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N.C. receives USDA funding to promote business development, create jobs
Story Date: 2/1/2012
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Source: USDA, 1/31/12
Agriculture Secretary Tom Vilsack today announced that loans and grants will be provided to applicants in ten states to support businesses, improve the quality of medical care, and create or save hundreds of jobs. Funding is provided through USDA's Rural Economic Development Loan and Grant program. The announcement was made on the Secretary's behalf by Under Secretary for Rural Development Dallas Tonsager during an meeting in Bladenboro, North Carolina.
"During his State of the Union address last week, President Obama laid out a blueprint for an economy that's built to last – an economy built on American energy, skills for American workers, and a renewal of American values," said Vilsack. "The funding announced today will help support the President's vision by providing our rural communities with resources to support small businesses, improve public facilities, and create new, sustainable jobs.
In North Carolina, Four County Electric Membership Corporation in Burgaw, N.C., was selected to receive a grant to establish a revolving loan fund. Funds will provide financing for the Bladen Healthcare, LLC to purchase medical equipment for a new health clinic that will be located in Bladenboro. This project will create and retain 20 jobs.
Also in North Carolina, Lumbee River Electric Membership Corporation in Red Springs was selected to receive a grant to provide financing to the Robeson County Government to help make required improvements to the county detention center. These upgrades will create new jobs during the construction period and will help retain 139 jobs.
Funding of each recipient is contingent upon the recipient meeting the conditions for the grant or loan. The following is a complete list of recipients announced today.
North Carolina
· Lumbee River Electric Membership Corp.; $250,000 grant; Improvements to the Robeson County Detention Center and establishment of a revolving loan fund.
· Four County Electric Membership Corp.; $300,000 grant; Purchase of medical equipment for a new health clinic and establishment of a revolving loan fund.
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