Articles
Waterman - USDA grants available
State Senator John Waterman
NEWS RELEASE 2.14.08
Contact: Carrie Zapfe
317-232-7184
FOR IMMEDIATE RELEASE
Rural Development Loans and Grants Available
Waterman: United States Department of Agriculture programs can help the local economy
(STATEHOUSE) Local business owners are invited to submit applications for loans and grants through the United States Department of Agriculture according to State Sen. John Waterman (R-Shelburn).
According to Waterman, Four USDA programs are available to support businesses and small minority producers from rural areas across
“These loans and grants are a great opportunity for local business owners to get the funding they need to expand and help the local economy,” Waterman said.
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Program Options: |
Application Deadlines: |
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The four programs accepting applications are: |
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Rural Economic Development Loans |
March 31, 2008 1--June 30, 2008 2 |
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Rural Business |
March 31, 2008- |
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Rural Cooperative Development Grants |
April 8, 2008- |
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Small Minority Producer Grants |
April 8, 2008- |
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1 Deadline for 3rd Quarter Applications |
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2 Deadline for 4th Quarter Applications |
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Rural Economic Development Loan programs offer zero-interest loans to rural development utility program borrowers. Borrowers then redistribute the funds, with zero interest, to local groups and entities promoting economic development and job creation in their communities. The Rural Business Opportunity Grant program allocates funding for training and provides assistance for business development.
Small Minority Producer Grants are provided to cooperatives or associations of cooperatives with a minimum of 75 percent minority representation among membership or the governing board. The Rural Cooperative Development Grant program helps rural residents form new businesses and improve the operations of current cooperatives.
For more information about how to apply and program eligibility rules, visit the USDA online at: http://origin.www.gpoaccess.gov/fr/ or call toll free to: 1-866-512-1800.
Waterman serves Senate District 39, which includes Clay, Greene, Knox, Daviess, Owen, Sullivan and
