Agriculture Secretary Vilsack Announces Economic Development Funding to Create Jobs and Economic Opportunities in Rural Communities - Nebraska Enterprise Fund is a Recipient

Name
Vicki Schurman
City
Washington
State
District of Columbia
Release Date
Jun 12, 2014

Agriculture Secretary Tom Vilsack today announced the selection of 48 community-based organizations in 26 states, the District of Columbia and the Commonwealth of Puerto Rico for grants to promote economic growth, support rural business development and create jobs.

A Rural Community Development Initiative grant of $129,541 is being awarded to Nebraska Enterprise Fund at Oakland, Neb. The funds will be used for capacity training and direct, one-on-one technical assistance to GROW and REAP; assist these programs in providing training to micro/small businesses in rural Nebraska and continue to build regional sharing networks for business development resource providers.  Those include local, rural economic development organizations and chambers of commerce or Main Street organizations that also assist businesses.

“These grants will bring increased economic opportunities to rural residents and communities by strengthening the capacity of regional organizations to help small and emerging businesses,” Vilsack said.  “They also will help organizations experienced in economic development create more job opportunities for rural residents across the country.”

USDA is making the investments through the Rural Community Development Initiative Program (RCDI).  It helps community-based development organizations, federally recognized Indian tribes and other groups promote economic growth in low-income, rural communities.   Recipients are required to obtain matching funds, which increase the value of the grants.  USDA does not provide the grants directly to businesses or individuals.  Instead, the Agency awards the money to public or non-profit intermediaries.  Much of the RCDI funding is regional in nature and underscores USDA’s support of locally-based development strategies.

Under today’s announcement, USDA is providing $6.7 million to strengthen local and regional economic development enterprises.  Funding for recipients announced today is contingent upon the grantee meeting the terms of the grant agreement.

The Rural Community Development Initiative program has a proven history of bringing economic benefits to rural communities.  In 2012, the Iowa Economic Development Authority (IEDA) used a $200,000 RCDI grant to provide funds to IEDA to help more than 50 non-profit recipients develop marketing and branding strategies for community assets.  Local groups learned how to collect and review demographic data, and to identify business retention, expansion and recruitment strategies.  This process, dubbed “Re-Energizing Main Street’s Economic Performance,” helped implement a revitalization and growth plan for downtown businesses.

President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities. USDA's investments in rural communities support the rural way of life that stands as the backbone of our American values.