USDA Says Stimulus Money Helps Rural Nebraska

By: sixonline@wowt.com Email
By: sixonline@wowt.com Email

Businesses and communities in rural Nebraska have received $111 million in federal loans and grants since the stimulus plan was approved in February 2009.

U.S. Department of Agriculture officials say they believe the stimulus funds are helping the economy through a variety of programs.

About $53 million has helped more than 600 families buy homes.

Six Nebraska businesses received nearly $36 million in government-guaranteed loans. For example, Prairieland Foods in Hallam received a $650,000 loan from a nearby bank that the USDA guaranteed. That money helped Prairieland expand its dairy operation.

The USDA has also provided about $18 million to nine communities. That money will help improve hospitals, community centers and other facilities.

For more information go to: USDA Rural Development in Nebraska:
http://www.rurdev.usda.gov/ne


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