BOZEMAN, Mont. — Three local business development corporations will receive a total of $16 million from the U.S. Department of Agriculture to bolster markets for agriculture producers and food businesses in rural parts of the Treasure State.
For Montana, the USDA's Meat and Poultry Intermediary Lending Program allocates grant funding to intermediary lenders who finance or plan on financing meat and poultry processing start-ups, operation or expansion.
The grant recipients are:
The U.S. Department of Agricultures released the following information:
U.S. Department of Agriculture (USDA) Rural Development in Montana State Director Kathleen Williams announced today that USDA is investing more than $16 million with three local business development corporations to create new and better markets for agricultural producers and food businesses in rural Montana.
“In rural states like Montana, people want to know where their food is coming from and this investment in local processing will help move toward a healthy, viable food chain where Montanans can access quality, locally produced food,” said Williams. “This is another great example of USDA’s commitment to growing and sustaining economies in our rural and Tribal communities.”
A total of $320 million was invested through several USDA Rural Development funding programs across 19 states, including Montana, to strengthen food supply chains and create more opportunities for agricultural producers and entrepreneurs.
USDA’s investment in Montana was through the Meat and Poultry Intermediary Lending Program (MPILP) which provides grant funding to intermediary lenders who finance – or plan to finance – the start-up, expansion, or operation of meat and poultry processing.
Montana grant recipients include:
Under the Biden-Harris Administration, USDA Rural Development provides loans, loan guarantees and grants to help expand economic opportunities, create jobs, and improve the quality of life for citizens in rural and Tribal areas. This assistance supports infrastructure improvements, business development, housing, community facilities, and high-speed internet access in rural, Tribal, and high-poverty areas. For more information, visit www.rd.usda.gov.
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USDA Rural Development has six offices in Montana – Billings, Bozeman, Great Falls, Helena, Kalispell, and Missoula. To learn more about investment resources for rural areas in Montana, call (406) 585-2587 or visit www.rd.usda.gov/mt.