United States Department of Agriculture (USDA) Rural Development Acting State Director for Kansas Dan Fischer today announced that the USDA is investing $480,000 in a loan to support rural economic development in Erie.
“When we invest in infrastructure, we’re investing in the people of rural America to help create thriving communities where they can grow and prosper” Fischer said. “The USDA is working tirelessly to be a strong advocate economic development in rural communities across the country.”
USDA is providing the funding through the Rural Economic Development Loan and Grant (REDLG) program. Through this program, USDA provides zero-interest loans and grants to utilities. The utilities then lend funds to local businesses for projects that create and retain employment in rural areas. Eligible applicants are USDA’s Electric Program and Telecom Program borrowers.
Today’s announcement is part of a $14 million investment in rural economic development projects in 10 states.
The Erie loan will be used to help the city of Erie purchase and operate Stubs Market. This project will save nine jobs in the Erie community.
To learn more about investment resources for rural areas, interested parties should contact their USDA Rural Development state office.
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Under 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 is an equal opportunity provider, employer, and lender.
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