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Posts tagged: The Progress Fund

Agriculture Deputy Under Secretary Announces Small Business Development and Job Creation Support for Rural Pennsylvania

Recently, I joined USDA, Rural Development Deputy Under Secretary Cheryl Cook, employees of The Progress Fund, and several of their loan recipients for a funding announcement under  Rural Development’s Rural Microentrepreneur Assistance Program (RMAP).  RMAP was authorized in the 2008 Farm Bill and the program is already helping many small rural businesses.   Under the program, funds are provided to an intermediary who “re-lends” to entrepreneurs.   Deputy Under Secretary Cook announced that The Progress Fund, in Greensburg, Westmoreland County, has been awarded a loan and a grant through the program.  The Progress Fund has made more than 97 microloans in rural areas.  It is expected the assistance provided by this funding will help create or save over 22 jobs. Following the announcement, we all enjoyed products from Emerald Valley Artisans, including a test sample of the new Hills Tavern Blue cheese. Read more »