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Posts tagged: Rural Economic Development Loan and Grant Program

USDA Celebrates National Small Business Week

Grand Union Hotel owner Cheryl Gagnon giving Under Secretary Lisa Mensah a tour of the renovated historic hotel in Fort Benton, Montana

Grand Union Hotel owner Cheryl Gagnon gives Under Secretary Lisa Mensah a tour of the renovated historic hotel in Fort Benton, Montana. The Gagnons used a Business & Industry Loan Guarantee to finance the rehabilitation, along with financing from a revolving loan through Bear Paw Development funded by USDA’s Intermediary Relending Program. Just another example of how USDA Rural Development helps America's rural small businesses.

America’s economy rides on the wheels of small businesses.

The U.S. Small Business Administration says more than half of Americans either own or work for a small business. The contributions of these firms will be honored May 1-7 during National Small Business Week — #DreamSmallBiz — and USDA Rural Development is proud to join in the celebration.

As the leading federal agency working exclusively to foster economic opportunity in rural America, Rural Development knows Main Street businesses drive the rural economy. Money earned and spent at a small town “mom-and-pop” store, or a small-scale manufacturer gets re-invested locally. Read more »

Rural Community Development Spurs Growth

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.

Though many of us don’t see farmers every day, we certainly see and benefit from the products of their farms every day. Rural America makes many cameos in urban and suburban life, from the array of foods we eat to the sweaters our Olympic and sports champions wear and the batteries that power our cars. A recent White House blog states that although Rural America provides the vast majority of food and energy benefits for the rest of the country, too many Americans in rural areas are not sharing in the nation’s economic growth. Infrastructure development, technological advancement and school improvement can contribute significantly to rural and community development strategies that could spur economic growth. USDA is committed to spreading the Nation’s prosperity to rural areas, and has a long history of funding programs aimed at promoting rural America. Read more »

$1 Billion Invested in Rural Health Care Across 13 States

In late 2011, the President announced a White House Rural Council initiative lead by the US Department of Health and Human Services (HHS) and US Department of Agriculture (USDA) to invest in rural health and link rural doctors and hospitals to financing for health IT. The initiative was designed to address the need for financing to support the adoption of health IT systems in rural communities.  Financing has been cited as one of the top challenges for rural doctors and hospitals serving remote and poor communities.

Between 2012 and 2014, the HHS and USDA led initiative generated approximately $1 Billion in rural health care financing across 13 states. These investments, funded by USDA, included grants and loans to help rural clinics and hospitals transition from paper to electronic health records (EHRs), encourage exchange of health information with health care providers and patients, and offer telehealth services. Read more »

Under Secretary Highlights USDA Job Promotion Efforts in Albert Lea, Minnesota

USDA Support helps Mrs. Gerry’s, an Albert Lea, Minn. Business grow and create jobs. ( From left its Colleen Landkamer, USDA Rural Development Minn. State Director; Chad Vogt, Mrs. Gerry’s, Inc.; and Under Secretary Dallas Tonsager.

USDA Support helps Mrs. Gerry’s, an Albert Lea, Minn. Business grow and create jobs. ( From left its Colleen Landkamer, USDA Rural Development Minn. State Director; Chad Vogt, Mrs. Gerry’s, Inc.; and Under Secretary Dallas Tonsager.

What started as a small operation almost 40 years ago has grown into major contributor to the economy in Albert Lea, Minn.

Mrs. Gerry’s Kitchen, Inc., started on Dec. 4, 1973, in a building that occupied 1,100 square feet. Today, Mrs. Gerry’s is adding a 36,500 square-foot addition that will bring its building to over 100,000 square feet and help meet growing customer demand for its real (no flaky stuff here) mashed potatoes and other products. Read more »

USDA Support Helps Build Feed Mill, Boosts Small Businesses in Southwestern Minnesota

Kyle Oldre, Rock County Administrator speaks at the dedication as State Director Colleen Landkamer and other dignitaries look on.

Kyle Oldre, Rock County Administrator speaks at the dedication as State Director Colleen Landkamer and other dignitaries look on.

As construction crews were busy putting the finishing touches on New Vision Co-op’s new grain elevator and feed mill in Magnolia, Minn., last month, USDA Rural Development State Director Colleen Landkamer and other area leaders visited the site to highlight the economic impact of the project.

“This investment by USDA means jobs and economic development opportunities,” Landkamer said. Read more »

A USDA Deputy Under Secretary Helps a Rural Iowa Community Break Ground on a New Hospital

Late last month, Deputy Under Secretary for Rural Development Doug O’Brien visited Manning, Iowa, and participated in groundbreaking ceremonies for the new Manning Regional Healthcare Center. The new hospital, which will replace a facility that was built in 1927, is receiving a $21 million loan from USDA Rural Development.

“Rural residents must have access to the best available care, and this medical campus will provide decades of service to the residents of this region,” O’Brien said. “President Obama’s plan for rural America has brought about historic investments and resulted in stronger rural communities.”

When construction is completed, Manning Regional Healthcare Center’s new 17-bed critical access hospital will also include a physician clinic and recovery center that will provide substance abuse treatment services for up to16 patients in a partial residential setting. Read more »