USDA and SBA Join Forces to Help Rural American Businesses

Dan Economy, Funding, Industry News Release

Ag Secretary Sonny Perdue and Small Business Administration chief Linda McMahon signed a Memorandum of Understanding on strengthening small businesses and the agricultural economies in rural America. They signed the MOU during a stop on Perdue’s “Back to Our Roots” tour in Ohio.

businessesThe collaboration is designed to do several things, including enhancing investment opportunities in rural America. The organizations also intend to identify ways to increase the benefits of the Tax Cuts and Jobs Act of 2017. Other goals include improving innovation for rural technical assistance providers and aiding rural businesses in providing tools to export products around the world.

SBA Administrator McMahon says as small businesses continue to rise, it’s important to create a better environment to help rural America thrive. She says, “I look forward to working with Secretary Purdue to strengthen America’s many agricultural small businesses.”

Perdue says most family farms operate as small businesses, so the collaboration between USDA and SBA makes a lot of sense. Perdue says, “I’m grateful to be partnering with Administrator McMahon and SBA to best help farmers, ranchers, foresters, and small businesses in rural communities thrive.”

From the National Association of Farm Broadcasting News Service.