USDA offer loans, grants for community development projects, job creation

Staff report

The Department of Agriculture is accepting applications for loans and grants to support community development projects, business expansion and job creation.

The assistance is being provided by two of USDA’s Rural Development programs, the Intermediary Relending Program and the Rural Microentrepreneur Assistance Program.

The USDA lends money to economic development non-profits and public agencies, which lends it to rural businesses that might not otherwise be able to obtain such financing.

Applications for these loans and grants are available at New Mexico’s Rural Development office in Albuquer-que.