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USDA Invests $35 Million to Support Local Businesses, Create Good-Paying Jobs and Strengthen the Economy in Rural Michigan

Name
Alec Lloyd
Phone
City
East Lansing
Release Date
Feb 02, 2022

United States Department of Agriculture (USDA) Secretary Tom Vilsack today announced the Department is investing $1.4 billion to help a diverse rural America keep resources and wealth right at home through job training, business expansion and technical assistance.

“For some time, rural America has been at the mercy of an extraction economy, where resources are taken from rural lands only to create jobs and economic opportunity in urban and suburban areas,” Vilsack said. “That’s why USDA is committed to doing what we can to change that extraction economy into a circular economy, where value is added closer to home, so the wealth created in rural areas stays in rural areas. Today’s announcement underlines the Biden-Harris Administration’s commitment to helping transform the economy and bring high-paying jobs and economic opportunities to the people who need it most.”

“These investments will help a variety of businesses across Michigan,” said USDA Rural Development State Director for Michigan Brandon Fewins.  “This is a great opportunity for interested individuals and organizations to contact us and see how we can help you to increase rural prosperity.”

Michigan has 14 projects with a total of $34,353,000 in loans and $1,145,920 in grants:

 

Recipient

Loan

Grant

Program

Konos, Inc.

$5,000,000

 

Business & Industry CARES Act

Advanced Battery Concepts, LLC

$4,024,000

 

Business & Industry CARES Act

Aircraft Precision Products, Inc.

$1,500,000

 

Business & Industry CARES Act

Fortis Energy Services, Inc.

$5,000,000

 

Business & Industry CARES Act

Bayberry Group, Inc.

$8,338,000

 

Business & Industry Loan Guarantees

Black Hawk Adrian

$2,991,000

 

Business & Industry Loan Guarantees

Ebels Family Center, Inc.

$6,600,000

 

Business & Industry Loan Guarantees

Great Lakes Energy Cooperative

$900,000

 

Rural Economic Development Loan & Grant Program

Northern Great Lakes Initiatives

 

$70,920

Rural Microentrepreneur Assistance Program

Epple Family Farms, LLC

 

$250,000

Value Added Producer Grants

Andrew Rupprecht

 

$75,000

Value Added Producer Grants

Schilling Family Farms, LLC

 

$250,000

Value Added Producer Grants

Gallagher's Vineyard & Winery Corporation

 

$250,000

Value Added Producer Grants

Thunder Bay Winery, LLC

 

$250,000

Value Added Producer Grants

Total

 $34,353,000

$1,145,920

 

 

Background:

Vilsack highlighted 751 investments that USDA is making in eight programs specifically designed to create economic opportunities for people and businesses in rural areas. These programs include Business and Industry (B&I) Loan Guarantees, which provided record-breaking investments in fiscal year 2021, and the B&I CARES Act Program, which has helped create thousands of jobs with funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Programs also include Rural Innovation Stronger Economy (RISE) Grants, Rural Economic Development Loan and Grant Program, Rural Cooperative Development Grant Program, Rural Microentrepreneur Assistance Program, Intermediary Relending Program and Value-Added Producer Grants.

These programs are part of a suite of business and cooperative services that are projected to help create or save more than 50,000 jobs in rural America through investments made in fiscal year 2021.

Under the leadership of the Biden-Harris Administration, Rural Development provides loans and grants to help expand economic opportunities, create jobs and improve the quality of life for millions of Americans in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural, Tribal and high-poverty areas. For more information, visit www.rd.usda.gov. USDA Rural Development is prioritizing projects that will support key priorities under the Biden-Harris Administration to help rural America build back better and stronger. Key priorities include combating the COVID-19 pandemic; addressing the impacts of climate change; and advancing equity in rural America. For more information, visit www.rd.usda.gov/priority-points. If you’d like to subscribe to USDA Rural Development updates, visit our GovDelivery subscriber page.

USDA touches the lives of all Americans each day in so many positive ways. Under the leadership of the Biden-Harris Administration, USDA is transforming America’s food system with a greater focus on more resilient local and regional food production, fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate-smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit www.usda.gov.