The funding is intended for the expansion of a myriad of small businesses, the creation of various jobs across all sectors and the overall ability to assist a myriad of communities and the citizens. The USDA hopes that a myriad of projects will be created to assist the citizens in all of the 26 states.
The total amount of economic development grants that will be given away is 7.9 million dollars and each state can borrow up to $225,000 dollars. The money is also allocated to groups that are non-profit, universities and colleges.
In the state of Alabama, the Federation of Southern Cooperatives will be given a $191,000 dollar grant that will assist ranchers, farmers and fisherman with attaining technical assistance and other business services.
The state of Arkansas will also be receiving nearly $225,000 dollars as Winrock International will help an Enterprise center with funding in technical services, marketing, training and the development of business plans.
The state of Colorado and the foundation for the Mountain Farmers will also receive $225,000 dollars as the money will be allocated and used for expanding economic opportunities for the community.
The state of Indiana and the Cooperative Development Center will receive $225,000 dollars for technical purposes, efficient food process system, energy development and proper child care.
The state of Minnesota is also getting a hefty amount of funding for 3 foundations and centers which include the Latino Development Center, Cooperative Foundation and Food Initiative.
The Cooperative Foundation will help individuals with the housing sector. The Food Initiative will also help out grocery stores with the process of starting up in a much more solid and efficient manner. The allocation of 7.9 million dollars is going to assist many businesses and individuals in regards to jobs, development of skills and other economic opportunities.