ohio rural development (part i)

RURAL DEVELOPMENTOHIO

UNITED STATES DEPARTMENT OF

AGRICULTURE

Our Mission

To enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential

Our Structure

Hillsboro Area OfficeHillsboro Area Office

Area Director Ms. Lynn Stevens

Community Programs Specialist Mr. Ashley Kelly

Single Family Specialist Ms. Linda Ayres-Louiso

Multi-Family Specialist Ms. Kandy Dudley

Program Areas

Rural Business Programs Rural Housing Programs Community Development Programs

Rural Business Programs

Business and Industry Loan Guarantee Intermediary Relending Program Rural Business Opportunity Grants Rural Business Enterprise Grants Value Added Agriculture Marketing Grants Cooperative Development Renewable Energy Programs

Business and Industry Loan Guarantee

Guarantee up to 80% of a private lender’s loan for a business that will create/retain jobs

Eligible Areas: 50,000 or less Population Typical Loan Guarantee is $1 - 2 million but

range from $500,000 to $10 million Incentive to Banks – secondary market Incentive to Business – a secured loan can

warrant favorable terms and rate

Successful Business Partnerships

The Making of Old Glory

Rural Development awarded the Annin Flag company in Coshocton, OH with a B&I loan of $1.6 million to help them upgrade their facilities and production capacity

Intermediary Relending Program

A loan to a non-profit or public entity Rate of 1%, Term of 30 years Up to $750,000 a year Funds are reloaned to rural businesses

Rural Business Opportunity Grants

Grants to non-profits and public bodies for training, planning and technical assistance for rural economic development in communities of 10,000 population or less

National competition for funding

Rural Business Enterprise Grants

Grants to non-profits and public bodies to develop small and emerging rural business enterprises

State allocation of a little over $1 million

Rural Business Enterprise Grants

Truck Driving Simulator

Rural Development awarded Southern State Community College, Hillsboro, OH with an RBEG for $30,000 to help with its truck driving program

Value Added Agriculture Marketing Grants

Physically segregates an agricultural commodity/product to enhance its value

Helps expand customer base for products, commodities

Result in greater portion of revenues being available to producer

Cooperative Development

Rural Cooperative Development Grants – Grants made to establish rural co-op centers

OSU South Centers successful applicant in Ohio

Rural Cooperative Development Grant

(Left to right) Representing OSU South Centers, Steve Baertsche, Keith Smith, Travis West, Randy Hunt, Tom Worley and Dave Hahn share in the announcement of a $345,258 USDA Rural Cooperative Development Grant

Cooperative Grant Recipient – OSU South Centers

Renewable Energy

Renewable Energy Grant Program Energy Efficiency Grants

Community Facilities Program

Direct WWD loans and grants Guaranteed WWD loans Direct CF loans and grants Guaranteed CF loans

Community Facilities Program Direct WWD loans and grants Guaranteed WWD loans

Construction of a new Water

Treatment Plant and Water

Tower in New Paris, OH Preble County

Community Facilities Program

Highland County HI-TECH CenterHillsboro, OH

Direct CF loans and grants

Community Facilities Program

Direct CF loans and grants

Rarden Fire Department Rarden, Ohio

Scioto County

Community Facilities Program

Guaranteed CF loans

Preble County YMCA Eaton, Ohio