Kentucky Highlands RMAP Grant
USDA Announces $59 Million in Loans and Grants to Increase Economic Opportunity, Support Rural Microenterprise Development
PIKEVILLE, Ky., Sept. 24, 2014 – USDA Rural Development Acting Under Secretary Doug O'Brien today announced the selection of 85 utilities and development organizations for loans and grants to support rural business activities that will boost economic growth in rural communities.
"These USDA investments capitalize rural small businesses, which allows the owners to expand operations, enter into new markets and increase hiring," O'Brien said. "The investments we are announcing today include financing to development organizations for microlending to very small rural businesses. Funds are also being provided to utilities to pass on to local businesses for development projects. These innovative programs increase economic opportunities in rural areas – a top priority of Secretary Vilsack and President Obama."