In recognition of National Small Business Week, USDA announced that Mountain BizCapital has been selected to
receive $38,500 in Rural Business Enterprise Grant (RBEG) funding for Technical
Assistance for their entrepreneurial training program. Yesterday,
Agriculture Secretary Tom Vilsack announced the selection of RBEG projects
across the country highlighting USDA efforts to help rural small businesses
create jobs, get access to capital and spur economic growth.
Founded in 1989, Mountain
BizCapital provides loans, classes, and coaching to emerging and established
small businesses in western North Carolina. They focus on working with
businesses unable to access bank financing, including minority, women, and
immigrant entrepreneurs, and businesses that operate within the local food
system.
“USDA has been privileged to team up with Mountain BizCapital for
over a decade, assisting small businesses in western North Carolina. Today’s funding announcement is an example of
the extremely successful partnership between USDA and our rural communities and
businesses to improve economic development opportunities,” said USDA Rural Development Area Director Pam Hysong.
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.
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 Tom 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 Rural Development has 7 Area Offices
and 14 field offices across the state serving North Carolinians living in rural
areas and communities. Area Office
locations are in Asheville, Shelby, Lumberton, Asheboro, Henderson, Kinston and
Smithfield. Further information on rural
programs is available at a local USDA Rural Development office or by visiting
the USDA Rural Development website at: www.rurdev.usda.gov.
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