WASHINGTON, DC – Today, U.S. Senator Sherrod Brown (D-OH) announced that the United States Department of Agriculture (USDA) Department of Rural Development has awarded $28,250,011 to four southern organizations -eastern Ohio.
“Small businesses face unique challenges, and this federal funding will help make the investments local businesses need and support economic growth in their communities,” Brown said. “I’m happy to see the Biden administration continue to deliver on its promise of putting Ohioans first and investing in rural communities.”
USDA’s Rural Development Program provides grants and loan guarantees to help create jobs, support economic development, and provide essential services. The Value-Added Producer Grant Program helps agricultural producers create new products, create and expand marketing opportunities, and increase incomes. The Business and Industry Secured Loan Program is designed to help rural businesses obtain credit for legal business purposes in an effort to save and create jobs in rural America. The Rural Microentrepreneurs Assistance Program provides loans and grants to help microenterprise development organizations cover start-up costs, grow, and provide training and technical assistance to microcredit borrowers and microentrepreneurs.
- $63,250 Value Added Producer Grant at Mushroom Harvest Provisions, LLC in Meigs County to provide working capital, marketing and distribution of pickled shiitake mushrooms.
- $3,180,000 Business and industry loan guarantee at Eriksten Holdings, LLC in Hocking County to purchase real estate that the company leases for The Carlin House, an assisted living facility.
- $25,000,000 Business and Industry Loan Guarantee at McNational, Inc. in Lawrence County to provide working capital and financing due to reduced river traffic.
- $6,761 Rural Microentrepreneur Assistance Program Grant
at Brochet Community Action Committee in Pike County to provide technical assistance to the recipient’s revolving loan fund.