The Cream of the Rural Development Crop

Self-employment and small businesses are key to economic vitality in rural America. But many rural entrepreneurs who have an idea for a business don't have the resources or tools to get started or develop a business plan.
Is your community or state committing resources to rural entrepreneurial development?   Is your state backing the heaviest hitter in rural economic development, namely microenterprise?  Would you like them to?
 
The Center for Rural Affairs’ has one of the most elite rural development programs in the nation, the Rural Enterprise Assistance Project (REAP).  REAP is one of the largest rural entrepreneurial development programs in the nation.  Currently REAP services are only available in Nebraska, but why shouldn’t it be duplicated in other states?
 
REAP's work centers around four components: technical assistance, lending, training, and networking.  Just last year REAP assisted 1,226 individuals, including 379 Latino entrepreneurs, with one or more of these business development services. REAP was also responsible for making 72 loans last year, including 47 REAP Direct Loans totaling $474,691.  And 25 of those REAP loans helped leverage over $1,127,250 from other lending sources, thanks to the assistance of REAP.
        
This past year 214 business plans have been completed and 353 jobs created… jobs and businesses that generate income, new jobs and economic opportunity for the entire community. 
  
If you are interested in bringing rural entrepreneurial development to your community visit: http://www.cfra.org/policy/micro or contact the Center for Rural Affairs for more information. 

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