BROOKHAVEN — Agriculture Secretary Tom Vilsack has announced the selection of 145 recipients for more than $15.3 million in grants to start or expand businesses in rural communities. Through American Recovery and Reinvestment Act funding, businesses will be able to access to critical capital that will help with start-up and working capital loans, building and plant renovations, transportation improvements, project planning and other business needs.
In addition to the $15.3 million that USDA Rural Development is providing for the 145 projects, recipients have raised $16 million from other sources.
In Mississippi, Southwest Mississippi Resource Conservation and Development Inc. has been awarded $99,990.
The funding announced is being is being provided through USDA Rural Development’s Rural Business Enterprise Program (RBEG), which helps finance new and existing businesses as well as employment-related adult education programs.