USDA Invests $1.2 Billion in Rural Cooperatives

By Andi Anderson

The U.S. Department of Agriculture (USDA) has made a significant investment in rural America's future, announcing a $1.2 billion commitment to support rural cooperatives across the country. This substantial investment will play a crucial role in spurring economic development, catalyzing rural prosperity, and advancing equity in underserved communities.

"Cooperatives are a vital part of the rural economy, and they play a critical role in providing essential goods and services to rural communities," stated Secretary Tom Vilsack. "This investment will help cooperatives continue to do their important work and create new opportunities for rural Americans."

The USDA's investment will encompass a wide range of projects, including:

• A $10 million Business and Industry loan guarantee to EHC Bullhead City LP to construct a micro-hospital and urgent care facility in Bullhead City, Arizona.
• A $93,600 Rural Economic Development Loan to Wayne-White Counties Electric Coop Inc. to replace an aging, inefficient drainage water pump and diesel motor in Illinois.
• A $200,000 Rural Cooperative Development Grant to Keystone Development Center (KDC) Inc. to enhance the economic well-being and quality of life in rural communities across Pennsylvania, Delaware, New Jersey, and Maryland.
• A $175,000 Socially Disadvantaged Group Grant to the Mississippi Minority Farmers Alliance to assist small, socially disadvantaged groups in farm business plans, leadership development, and strategic planning outreach activities in rural northeast Mississippi.

These are just a few examples of the numerous projects that will be funded through this investment. The USDA is dedicated to supporting rural cooperatives and aiding them in creating a more prosperous future for rural America.

This investment highlights the Biden-Harris administration's commitment to revitalizing rural communities and ensuring that all Americans, regardless of their location, have access to opportunities for growth and success.

Photo Credit: usda