Ag secretary supports small business job boosts
TEMPLE—Agriculture Secretary Tom Vilsack announced that funding is being provided to producers and development organizations in 40 states and the Commonwealth of Puerto Rico to promote job creation and business development.
CEN-TEX Certified Development Corporation, based out of Austin, will receive an Intermediary Relending Program Loan in the amount of $750,000 to create approximately 30 jobs in the rural communities of 14 counties in central Texas including Bell, Brazos, Coryell, Falls, Hill, L a Sa l le, L ime stone, Maver ick, McLennan, Mi lam, Robertson, Val Verde, Webb and Zavala.
“ The funds being provided will foster an environment to create jobs in every part of the country,” Vilsack said.
The IRP program is a key component of USDA Rural Development ac t iv it ies to promote regional development across America by providing working capital and other support to local businesses through qualified intermediaries. CEN-TEX has been making small business loans for two decades.
“Utilizing organizations such as CEN-TEX Certified Development Corporation to bring new economic oppor tunities to rural areas is an important par t of creating new jobs in rural America,” said USDA Rural Development Texas State Director Paco Valentin. “ This loan will give rural residents the opportunity to expand and improve local businesses and economies.”