Download - Ohio Rural Development (Part I)
![Page 1: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/1.jpg)
RURAL DEVELOPMENTOHIO
UNITED STATES DEPARTMENT OF
AGRICULTURE
![Page 2: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/2.jpg)
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
![Page 3: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/3.jpg)
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
![Page 4: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/4.jpg)
Program Areas
Rural Business Programs Rural Housing Programs Community Development Programs
![Page 5: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/5.jpg)
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
![Page 6: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/6.jpg)
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
![Page 7: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/7.jpg)
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
![Page 8: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/8.jpg)
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
![Page 9: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/9.jpg)
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
![Page 10: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/10.jpg)
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
![Page 11: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/11.jpg)
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
![Page 12: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/12.jpg)
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
![Page 13: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/13.jpg)
Cooperative Development
Rural Cooperative Development Grants – Grants made to establish rural co-op centers
OSU South Centers successful applicant in Ohio
![Page 14: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/14.jpg)
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
![Page 15: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/15.jpg)
Renewable Energy
Renewable Energy Grant Program Energy Efficiency Grants
![Page 16: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/16.jpg)
Community Facilities Program
Direct WWD loans and grants Guaranteed WWD loans Direct CF loans and grants Guaranteed CF loans
![Page 17: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/17.jpg)
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
![Page 18: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/18.jpg)
Community Facilities Program
Highland County HI-TECH CenterHillsboro, OH
Direct CF loans and grants
![Page 19: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/19.jpg)
Community Facilities Program
Direct CF loans and grants
Rarden Fire Department Rarden, Ohio
Scioto County
![Page 20: Ohio Rural Development (Part I)](https://reader033.vdocuments.mx/reader033/viewer/2022061218/54b602024a79596f7f8b45eb/html5/thumbnails/20.jpg)
Community Facilities Program
Guaranteed CF loans
Preble County YMCA Eaton, Ohio