MORGANTOWN, W. Va. (WVVA) – Today, the Trump administration announced that the USDA will invest more than $ 3.2 million in a loan and two grants to help improve economic health in rural southern Virginia- Western by helping the development and expansion of small businesses and local communities,
“We are thrilled to be able to help the organizations and rural communities in West Virginia that are dedicated to helping the Mountain State remain safe, clean and economically prosperous,” said Kris Warner, Director of the State of Virginia. West, USDA Rural Development.
“Under the leadership of President Trump and the Lost Secretary of Agriculture, the USDA has continued to work tirelessly as a strong partner with local businesses and communities, because we know that when rural West Virginia thrives, all America is prospering. ”
Projects benefiting from rural development investment include:
- New River Gorge Regional Development Authority – Obtained a $ 50,000 Rural Business Development Grant to provide technical assistance to start-ups in Braxton, Fayette, Greenbrier, McDowell, Mercer, Monroe, Nicholas, Pocahontas, Raleigh, Summers, Webster and Wyoming.
- Town of Welch – Obtained a rural business development grant of $ 25,000 to create a comprehensive business inventory that will list existing businesses, storefronts available for business expansion, and public recreation and tourism attraction facilities. This USDA investment will help save nine jobs.
- Ashland Scenic Campground – Granting of a guaranteed loan of $ 3.2 million to businesses and industry for the construction of a new reception center for campground registrations with a retail center, eight new pavilions, a all-terrain vehicle wash, a playground and an entertainment facility. This USDA investment will help create 5 jobs.
These projects are part of 14 statewide Rural Business Development Grants with a combined total of $ 627,000 and eight state-wide guaranteed business and industry loans with a combined total of over $ 29 million.
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas.
This aid supports improved infrastructure, business development, housing, community facilities such as schools, public safety and health care, and high-speed Internet access in rural areas.
For more information visit www.rd.usda.gov.
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