USDA Announces Rural Development Funding

Funding will assist rural entrepreneurs in creating new jobs.

Published on: Sep 12, 2012

Minnesota: Greater Jobs, Inc. – $385,563 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development.

New Hampshire: Rockingham Economic Development Corporation – $400,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development.

New Mexico: New Mexico Community Development Loan Fund, Inc. – $400,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development.

New York: Cattaraugus County Business Development Corporation – $400,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development.

North Dakota: South Central Dakota Regional Council – $151,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development in nine counties in the central part of the state.

Oregon: Greater Oregon Development Corporation – $400,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development.

Pennsylvania: Altoona Blair County Development Corporation – $400,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development.

South Carolina: Small Business Assistance Corporation – $400,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development; Southern Association for Financial Empowerment – $285,563 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development in 14 counties.

South Dakota: Northeast South Dakota Economic Corporation – $400,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development; Rural Electric Economic Development, Inc. – $400,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development.

Texas: La Feria Industrial Development Corporation – $400,000 loan. Funds will be used to help sustain existing businesses and recruit new businesses in and around the City of La Feria.

Western Pacific: Pacific Island Development Bank – $350,000 loan. Funds will provide low-interest loans to public and non-profit organizations for business and community development in Guam.

For more information, visit Rural Development's Web page.