United States Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Justin Maxson today announced that USDA is investing $14 million in rural economic development projects (PDF, 148 KB) in 10 states.
“When we invest in infrastructure, we’re investing in the people of rural America to help create thriving communities where they can grow and prosper. These loans and grants will help rural communities build back better and support job creation,” Maxson said. “Under the leadership of President Biden, Vice President Harris and Secretary Vilsack, USDA is working tirelessly to be a strong advocate for and investor in infrastructure and economic development in rural communities across the country.”
USDA is providing the funding through the Rural Economic Development Loan and Grant (REDLG) program. Through this program, USDA provides zero-interest loans and grants to utilities. The utilities then lend funds to local businesses for projects that create and retain employment in rural areas. Eligible applicants are USDA’s Electric Program and Telecom Program borrowers.
Today’s announcement includes investments in Illinois, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, North Carolina, Ohio and Tennessee. Listed below are some of the ways the REDLG program is creating opportunities in America’s rural communities.