The USDA has recently announced an additional $1,623,000 investment to promote economic development in rural Missouri communities. The funds were awarded to three projects in Missouri through the Rural Economic Development Loan and Grant (REDLG) program and the Rural Business Development Grant (RBDG) program.
“This funding is going to provide the means necessary to create and retain jobs in rural communities,” said Missouri State Director Janie Dunning. “Programs, such as our Rural Business Development Grants and our Rural Economic Development Loans and Grants, open the doors for so many economic development opportunities through business expansion and start-up. We are very excited for this funding.”
The REDLG and RDBG funds increase the capacity of rural communities to create jobs and seed economic development. Both programs offer an opportunity for economic developers to assist businesses with operations and training. Those receiving awards include the City of West Plains, White River Valley Electric Cooperative, Inc., and Laclede Electric Cooperative.
The City of West Plains received a $23,000 RBDG to hire a private economic development consultant to develop a proposal for recruiting a major manufacturing corporation and jobs.
White River Valley Electric Cooperative, Inc. received a $1,000,000 REDL to help the Cox Medical Center in Branson to create a Childcare Learning Center Facility to provide daycare services, childcare education, and kindergarten readiness in the persistent poverty area of Branson. This project will create 29 jobs.
Laclede Electric Cooperative received a $600,000 REDL to help the City of St. Robert construct a fire and rescue station. This project will create two jobs and help support four existing ones.
Further information on additional programs is available by visiting the USDA-Missouri Rural Development website at http://www.rd.usda.gov/mo.
President Obama’s historic investments in rural America have made our rural communities stronger. Under his 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.
USDA, through its Rural Development mission area, has an active portfolio of more than $215 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.