A new report on how the Department of Agriculture's distribution of loan and grant funds provided through the American Recovery and Reinvestment Act of 2009 (Recovery Act) has helped the Nation's rural residents.
The report estimates that millions of business owners and agricultural producers; Internet users, and thousands of homeowners will benefit and over 300,000 jobs are being created or saved. The job estimates contained in the report are derived from recipient reported data or program-based economic models. Of the $40.7 billion in Recovery Act funding obligated by the U.S. Department of Agriculture, Rural Development obligated more than half for projects ($21.2 billion in program-level funding) through seven programs. In all, 95,000 loans and 2,500 grants were provided to recipients in all 50 states, American territories, the District of Columbia and the Commonwealth of Puerto Rico. This record level of Federal investment leveraged additional private investment in communities across the country, demonstrating the positive impact that public-private partnerships can have on rural communities and economies.
The Rural Utilities Service (RUS) received $2.5 billion in funding to deploy high-speed broadband networks to the hardest-to-reach rural areas of the country. Working with partners at the Department of Commerce's National Telecommunications and Information Administration (NTIA), RUS invested $3.5 billion in funding for 297 broadband infrastructure projects, four satellite awards, and 19 technical assistance grants to extend the benefits of broadband to rural communities, Native American and Alaska Native lands in 45 States and 1 territory. An estimated 7 million people, many of them located in extremely remote areas, will have access to improved broadband services. The projects will create or save 25,800 jobs.
In Reedsburg, Wis., (located in Sauk County), the Reedsburg Utilities Commission used $5,239,168 in Recovery Act funds to bring broadband service to an area of southwestern Wisconsin that is deficient in broadband services due to hilly terrain. In addition to the USDA funds, more than $2.3 million in private investment was provided. It is estimated that 310 businesses and more than 2,400 homes will be able to access the utility's services, and an estimated 42 new jobs will be generated.