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Posts tagged: Business and Industry Guaranteed Loan

South Dakota: A Strong Force in Economic Development

Legends Suspensions owner Jesse Jurrens demonstrating a custom manufactured spring coil

Legends Suspensions owner Jesse Jurrens demonstrates a custom manufactured spring coil from their Sturgis-based manufacturing center.

To me, the phrase ‘economic development’ is more than a buzzword – and that was reinforced during an all-too-brief trip to western South Dakota. It’s easy to get caught up in the policymaking and program implementation in Washington, D.C., and I find great value in getting to the field so I can see exactly how these programs are helping our local stakeholders and partners, small business lenders, and entrepreneurs make investments in the local economy.

I started out the day in Sturgis, where we met up with Legends Suspensions owner Jesse Jurrens. With the backing of two Business & Industry Guaranteed Loans, Jesse has shaped and changed the sport and lifestyle of motorcyclists globally. With his lean and efficient business model, he’s become a global force in motorcycle suspensions. We also visited Landsport, another Sturgis-based business that specializes in manufacturing and marketing aluminum loading ramps, drop deck ramps, service ramps, and other custom applications. Landsport used a Business & Industry guaranteed loan to expand its production and work staff. After meeting with the staff at both facilities, I walked away knowing these operations have a long-term vision for success and growth.  USDA and our lending partners helped give them the freedom to execute that vision. Read more »

Rural Battery Manufacturer Gets Boost from USDA Business Program

Superior Battery used USDA support to improve efficiency and hire new workers for its battery manufacturing plant in Russell Springs, Kentucky.

Superior Battery used USDA support to improve efficiency and hire new workers for its battery manufacturing plant in Russell Springs, Kentucky.

Small business owners face countless challenges when it comes to finding success in the global marketplace – and for those in rural areas, the challenges are often more pronounced.

For more than 30 years, Superior Battery has been manufacturing a wide range of batteries from its plant in Russell Springs, Ky. The business is locally owned and operated, and was started by Randy Hart – an Air Force veteran and tool-and-die enthusiast – his wife and four nephews. Read more »

Rural Manufacturer “Legend” Rides into the Sturgis Motorcycle Hall of Fame with USDA Backing

Legend Air Suspension Owner Jesse Jurrens speaks at his induction into the Sturgis Motorcycle Museum Hall of Fame.

Legend Air Suspension Owner Jesse Jurrens speaks at his induction into the Sturgis Motorcycle Museum Hall of Fame.

The 74th Annual Sturgis Bike Rally roared through South Dakota the first part of August with a week of activities and events. One noteworthy event was Jesse Jurrens, owner of Legend Suspensions, being inducted into the Sturgis Motorcycle Museum & Hall of Fame at the 14th Annual Hall of Fame Induction Breakfast held at the Lodge in Deadwood, SD.

Rural Development Area Director Tim Potts was on-site on my behalf to represent the agency and congratulate Jesse on this major milestone.  The mission of the Hall of Fame is to collect, preserve, and interpret the history of motorcycling, honor those who have made a positive and significant impact on the sport and lifestyle, and pay tribute to the heritage of the Sturgis Rally.  Jesse definitely has shaped and changed the sport and lifestyle of motorcyclists globally and is inspiration for future generations. Read more »

In Colorado, Partnerships Bloom in Support of Regional Food Systems

Evan Premer, an Army veteran, inspects aeroponically grown greens at his family-owned Aero Farm in Denver, Colorado. Photo Credit: M. Kunz.

Evan Premer, an Army veteran, inspects aeroponically grown greens at his family-owned Aero Farm in Denver, Colorado. Photo Credit: M. Kunz.

This summer, USDA is highlighting partnerships to invest in the future of rural America. Our partners work with us year after year to leverage resources and grow economic opportunities. They are the key to ensuring our rural communities thrive. Follow more of our stories on Twitter at @USDA or using the hashtag #RuralPartners.

Strong local and regional food systems are anchored in durable relationships. The USDA is proud to work closely with organizations and individuals and other entities across the country who are dedicated to building the networks and infrastructure local food systems need.  One partnership in the making is with the Sustainable Agriculture and Food System Funders (SAFSF).  SAFSF is a network of over 85 grantmakers supporting sustainable agriculture and food systems. Established in 1991, SAFSF has been a philanthropic leader in local and regional food system development.

Recently, SAFSF held their 12th annual meeting in Denver, Colorado. The meeting allowed USDA Know Your Farmer Know Your Food team members to interact with foundation leaders as part of our ongoing effort to explore ways USDA programs can leverage non-government funds more strategically.  The agenda included site visits to local food projects where public-private partnerships can make a difference. Read more »

Agriculture is Smart for Smart Growth

USDA Rural Development’s Business and Loan Guarantee Program supported new construction for an expanded Brattleboro Food Coop in Brattleboro, Vermont. The original plan for two stories was expanded to four thanks to an innovative partnership with the Windsor Housing Trust to develop mixed-income apartments.

USDA Rural Development’s Business and Loan Guarantee Program supported new construction for an expanded Brattleboro Food Coop in Brattleboro, Vermont. The original plan for two stories was expanded to four thanks to an innovative partnership with the Windsor Housing Trust to develop mixed-income apartments.

“Smart Growth” is a term we hear more and more often.  It is the idea that as communities plan for the future, they consider the highest and best use of every resource – land, infrastructure, organizations and people.    From housing to transportation to energy to food; community developers and planners are asking how Smart Growth principles can be applied to ensure a sustainable and dynamic future for their communities and their residents. Read more »

Deputy Under Secretary Encourages Michigan USDA Home Loan Borrowers to Explore a Streamlined Refinancing Pilot Program

Last week, USDA Rural Development in Michigan got an early start on Homeownership Month by promoting a pilot refinancing program, announced in February by Secretary Tom Vilsack, to help residents with current USDA home loans reduce their payments.

Deputy Under Secretary for Rural Development Doug O’Brien and USDA Rural Development State Director for Michigan James Turner made the announcement at the Portage office of AmeriFirst Home Mortgage, a leading partner with USDA’s Guaranteed Home Loan program. Read more »