Increasing Investment in Rural America

Increasing Investment in Rural America

The White House and the USDA announced that in partnership with CoBank and several investment groups — there is a new $10 billion dollar investment fund, called the Rural Infrastructure Opportunity Fund, that will promote rural economic development which will give Wall Street investors the opportunity to provide capital for rural America.
CoBank is part of the Farm Credit cooperative bank system. CoBank CEO Bob Engel says this is an innovative and new approach to provide jobs and real opportunities for rural America.
Engel: “The scale the commitment of investment that is going to be necessary in the coming years if we are going to keep the rural economy vibrant and certainly world-competitive is absolutely huge. So we come together here today — for those of us to really do have a profound stake in the long-term health and development of U.S. rural economy. And quite frankly I would say if you stop and think about it for a minute — everyone in our country and increasingly those beyond our borders have a real stake in the long-term health of rural America. We have to do everything we can to facilitate the flow of capital to rural infrastructure projects.”

 

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