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Enhancing Rural Development through the American Recovery and Reinvestment Act of 2009

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The American Recovery and Reinvestment Act of 2009 has significantly boosted rural development initiatives, including $3 billion in additional loan guarantees for business expansion and startup needs in areas with a population under 50,000. The Business Enterprise Grant Program offers $20 million in grants for public bodies and nonprofits to support community projects. Additionally, programs for broadband, housing, and water infrastructure have received substantial funding, ensuring comprehensive support for rural communities striving for economic growth and sustainability.

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Enhancing Rural Development through the American Recovery and Reinvestment Act of 2009

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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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