October 2016 USDA report released last week shows that in 2014, the biobased products industry contributed $393 billion and 4.2 million jobs to America's recovering economy. The report also indicates that the sector grew from 2013 to 2014, creating or supporting an additional 220,000 jobs and $24 billion over that period. As one of the four pillars USDA has identified to boost our country's rural economy, USDA has invested heavily in growing the biobased economy.
At the same time, we’re working on regional solutions to alleviate long-term poverty, which disproportionately affects rural areas. In an effort to address this, last week USDA unveiled an innovative partnership with community development organizations from across the country, providing $401 million in funds to recipients with a track record of successful programs that help reduce poverty in some of the nation’s most isolated rural communities. Twenty-six community development organizations have been approved to draw upon the funding to help local entities build, acquire, maintain or renovate essential community facilities. The funds also can be used for capacity building and to finance essential community services, such as education, health care and infrastructure. Many of the projects will be in some of the nation's poorest rural areas, such as communities in Appalachia, the colonias along the U.S./Mexico border and in the Mississippi Delta region. Below is a list of the projects.
Full report in pdf format (142 pages) can be provided upon receive of your request.
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