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Posts tagged: Slayton

USDA Revolving Loan Fund Creating Jobs, Boosting Businesses in Southwest Minnesota

Since 1997, Prairieland Economic Development Commission in Slayton, Minnesota, has been partnering with USDA Rural Development and local lenders to grow the economy and create jobs in southwestern Minnesota.

Prairieland has financed over 60 rural businesses and helped create hundreds of jobs using funds provided through four Intermediary Relending Program (IRP) awards from Rural Development. Prairieland’s main service area covers southwestern Minnesota and portions of northwest Iowa and eastern South Dakota.

John Padalino, the acting administrator of Rural Development’s business and cooperative programs, visited Worthington, Minn., on May 22 to see firsthand the impact Prairieland’s IRP investments are making in the community. Read more »