Agriculture Secretary Tom Vilsack today awarded nearly $20 million through 385 grants to help support the start-up or expansion of rural small businesses.
“These grants will strengthen the economic fabric of our rural small towns and communities by providing capital to small and emerging businesses,” Vilsack said today during a visit to the Pine Ridge Indian Reservation.
USDA is awarding the grants through the Rural Business Development Grant (RBDG) program. Recipients may use the funds to provide technical assistance, training and job-creation activities.
The Value Added Agriculture Development Center, based in Pierre, S.D., is receiving a $49,500 grant to teach local businesses in Oglala Lakota County, which is on the Pine Ridge Indian Reservation, how to commercially process and successfully market buffalo meat.
In April 2015, the Obama Administration designated the Pine Ridge Indian Reservation one of eight new Promise Zones. Promise Zones are high-poverty communities where the federal government partners with local leaders to increase economic activity, improve educational opportunities, leverage private investment, reduce violent crime, enhance public health and address other community-identified priorities.
While Secretary Vilsack was in South Dakota, he highlighted USDA’s work to expand economic opportunities for Native Americans and rural residents throughout the state. For example, he announced that the Oglala Sioux Tribe is receiving a $1.85 million grant to construct a storage building and cell for a solid waste landfill.
Other RBDG recipients in South Dakota include:
• $99,995 awarded to Four Bands Community Fund, Inc. for technical assistance, training and education.
• $10,000 awarded to Brookings Economic Development Corporation for computer equipment and software.
• $96,500 awarded to Burke Business Promotion Corporation to set-up a revolving loan fund.
Funding of each award announced today is contingent upon the recipient meeting the terms of the grant agreement.
USDA’s Rural Business Development Grant Program is one of several that support rural economic development. Since the start of the Obama administration, USDA’s Rural Business-Cooperative Service has helped 85,000 rural 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.