jobs

In rural America, the local community drives the rural economy. Main Street businesses are critical to economic growth. Money spent and invested locally rolls through a community and generates even more economic benefits.

That’s why rural small businesses are critical to strong rural communities. And it’s why USDA is pleased to join with the Small Business Administration to recognize and honor America’s small businesses this week, during National Small Business Week.

With its rapidly developing economy and expanding middle class, Turkey has become an important market for U.S. food and agricultural products over the past decade. It’s also the destination of the latest USDA agricultural trade mission from June 10-14 as Acting Deputy Secretary of Agriculture Michael Scuse leads a U.S. delegation to promote U.S. agricultural exports.

Representatives from six state departments of agriculture and 20 U.S. companies will attend. During the mission, the delegation will travel to Istanbul and Ankara to learn about market conditions and regulations to help U.S. companies develop export strategies for Turkey. They’ll visit retail locations and tour various facilities including a U.S. hardwood importer.

Alaska’s first member-owned community grocery store is open for business. The Fairbanks Community Cooperative Market was partially funded by the USDA Rural Economic Development Loans and Grants (REDLG) program.

Making this project possible was the Golden Valley Electric Association (GVEA), a USDA borrower since 1949.  GVEA is the grantee that was awarded a REDLG to fund a revolving loan which was used to help establish the Market. USDA Rural Development Alaska State Director Jim Nordlund traveled to Fairbanks last month to join with community, volunteers and founders in the grand opening of the new Market.   The store has already provided more than 20 new local jobs for residents.

Throughout the month of June, USDA will celebrate National Homeownership Month with a renewed commitment to providing safe, affordable housing in our small towns and rural communities.

Our theme for this year’s Homeownership Month is “Bringing Rural America Home”.  When families can find a good place to live in rural America, they’ll stay there. They’ll invest in their community and help create new economic growth.

Recently, I spoke at the grand opening of the Daisy Hill Assisted Living facility in Versailles, Ky.  In visiting this facility, I reflected on the future of this and other facilities and their importance as we anticipate the droves of baby boomers seeking to maintain a quality of life as they transition to assisted-living.

The facility was financed through USDA’s Business and Industry Guarantee Loan program.  The $4.5 million loan guarantee to Pinnacle National Bank of Nashville has provided the owners an opportunity to create a beautiful facility for the residents.

This Memorial Day weekend, I hope all Americans will take a moment to honor the service of those who have lost their lives defending our nation. America is a beacon of freedom and democracy today, in no small part because of those who throughout history stood in defense of our values and principles.

We must also remain united in our commitment to today’s active and reserve service members, our veterans, and their families.

Last fall, South Dakota USDA Rural Development highlighted a valuable partner; GROW South Dakota, formerly known as the Northeast South Dakota Economic Corporation, for its 18 year partnership in community lending.  While giving back to the communities they serve, GROW South Dakota has also contributed to the region as a whole through its fiscal administrative support of regional planning and development through a Rural Business Enterprise Grant (RBEG)  and a  Rural Business Opportunity Grant (RBOG).

Said South Dakota State Director Elsie Meeks, “The total impact that GROW has had is not just measured in loans made or jobs created; they have assisted in the stabilization and creation of thriving, vibrant communities in rural South Dakota.”  USDA funds have been used to develop and provide web-based technical assistance for the region’s partnering organizations and for a regional website that provides a central link to local organizations and expertise for the current technology and available social media.

During these difficult economic times we know that one of the best ways to help aid in the recovery process is to assist businesses that create jobs, and spur growth. In Troy, North Carolina, USDA Rural Development had the opportunity to highlight our successful efforts with a local company Aseptia/Wright Foods.

Lillian Salerno, Acting Administrator for USDA’s Rural Business and Cooperative programs, visited the local business.  Under USDA Rural Development, USDA guaranteed a $5.5 million loan last year for Aseptia to purchase a building, equipment and make building improvements for their first commercial-scale manufacturing facility.

In recent months, the Federal budget has dominated the conversation here in Washington.  At the U.S. Department of Agriculture, we have been working hard on mission critical priorities, even as we implement mandatory across-the-board budget cuts.

The good news is that our proactive efforts to cut costs have saved more than $828 million in recent years, putting us in a better position to deliver important programs.

But we also have not lost sight of a key requirement for these programs to continue: passage of a comprehensive, multiyear Food, Farm and Jobs Bill.

Earlier this month, Revolving Loan Fund partners representing 13 Maine Intermediaries and 8 Microenterprise Development Organizations gathered at the USDA State Office in Bangor to listen to and share ideas for investing in rural Maine businesses. This meeting was one of dozens of Revolving Loan Fund Roundtables taking place around the country to assist USDA’s Intermediary Relending Program (IRP) and Rural Microentrepreneur Assistance Program (RMAP) providers share Best Practices and challenges encountered in financing business projects in rural areas. In Maine, there is approximately $9.3 million in existing revolving loan funds for credit-worthy businesses seeking capital.