Monday, Nov 14 2011 6:00PM
Several California organizations were selected for their work providing either technical assistance and training or providing loans to rural microentreprenuers and microenterprises. Montana, New Mexico and Washington are also among the states chosen.
U.S. Department of Agriculture Secretary Tom Vilsack recently announced the agency has selected 35 rural microdevelopment organizations in 22 states to receive loans and grants in support of
rural community development, business development and job creation.
In Arizona, one community development corporation will receive funding to support entrepreneurs and enterprises in Nogales and Santa Cruz County to combat high unemployment, poverty and population loss. The funds will be provided through the Rural Microentrepreneur Assistance Program (RMAP).
"These investments will bring increased economic opportunity to rural residents and communities. They will help organizations expand job and economic opportunities in rural communities across the nation," Vilsack said.
Several California organizations were selected for their work providing either technical assistance and training or providing loans to rural microentreprenuers and microenterprises. Montana, New Mexico and Washington are also among the states chosen.
These funds are intended to provide rural businesses with an avenue to secure needed training and capital so they can better compete and achieve profitability, as well as encourage entrepreneurship in areas experiencing economic difficulties.
For further reference, check out this source:
U.S. Department of Agriculture