USDA Provides Funding to Support Small Business

Name
Samantha Evenson
City
Bismarck
State
North Dakota
Release Date
Oct 21, 2014

USDA Rural Development Acting State Director Bill Davis today announced more than $300,000 in business grants to four North Dakota recipients. The grants will provide support to small and emerging rural businesses.

 

“These investments will help grow and diversify our rural communities,” said Davis. “By supporting private business, new job opportunities are created and economic activity is spurred.”

 

The funding is from USDA’s Rural Business Enterprise Grant (RBEG) program, which promotes private business development.

 

  • Garrison Area Improvement, Inc. – $96,000 grant. The funding will be used for infrastructure improvements to commercial lots. The project will help create a new industrial park in Garrison.

 

  • Coalition of Indian Housing Authorities  – $177,614 grant. The funding will be used to start a revolving loan fund for Native Americans. The loan fund will provide technical assistance for private business development.

 

  • Tri-Cities Joint Job Development Authority – $10,000 grant. The funding will be used to purchase equipment that will be leased to a veterinary hospital in Elgin.

 

  • South Central Dakota Regional Council – $24,000 grant. The funding will be used to provide individual technical assistance for private business development.

 

Since 2010, USDA Rural Development has invested more than $3 million in business grants to generate economic activity and revitalize communities in North Dakota. For more information on USDA programs, please call (701) 530-2037 or visit http://www.rurdev.usda.gov/nd.

 

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