USDA Invests $1.4 Billion to Support Local Businesses, Create Good-Paying Jobs and Strengthen the Economy in Rural America
Investments support the Biden-Harris Administration’s commitment to build back better in rural America Release & Contact Info Press Release Release No. 0033.22 Contact: USDA Press Email: press@usda.govWASHINGTON, Feb. 2, 2022 – United States Department of Agriculture (USDA) Secretary Tom Vilsack today announced the Department is investing $1.4 billion to help a diverse rural America keep resources and wealth right at home (PDF, 383 KB) through job training, business expansion and technical assistance. The programs these investments are being made through are part of a suite of business and cooperative services that are projected to help create or save more than 50,000 jobs in rural America through investments made in fiscal year 2021. “For some time, rural America has been at the mercy of an extraction economy, where resources are taken from rural lands only to create jobs and economic opportunity in urban and suburban areas,” Vilsack said. “That’s why USDA is committed to doing what we can to change that extraction economy into a circular economy, where value is added closer to home, so the wealth created in rural areas stays in rural areas. Today’s announcement underlines the Biden-Harris Administration’s commitment to helping transform the economy and bring high-paying jobs and economic opportunities to the people who need it most.”
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