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$190 Million in Loans Available for Rural Broadband Access

May 21, 2004 /

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The U.S. Department of Agriculture announced on May 4th that $190 million in loans will be available to 19 states through the Rural Broadband Access Program for rural broadband and telecommunications projects.

Contact: Chris McIlroy
Homeland Security and Technology Division by Jennifer Peyrot

http://www.nga.org/center/frontAndCenter/1,1188,C_FRONT_CENTER%5ED_6827,00.html

This program will provide both loans and loan guarantees to support better Internet access for farmers and ranchers, thus enhancing rural economies by allowing their businesses to compete globally. $150 million for the program is coming from the 2002 Farm Bill, while the remaining $40 million will come through the Dept. of Agriculture’s Rural Development Agency.
Related Links:

* USDA Press Release http://www.usda.gov/Newsroom/0180.04.html