Community Development Financial Institutions (CDFIs) like Rural Community Assistance Corporation are responding to borrowers in crisis in communities from coast to coast. Each of our organizations is fielding dozens of calls a day from borrowers struggling with how to survive lost revenue and canceled programming, how to keep people employed, and even whether to close their doors entirely.
A recent report shows that while urban areas tend to have the highest wages overall, rural wages are growing at a faster pace. According to City Lab, the myth that success is only to be found in urban areas is false.
SACRAMENTO, Calif.– Assistant to the Secretary for Rural Development Anne Hazlett today announced the U.S. Department of Agriculture (USDA) has finalized four cooperative agreements to help rural communities create and implement economic development plans.
Charities and other funding organizations that help rural communities can often rely on the people who live there to let them know what’s needed in terms of infrastructure and rural development, according to recent reporting in The Daily Yonder.
The Opportunity Zones program was established by Congress in the Tax Cut and Jobs Act to spur long-term private sector investments in low-income urban and rural communities nationwide. The program is based on the bipartisan Investing in Opportunity Act.