WASHINGTON, June 29, 2011 – Agriculture Secretary Tom Vilsack today announced the selection of 21 utilities in 11 states for loans and grants to help rural businesses expand and create jobs.
"These loans and grants help cooperatives and utilities support local projects that create jobs and improve rural economic conditions," Vilsack said. "USDA is proud to be a partner in the effort to bolster these cooperatives and help them win the future by increasing the value and appeal of the products and services they deliver."
The loans and grants are being provided through USDA Rural Development's Rural Economic Development Loan and Grant program. Recipients are rural utilities program borrowers that pass the funds to local organizations for projects to retain and create jobs, upgrade public infrastructure, improve service delivery and improve the quality of life for area residents and visitors.
To read the full, original article click on this link: Release No. 0285.11
