USDA Seeks To Strengthen Rural Economy

USDA recently announced loans to help finance the construction of broadband networks in rural Iowa, Minnesota, Oregon and South Dakota. The announcement is one part of the Department’s efforts to strengthen the rural economy.

This funding announcement will provide almost $40 million from USDA’s Rural Utilities Service to install fiber networks to improve telecommunications capability in the three recipients’ service areas.

USDA’s Telecommunications Loan Program finances infrastructure that enables access to a seamless, nationwide telecommunications network.