USDA to Implement Regulatory Reforms to Increase Access to Capital in Rural Areas

News on funding from the USDA. They are holding a few listening sessions and many are available online…

WASHINGTON, Sept. 5, 2018 – Assistant to the Secretary for Rural Development Anne Hazlett today announced that USDA is hosting listening sessions to solicit feedback on a plan to increase access to capital in rural areas by streamlining regulations for four Rural Development loan guarantee programs.

“At USDA, we know that for many rural communities the regulations that govern our programs can be outdated and difficult to navigate,” Hazlett said. “Under the leadership of Agriculture Secretary Perdue, USDA is committed to simplifying our regulations and streamlining our program resources so we can be a better partner to rural leaders in building prosperity.”

The changes will simplify the application process for four Rural Development loan guarantee programs that provide funding to start, improve and expand businesses and build critical infrastructure. They also will incorporate modern lending practices, accelerate the loan approval processes and increase the amount of capital available in rural communities. The programs are the Community Facilities Guaranteed Loan Program, the Water and Waste Disposal Guaranteed Loan Program, the Business and Industry Loan Guarantee Program and the Rural Energy for America Program.

The Rural Development Innovation Center is hosting listening sessions this month to solicit comments on the reforms.

Listening sessions will be held:

  • Sept. 10 in Denver from 9:30 a.m. to 12:30 p.m. MDT at the Denver Federal Center. To attend virtually, visit:  Attend virtually.
  • Sept. 10 in Lexington, Ky., from 1:00 p.m. to 4:00 p.m. EDT at the USDA Rural Development State Office. To attend virtually, visit: Attend virtually.
  • Sept. 12 in Lake Ozark, Mo., from 1:30 p.m. to 4:30 p.m. CDT at the Lodge of Four Seasons. To attend virtually, visit: Attend virtually.
  • Sept. 14 in East Stroudsburg, Pa., from 9:30 a.m. to 12:30 p.m. EDT at East Stroudsburg University. To attend virtually, visit: Attend virtually.
  • Sept. 19 (virtually only, focus on Tribal areas) from 3:00 p.m. to 4:30 p.m. EDT. To attend, visit: Attend virtually.
  • Sept. 20 in Washington, D.C., from 9:30 a.m. to 12:30 p.m. EDT at USDA Whitten Building, Room 107-A. To attend virtually, visit: Attend virtually.
This entry was posted in Cooperatives, Funding, Policy by Ann Treacy. Bookmark the permalink.

About Ann Treacy

I have a Master’s Degree in Library and Information Science. I have been interested or involved in providing access to information through the Internet since 1994, when I worked for Minnesota’s first Internet service provider. I am pleased to be a part of the Blandin on Broadband Team. I also work with MN Coalition on Government Information, Minnesota Rural Partners, and the American Society for Information Science and Technology.

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