U-S Ag Secretary Tom Vilsack, today (Wednesday) announced loan and grant funds will be provided to applicants in 11 states, to support businesses, improve the quality of medical care, and create or save hundreds of jobs. Funding is provided through the USDA’s Rural Economic Development Loan and Grant Program. In the KJAN listening area, the Central Iowa Power Cooperative received a $1-million loan to construct a dormitory for Southwestern Community College, in Creston.
Vilsack says the USDA’s action is one part of the Department’s efforts to strengthen the rural economy. Funding of each recipient of the grants and loans is contingent upon the recipient meeting the conditions for the grant or loan.