The Four Pillars of Agriculture and Rural Economic Development
Since 2009, the Obama Administration has made targeted investments to help rural businesses grow. According to Imperial Valley News, these investments are creating new markets for innovative rural products in keys areas like production agriculture, local and regional food systems, the biobased economy, and conservation and natural resources.
Water Recycling Facility Successful P3
According to JD Supra, the award-winning water recycling facility in the City of Santa Paula, CA highlights how a public-private partnership project can be a successful model. For example, the city was able to avoid $18 million in costs and $1.8 million per year of operating costs, as well as reduced facility energy consumption.
New CO Law Increases Tax Incentives for Rural Development
Counties in rural Colorado have a new tool for attracting jobs. According to the Denver Business Journal, the new rural "jump-start" zone will allow expanding businesses or businesses relocating from outside the state to receive numerous tax credits.
Oregon Water Fund Rules Proposed
Oregon's water supply development fund is becoming a reality. According to Capital Ag Press, the Oregon Water Resources Department is persuading lawmakers to authorize $50 million in bonds to pay for the state's integrated water resource strategy, which includes $6.25 million for the water supply development fund.
$1B Invested in Rural Health Care Across 13 States
Between 2012 and 2014, the Department of Health and Human Services (HHS) and the U.S. Department of Agriculture (USDA) have helped to generate $1 billion in rural health care financing across 13 states. The initiative has expanded access to financing for rural health care needs through cross-government collaboration and non-government organization partnerships.
CoBank Reports First Quarter Financial Results
CoBank announces financial results for the first quarter of 2015 including an average loan volume growth of 5 percent and a net income of $232.2 million.
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