USDA Announces Grants

More than $2.7 million in grants are going to rural business.

Fifteen organizations in seven states have been selected to receive grants in excess of $2.7 million for job creation and economic development.

"These funds underscore USDA's commitment to foster a healthy business climate in rural areas," says Secretary of Agriculture Ed Schafer. "Helping small and emerging rural enterprises thrive is critical to our mission to deliver economic opportunity to rural communities."

Most of the grants are going to areas that have been declared disaster areas. Several of the grants will be used in a revolving loan fund to help rural businesses rebuild following recent flooding and tornados.

The grants are funded through USDA Rural Development's Rural Business Enterprise Grant program, and funding of individual recipients is contingent upon their meeting all the requirements of the grant agreement.

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