Rural Development Dollars Support Rural Business Development

News Release being sent on behalf of Vicki Ritterling, Public Affairs Specialist for USDA Rural Development.

United States Department of Agriculture Rural Development  Rm. 152 Federal Building  100 Centennial Mall North  Lincoln, Neb.  68508  
(402) 437-5551 (Phone)  (402) 437-5093 (TDY)  (402) 437-5408 (Fax) 

Deborah Drbal (402) 437-5558

Lincoln, Neb., June 27, 2007 -- The United States Department of Agriculture Rural Development recently awarded $245,000 to fund rural economic development projects throughout Nebraska.  

USDA Rural Development offers rural business enterprise grants (RBEG) to public bodies, non-profits, and Indian Tribes who desire to facilitate and finance the development of small and emerging private business enterprises in rural areas. "Rural" are those communities and cities up to 50,000 in population.  

Grants may be used for technical assistance, for acquisition of land, buildings, and infrastructure to enhance business development, and establishment of small business revolving loan funds.

Recipients of the grants are:

McCook Economic Development Corporation received $76,050 that with leveraged funds of $86,228 will pay expenses (equipment, supplies and contractual) to support the Center for Entrepreneurship in McCook. 

Loup Basin RC&D Council will use $43,050, leveraged with $33,670 to hire a marketing director for the Loup Basin Information Technology Center in Ord.  The director will market business training opportunities and address the needs of potential users in the nine county area.  Funds will also purchase equipment. 

The Board of Regents University of Nebraska for the University of Nebraska-Lincoln will use $37,800 and $20,400 leveraged funds to provide personnel and resources to plan, develop, implement and evaluate a 12 month comprehensive and strategic rollout of phase one of the Entrepreneurship Investigation curriculum.  This curriculum is used by schools, 4-H clubs and camps to aid with economic development efforts to help retain youth in rural communities.

Southeast Community College Area will use $27,800 combined with $34,410 from outside sources to provide technical assistance to increase small business development and expansion in Beatrice and Gage County through outreach, training and technical support.

Hormel Family Foundation received $25,500 to pay ongoing administrative expenses for Hormel Family Foundation business plan competition in McCook as well as support service expenses for the winner of the competition; $150,000 from other sources will compliment the business plan competition.

Valentine/Cherry County Economic Development Board received $19,800 to which they contributed an additional $22,047 to fund a temporary full-time employee position to gather and organize data while providing technical assistance for a tourism project--"Real Life on the Ranch".

The Village of Oxford will utilize $15,000 combined with $540 from the Village to complete a feasibility and business plan for a local business; potential expansion that could bring five jobs to the community.   

For additional information, contact the USDA Rural Development State Office at (402) 437-5558 or your local Rural Development office which can be located at www.rurdev.usda.gov/ne <http://www.rurdev.usda.gov/ne> .

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"USDA Rural Development is an Equal Opportunity provider, employer and lender."
To file a complaint of discrimination write to USDA, Director, Office of Civil Rights,
1400 Independence Avenue, S.W., Washington D.C.  20250-9410
or call (800) 795-3272 (voice), or (202) 720-6382 (TDD).