2016-10-5: USDA announces funds to promote rural economic development

USDA announces funds to promote rural economice dervelopment

Wednesday, October 5th 2016

At the White House Rural Forum convened today at Pennsylvania State University, Agriculture Secretary Tom Vilsack announced $32 million in loans and grants that will promote economic development and provide access to broadband in more than 80 rural American communities. Vilsack, who is chair of the first-ever White House Rural Council, convened the forum with rural policy, business and nonprofit leaders to discuss pertinent issues facing rural communities, including opportunities for economic growth and strategies for improving health care and housing.  Significant gains have been made across rural America: Rural household income climbed 3.4 percent in 2015, overall poverty and food insecurity fell dramatically, rural populations have begun to rebound, non-metro areas have added more than 250,000 jobs since 2014, and the share of rural Americans without health insurance is now at an all-time low. The White House Rural Council, established by President Obama in 2011, coordinates the Administration's efforts in rural America by streamlining and improving the effectiveness of federal programs, engaging stakeholders on priority issues, and coordinating private-sector partnerships to create economic opportunity and improve the quality of life. With today's funding, USDA is investing in 86 projects through the Rural Economic Development Loan and Grant program, the Rural Microentrepreneur Assistance Program, the Intermediary Relending Program, the Rural Business Development Grant Program and the Community Connect program.