Monday, February 6, 2023
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USDA Investing $981 Million to Expand Market Opportunities

Ag Secretary Tom Vilsack announced his department is investing $981 million to help create new and better market opportunities and expand services for rural people, businesses, and entrepreneurs. The funds will be used to assist people in 47 states, Guam, and the Virgin Islands.

“Rural people provide the everyday essentials our country depends on,” he says. “The partnerships we’re announcing today demonstrate USDA’s commitment to advocating for rural business owners and building brighter futures for everyone in rural America.”

The funding will keep resources and wealth made by rural people right at home through affordable financing and technical assistance. It will also help rural Americans start businesses and allow small business owners to grow. It also opens doors to new economic opportunities for communities and people who’ve historically lacked access to resources and funding.

USDA is making 242 awards through eight programs designed to create economic opportunities for rural people and businesses.

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