U.S. Department of Agriculture (USDA) Wisconsin Rural Development Acting State Director Michelle Wallace has announced that the USDA is on track to provide a record level of support for Wisconsin rural working capital and other business capital needs in fiscal year 2021.
The Department has invested $14 million in loan guarantees to help seven rural businesses in Wisconsin create over 80 jobs and save almost 120 jobs through the Business and Industry CARES Act Program, which was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The announcement comes as part of a larger, nationwide announcement from USDA Deputy Under Secretary for Rural Development Justin Maxson where he announced that USDA has invested $1.2 billion in loan guarantees to help rural businesses.
To learn more about investment resources for rural areas contact the Wisconsin USDA Rural Development office at 715-345-7600 or visit website rd.usda.gov/wi.
