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Implementing the American Recovery and Reinvestment Act of 2009 (Recovery Act)

Implementing the American Recovery and Reinvestment Act of 2009 (Recovery Act). Rural Development's Business and Industry (B&I) Guaranteed Loan Program. $3 billion additional loan guarantees Loan Guarantees to regulated lenders Typical business startup & expansion needs

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Implementing the American Recovery and Reinvestment Act of 2009 (Recovery Act)

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  1. Implementing the American Recovery and Reinvestment Act of 2009 (Recovery Act)

  2. Rural Development's Business and Industry (B&I) Guaranteed Loan Program • $3 billion additional loan guarantees • Loan Guarantees to regulated lenders • Typical business startup & expansion needs • Rural areas (less than 50,000 population)

  3. Rural Development's Business Enterprise Grant Program • $20 million additional grant funds • Grants to public bodies, private nonprofit corporations, and Indian tribes • Business revolving loan funds and community development projects www.rurdev.usda.gov/ia/RLF/rlfmap.htm • Rural area (less than 50,000 population)

  4. Rural Development: Implementing the American Recovery and Reinvestment Act of 2009 (Recovery Act) • Broadband Loan and Grant Program - $2.5 billion for grants, loans and loan guarantees • Community Facilities Direct Loan and Grant Programs - $1.1 billion • Housing Direct Loan Program - $967.1 million • Housing Guaranteed Loan Program – $10.4 billion • Water and Environmental Programs - $3.7 billion in loans and grants

  5. Area Office Locations www.rurdev.usda.gov/ia/ Area 1 – Iowa Falls – 641-648-5181 Area 2 – Waverly – 319-352-1715 Area 3 – Tipton – 563-886-6006 Area 4 – Mt. Pleasant – 319-986-5800 Area 5 – Albia – 641-932-3031 Area 6 – Indianola – 515-961-5365 Area 7 – Atlantic – 712-243-2107 Area 8 – Le Mars – 712-546-5149 Area 9 – Storm Lake – 712-732-1851 Area 10 – Humboldt – 515-332-4411

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