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Rural Development has a loan portfolio over $224.5 billion, and administers nearly $16 billion in program loans, loan guarantees, and grants through their programs. Rural Development promotes economic development by supporting loans to businesses through banks, credit unions and community-managed lending pools.
Rural development is the process of improving the quality of life and economic well-being of people living in rural areas, often relatively isolated and sparsely populated areas. [1] Often, rural regions have experienced rural poverty , poverty greater than urban or suburban economic regions due to lack of access to economic activities, and ...
Rural Economic Development in North Carolina is analogous to other areas as the focus of said projects are to facilitate a higher standard of economic activity to a specified area. In these designated areas citizens, interest groups, business owners, and policymakers work together in order to formulate long-term economic goals and strategies to ...
Rural development is also characterized by its emphasis on locally produced economic development strategies. [12] In contrast to urban regions, which have many similarities, rural areas are highly distinctive from one another. For this reason there are a large variety of rural development approaches used globally. [13]
The most recent of these Farm Bills, the Agricultural Improvement Act of 2018 (2018 Farm Bill), authorizes policies in the areas of commodity programs and crop insurance, conservation on agricultural lands, agricultural trade (including foreign food assistance), nutrition (primarily domestic food assistance), farm credit, rural economic ...
The Rural Business-Cooperative Service (abbreviated as "RBS") is one of three agencies within USDA Rural Development (along with the Rural Housing Service and Rural Utilities Service) responsible for administering various economic development programs to rural communities in the United States and its territories.
In the United States, rural community development is an essential tool in keeping rural areas economically viable in a competitive global arena. Under the United States Department of Agriculture , this is addressed through the Rural Development mission area, comprising the Rural Housing Service , Rural Utilities Service , and Rural Business ...
The Rural Housing Service (RHS) is an agency of the United States Department of Agriculture (USDA). Located within the Department's Rural Development mission area. RHS operates a broad range of programs to provide moderate- low- and very-low-income Americans in rural communities with: