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USDA to Expend $980 million in Rural Areas for Essential Services

 12/08/2022

On December 6th, the USDA announced that $980 million would be distributed among 47 states and two territories to improve essential services in rural areas.

 

Tom Vilsack, Secretary of the USDA, stated, “Rural people provide the everyday essentials our country depends on and USDA is dedicated to helping people through job creation and expansion of entrepreneurial opportunities in the rural places they live.”

 

According to the press release, funding will provide financing and technical assistance for rural Americans to establish businesses and to allow existing companies to expand.  Funds will be awarded in eight programs with 242 recipients.

 

Examples of funding include:-

 

  • The West Dallas Water Authority in Alabama will receive a $788,000 grant and a $268,000 loan to upgrade the water system benefitting 69 homes and a church, in addition to improving the lives of 3,500 residents in Dallas County, AL.

 

  • A medical clinic will be built in Woodbury County, IA using a $1.5 million loan and a $0.3 million grant.

 

  • Arsiero Air in Idaho will use a $4.5 million loan to purchase a heavy-lifting helicopter to expand timber harvesting.

 

As with all government programs, it is hoped that appropriate fiscal controls will be established to prevent fraud and wastage and that loans will be repaid.