Here at USDA, we know that having strong rural communities is critical to ensuring that rural America remains a viable place for families to call home. That’s why, through smart investments and regional partnerships, we continuously work to expand opportunities by fostering the creation of diverse and productive rural economies through everything from home loans to financing for infrastructure and business ventures.
Infrastructure, like homes, buildings, roads and power, is the first step toward prosperity and growth in any community. For small rural communities, however, large-scale infrastructure development can be challenging. Small towns have more limited resources and a smaller tax base that can make access to credit difficult. Fortunately, USDA Rural Development can help. We are proud to partner with rural communities across America to provide affordable financing for these essentials, including financing to bring high speed broadband, including remote, poor and under-served areas. Additionally, we provide loans, grants and technical assistance for water systems, wastewater systems, essential community facilities like schools and hospitals, small business start-up or expansion. Read more »
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 »
A sampling of foods produced for sale by Native American businesses. USDA photo by John Lowery.
During the National Congress of American Indians (NCAI) 71st Annual Marketplace & Convention, I had the privilege to host “Made in Native America: A Workshop on Native Business Exporting”. In this seminar, Tribal leaders and Native business owners came together to discuss the benefits and challenges of moving Native-made/Native-harvested products abroad.
“I believe as we start growing and working together, we’ll never have the poverty that we’ve seen in Indian Country,” says Karlene Hunter, CEO of Native American Natural Foods, during the workshop’s first panel. She continued by remarking, “You need to know your market. You need to know your capacity.” Read more »
Do you have a small business and want to do business with USDA? If so, you need to consider attending an upcoming event in Louisiana.
In support of the Obama Administration’s efforts to put Americans back to work and create an economy built to last, the USDA Office of Small Disadvantaged Business Utilization will host Rural Small Business Connections, a training event to provide small businesses with educational networking sessions and opportunities on how to successfully do business with the Agriculture Department and other Federal agencies. Read more »
The Federal Government recently announced that it met its annual government contracting goal for small business. The government contracting goals are measured as a percentage of overall government contracts awarded. The Federal Government mandates 23 percent to be awarded of all prime contracts to small businesses and for Fiscal Year 2013, the government awarded 23.9 percent.
USDA has consistently met or exceeded its small business goal and received another “A” for Fiscal Year (FY) 2013. In fact, USDA awarded 54.16 percent of eligible contracts to small businesses, exceeding the 53.5 percent goal provided the Department by the U.S. Small Business Administration. Read more »
Zena Forest Products' owner and Value Added Producer Grant recipient, Ben Deumling, explains the uses and values of different sizes of sustainably harvested Oregon white oak to USDA Rural Development Administrator for Rural Business Service Lillian Salerno at the company site near Salem, OR.
In his Small Business Week Proclamation earlier this week, President Obama said, “Small businesses represent an idea at the heart of our Nation’s promise — that with ingenuity and hard work, anyone can build a better life.”
Having started my own manufacturing company in rural Texas many years ago, I believe small business folks are American heroes. What it takes to get a business going and the immense responsibility of employing others and developing markets is very hard work especially in rural areas. The work of an entrepreneur is also rewarding and those relationships with employees, customers and the community are lifelong. For rural entrepreneurs, their companies are part of the fabric of the community.
One of the main obstacles getting a business off the ground is locating the capital to invest in communities. Seeking a business loan or receiving an equity investment is such a critical path for startups and to keep entrepreneurship vibrant in rural America because we know the type of jobs created by small business are the ladders of opportunity. Read more »