Programs for farmers and ranchers are eligible for this program that helps them enter value added activities to generate new products, create and expand marketing opportunities, and essentially increase income. The Rural Economic Development Loan and Grant programs provide funding for rural projects through local utility organizations. USDARD provides zero interest loans to local utilities which they in turn pass through to local businesses for projects that will create and retain employment in rural areas. (01:32–01:40)
CLAIM
Asserts that Rural Economic Development Loan and Grant programs fund rural projects via local utilities.
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