Rep. Frank Kratovil today announced that Cecil College has received $131,000 in recovery act funding to create jobs by starting or expanding businesses in rural communities. Through funding provided by the American Recovery and Reinvestment Act (ARRA) , Cecil College will help businesses access critical capital that will help with start-up and working capital loans, building and plant renovations, transportation improvements, project planning and other business needs.
“This funding represents an ongoing effort to promote job development in rural areas like Cecil County by ensuring that strategic investments are made in rural America,” said Rep. Kratovil. “I am pleased to see these Recovery dollars being invested in the small businesses that drive community development and create good local jobs. This funding will help spur important economic development and strengthen the communities right here in Cecil County.”
The funding announced today is being is being provided by ARRA through USDA Rural Development’s Rural Business Enterprise Grant Program (RBEG), which helps finance new and existing businesses as well as employment-related adult education programs. RBEG funds can be used for start-up and working capital loans, building and plant renovations, transportation improvements, project planning and other business needs. Additional information on the RBEG program may be found at http://www.rurdev.usda.gov/rbs/busp/rbeg.html.