Rural communities are sometimes forgotten in today’s Twitter field world when it comes to investment and innovation. With so much capital residing in the West and East coast, it’s great news when small cities receive investments to support their community. In Nebraska, the “Center for Rural Affairs in Lyons was recently awarded $665,000 from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund for lending capital. The Rural Investment Corporation was among 303 CDFIs nationwide that are receiving $208.7 million to increase lending and investment activity in low-income and economically distressed communities across the U.S.”
“The Rural Investment Corporation was certified as a CDFI in 2013, providing microloans, small-business loans and development services to low-income communities in the state. Since 2013, it has loaned more than $5.7 million in amounts up to $150,000.”
I cannot emphasis enough how important this is for the growth of America. From Wyoming looking to support small businesses to the government continuing its support for rural and low income communities, more investment is needed in my opinion to innovation in energy, agriculture and other areas of need that could make America better than ever.