salerno, the USDA’s Rural Business Cooperative Service Administrator, outlines some of the projects.

In Missouri…

“The Justine Peterson Housing Reinvestment Corporation – which is a loan amount of $750-thousand and those funds will be used to establish a revolving loan fund to assist small businesses. And, then, the second one in Missouri is for the Missouri Research Corporation – which the loan amount is $1-Million – and funds will be used to establish a revolving loan fund to assist small businesses in Southeast Missouri.”

In Wisconsin…

“That grant goes to the was to the Polk-Burnett Electric Cooperative and that was to support funds to construct a fire station for a fire-fighting association that serves six townships.”

In South Dakota…

“To the West River Foundation for $750-thousand dollars in loans and those funds will be used to provide loans to public and non-profit organizations to re-lend for business and community development projects. These projects are anticipated to save – save or create – approximately 100 jobs.”

In Ohio…

“To the Neighborhood Development Services, Incorporated and these funds will be used to provide loans to public and non-profit organizations to re-lend for business and community development projects in Summit and Portage Counties.”

Salerno made the announcement on behalf of Ag Secretary Tom Vilsack Tuesday at the National Veterans Small Business Conference in St. Louis.

AUDIO: Interview with Lillian Salerno (6:00 mp3) 

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