jill harvey

Recently USDA Rural Development Administrator for Business and Cooperative Programs Judith Canales joined Small Business Administration (SBA) officials in Syracuse, New York, to discuss opportunities to promote rural small business investment and job creation.  The rural investment roundtable event was held at Dairylea Cooperative, Inc.

As part of the Startup America Initiative, SBA recently announced the creation of a $1 billion Impact Investment Fund through its Small Business Investment Company (SBIC) Program.  The Impact Fund will invest in distressed areas as well as in emerging sectors such as clean energy. SBA provides up to a 2 to1 match to private capital raised by this fund, partnering with private investors to target “impact” investments.

As we look back at successes of 2011, this MOU signing is one that I will remember. This summer, USDA Rural Development New York State Director Jill Harvey and St. Regis Mohawk Tribal Chiefs, Ronald Lafrance Jr, Randy Hart, and Mark Garrow came together to sign a Memorandum of Understanding (MOU). This MOU marked the first time Rural Development’s New York state office has been able to offer secured loans on Tribal Lands in New York.  This is truly a historic partnership between a federal agency and the St. Regis Mohawk tribe.

This MOU will enable USDA to offer all SFH Programs on St. Regis Mohawk lands to include:  Section 502 Direct, Section 502 Guaranteed Rural Housing, Section 504 Home Repair Loans and Grants and Self Help Housing.  Rural Development will now be able to finance the construction of new homes, as well as the acquisition and rehabilitation of existing homes for low and moderate income families on the Akwesasne tribal lands.

USDA Rural Development (RD), Natural Resources Conservation Service (NRCS) and Farm Service Agency (FSA) staff planted the first public “Peoples Garden” in New York State last week.

USDA Rural Development and the Farm Services Agency sponsored the Rural New York Economic Development Forum earlier this month in Virgil, N.Y. we had an audience of about  60 business, government and economic development leaders.