USDA Rural Development has awarded $90,000 to Thayer County Economic Development Alliance (TCEDA) of Hebron, Nebraska. TCEDA leveraged $9,990 to the USDA dollars. The funds will be used to develop a revolving loan fund to be used to provide financial incentives for small and emerging private business enterprises within Thayer County, Nebraska.
"This is a fantastic opportunity for our small and emerging businesses," said Executive Director Jeremy Voss, TCEDA. “Previously, our role in capital assistance was relatively small but these funds will allow us to aid in much larger projects.”
“The revolving loan fund will be used to the maximum extent possible to create and/or retain jobs and broaden the county's tax base," said Business Programs Specialist Bill Sheppard, USDA Rural Development. "More specific loan uses would include providing real estate improvements, working capital, inventory, equipment, machinery, or other fixed assets; business construction and business expansion."
For more information contact Bill Sheppard at 402-371-5350 ext.4, the Rural Development office nearest you, or TCEDA’s Director Jeremy Voss at 402-768-1823.
For additional information on RD projects, please visit Rural Development’s new interactive web map featuring program funding and success stories for fiscal years 2009-2013. The data can be found at: http://www.rurdev.usda.gov/RDSuccessStories.html.
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.