WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH) announced that the United States Department of Agriculture (USDA) has awarded a $120,122 grant to the Appalachian Growth Capital Technical Assistance Project to help small businesses secure private capital investment. An applicant contribution of $125,329 will bring total project funds to $245,451.
“Small businesses and manufacturers are the backbone of Ohio’s economy,” Brown said. “This federal investment in rural Appalachia’s local businesses will not only support community services, but will also lead to more jobs and economic growth.”
The Appalachian Growth Capital Technical Assistance Project serves small and emerging businesses in 32 counties in Ohio, facilitating small business growth and diversifies the economy in rural regions.
The funds for this grant are a part of the USDA’s Rural Development initiative. Brown helped secure a strong Rural Development title in the 2014 Farm Bill, and is continuing to advocate for Rural Development programs in the 2018 Farm Bill.