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Rural Council commits billions to infrastructure projects
The White House Rural Council is committing $10 billion to create a new U.S. Rural Infrastructure Opportunity Fund for job-creation and rural infrastructure projects across the country. The USDA says greater investment is expected to follow. US Ag Secretary Tom Vilsack says the investments will be made in the form of loans through CoBank, a cooperative lender that’s part of the Farm Credit System.
“There is significantly greater demand for credit than the U.S. Department of Agriculture’s Rural Utilities Service has to service all the projects,” said Vilsack on a conference call this week. “In other words, there’s a waiting list of water and waste water projects out in rural America that we would love to fund, but we simply don’t the capacity to do it.”
Target investments include hospitals, schools, and other rural infrastructure.
Creation of the new fund was announced during the first-ever White House Rural Opportunity Investment Conference to promote investment opportunities in America’s rural communities.
Tags: Consumer Issues, USDA
Beware of Govt money. Agenda 21 is attached.