SECRETARY VILSACK ANNOUNCES CRITICAL FUNDING FOR RURAL BUSINESSES
News Date October 27, 2009
Last week, Agriculture Secretary Tom Vilsack announced $71.1 million in guaranteed loans in an effort to invigorate rural businesses. The funding was made available through the USDA-Rural Development's Business and Industry Guaranteed Loan Program, which is part of the $1.7 billion made available through the American Recovery and Reinvestment Act. "The Recovery Act funds announced today will help businesses get access to the capital they need to launch and expand their businesses and help bring additional jobs to America's small cities and towns," Vilsack said. For additional information regarding the Business and Industry Guaranteed Loan Program, please visit the USDA-RD website. (By Ethan Mathews, Policy Contact: David Hickey)