Last fall, South Dakota USDA Rural Development highlighted a valuable partner; GROW South Dakota, formerly known as the Northeast South Dakota Economic Corporation, for its 18 year partnership in community lending. While giving back to the communities they serve, GROW South Dakota has also contributed to the region as a whole through its fiscal administrative support of regional planning and development through a Rural Business Enterprise Grant (RBEG) and a Rural Business Opportunity Grant (RBOG).
Said South Dakota State Director Elsie Meeks, “The total impact that GROW has had is not just measured in loans made or jobs created; they have assisted in the stabilization and creation of thriving, vibrant communities in rural South Dakota.” USDA funds have been used to develop and provide web-based technical assistance for the region’s partnering organizations and for a regional website that provides a central link to local organizations and expertise for the current technology and available social media. Read more »
From left to right, Jay Risinger, VantageSouth Bank; Michael Drozd, President and CEO, Wright Foods; Lillian Salerno, Acting Administrator, USDA Rural Development Business-Cooperative Service, USDA Rural Development; Brad Neigel, VantageSouth Bank; Heidi Whitesell, VantageSouth Bank; and David Thigpen, USDA Rural Development. A USDA loan guarantee helped Wright Foods in North Carolina expand, creating 80 jobs. (USDA photo)
During these difficult economic times we know that one of the best ways to help aid in the recovery process is to assist businesses that create jobs, and spur growth. In Troy, North Carolina, USDA Rural Development had the opportunity to highlight our successful efforts with a local company Aseptia/Wright Foods.
Lillian Salerno, Acting Administrator for USDA’s Rural Business and Cooperative programs, visited the local business. Under USDA Rural Development, USDA guaranteed a $5.5 million loan last year for Aseptia to purchase a building, equipment and make building improvements for their first commercial-scale manufacturing facility. Read more »
It has been nine years since the employees of the Mereen-Johnson Foundry banded together and risked their retirement savings in order to keep their jobs and secure a future for themselves and their families by buying the foundry. Dakota Foundry, Inc. is a manufacturer of gray and ductile iron castings, located in Webster, South Dakota, and it was on the brink of closure until the employees stepped up to the plate. Read more »
In recent months, the Federal budget has dominated the conversation here in Washington. At the U.S. Department of Agriculture, we have been working hard on mission critical priorities, even as we implement mandatory across-the-board budget cuts.
The good news is that our proactive efforts to cut costs have saved more than $828 million in recent years, putting us in a better position to deliver important programs.
But we also have not lost sight of a key requirement for these programs to continue: passage of a comprehensive, multiyear Food, Farm and Jobs Bill. Read more »
Susan M. Corbett owns and operates Axiom Technologies, a telecommunications company headquartered in Machias, Maine. Axiom was able to expand and purchase its own building with funding support through USDA. USDA photos.
Earlier this month, Revolving Loan Fund partners representing 13 Maine Intermediaries and 8 Microenterprise Development Organizations gathered at the USDA State Office in Bangor to listen to and share ideas for investing in rural Maine businesses. This meeting was one of dozens of Revolving Loan Fund Roundtables taking place around the country to assist USDA’s Intermediary Relending Program (IRP) and Rural Microentrepreneur Assistance Program (RMAP) providers share Best Practices and challenges encountered in financing business projects in rural areas. In Maine, there is approximately $9.3 million in existing revolving loan funds for credit-worthy businesses seeking capital. Read more »
Goats are an important part of the solution to global food security. USDA-ARS Photo. Taken by Heather Huson.
This post is part of the Science Tuesday feature series on the USDA blog. Check back each week as we showcase stories and news from USDA’s rich science and research portfolio.
USDA scientist Tad Sonstegard’s comparison of the World Food Programme’s “Hunger Map” to the Food and Agriculture Organization’s goat census statistics, reveals that 90 percent of all goats in the world are located in main ‘hunger zones’ of Sub-Saharan Africa and South Asia. What’s the connection? Goats are a common animal of the poorest people, and they are an important part of the solution to global food security. They are fairly low maintenance and easy to raise and farm. Read more »