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USDA Invests to Expand Opportunities for Rural Michigan Business
Michigan Ag Connection - 05/25/2022

U.S. Department of Agriculture (USDA) Secretary Tom Vilsack Tuesday announced that the Department is investing $770 million to help create new and better market opportunitie for rural businesses and people in 36 states and Puerto Rico. The investments include $640 million for 122 projects to help people living in socially vulnerable communities.

"The economic success of rural America has long been the bedrock of our Nation's economy as a whole," Vilsack said. "Under the leadership of President Biden and Vice President Harris, USDA is prioritizing investment in jobs, businesses, and entrepreneurial opportunities in rural America. The investments we're announcing today demonstrate how USDA remains committed to helping people in rural America create new and better market opportunities for our country."

The funding will help a diverse rural America keep resources and wealth right at home through job training, business expansion and technical assistance. It will help companies hire more workers and reach new customers. It will open the door to new economic opportunities for communities and people who historically have lacked access to critical resources and financing. It will also help entrepreneurs and business cooperatives create jobs, grow businesses, and find new and better markets for the items they produce.

In Michigan, Gaylord Sm Hospitality LLC will receive $5.184 million. This Rural Development investment will be used to purchase the Hampton Inn hotel in Gaylord. The communities and rural small businesses around Gaylord are dependent on tourism and this project will provide a place for visitors to stay. The location also provides meeting and event space for local gatherings.

USDA is making 154 investments through three programs specifically designed to create economic opportunities for people and businesses in rural areas. These programs are the Business and Industry (B&I) Loan Guarantee Program, the Rural Economic Development Loan and Grant Programs, and the Rural Microentrepreneur Assistance Program.

The awards are being made in Alabama, Alaska, Arkansas, Arizona, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wyoming and Puerto Rico.

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