USDA report shows energy program helping small businesses

    
 

Wednesday, Mar 21 2012 4:03PM

Farmers and rural small businesses have benefited greatly from REAP, which helps them lower energy costs and hire more workers.

Farmers and rural small businesses have benefited greatly from REAP, which helps them lower energy costs and hire more workers.

A U.S. Department of Agriculture (USDA) report shows the Rural Energy Assistance Program (REAP) is helping the country become energy independent and rural small businesses become more energy-efficient.

The report indicates that since its inception three years ago, REAP has supported more than 4,700 energy projects through $192 million in grants and $165 million in loans to farmers and rural small businesses across the nation.

During this period, more than 500 REAP-funded projects have taken place in western states.

"Stable energy costs are a prime factor in an employer's decision to expand a business or hire new workers," said Agriculture Secretary Tom Vilsack. "That is why USDA has partnered with more than 13,000 of America's farmers, ranchers and rural businesses to improve their bottom line by helping them find energy efficient solutions that will spur economic growth and prosperity in rural America."

Under Secretary for USDA Rural Development Dallas Tonsager said reducing energy costs for these businesses makes it easier for them to hire and maintain more workers.

For further information, check out this source: U.S. Department of Agriculture

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