USDA Rural Development Touts Investments

Posted: Updated:

The United States Department of Agriculture Rural Development says it provided nearly $800 million in loans and services during Fiscal Year 2013 throughout Indiana. The agency says its financial programs support efforts and organizations ranging from emergency service facilities to water and sewer systems.

March 28, 2014

News Release

Bloomfield, Ind. - USDA Rural Development is committed to helping improve the economy and quality of life in rural Indiana. Through our programs, we touch rural Hoosiers in many ways.

Our financial programs support such essential public facilities and services as water and sewer systems, housing, health clinics, emergency service facilities and electric and telephone service.

We promote economic development by supporting loans to businesses through banks, credit unions and community-managed lending pools. We offer technical assistance and information to help agricultural producers and cooperatives get started and improve the effectiveness of their operations. We provide technical assistance to help communities undertake community empowerment programs.

During Fiscal Year 2013, USDA Rural Development delivered over $797 million throughout Indiana’s 92 counties.

USDA, through its Rural Development mission area, has an active portfolio of more than $189 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. Further information on rural programs is available at the USDA Rural Development Bloomfield Area Office, 104 CR 70 E Suite C, Bloomfield, IN 47424, (812) 384-4634, Ext. 4, or by visiting USDA’s web site at http://www.rurdev.usda.gov.

President Obama's plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.

USDA, through its Rural Development mission area, has a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.

USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $828 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.

Source: United States Department of Agriculture