Manchin, Capito Announce Rural Development Loan from USDA
Washington, DC – U.S. Senators Joe Manchin (D-WV) and Shelley Moore Capito (R-WV), members of the Senate Appropriations Committee, today announced a $750,000 loan from the U.S. Department of Agriculture (USDA) to Woodlands Community Lenders in Elkins, West Virginia. This Rural Development Investment will be used to make loans to small businesses in Barbour, Randolph, and Tucker Counties and will create and retain hundreds of jobs.
“Small businesses are the heart of our economy, and many have struggled to stay afloat during the COVID-19 pandemic. I am pleased USDA is investing in Woodlands Community Lenders, which will in turn provide loans to small businesses in Barbour, Randolph and Tucker Counties,” Senator Manchin said. “Not only will this investment support small businesses, but it will also create and retain good-paying jobs in the Mountain State. I look forward to seeing the economic growth from this investment and I will continue to advocate for funding to boost our economy and create jobs across West Virginia.”
“USDA’s Rural Development program has been a great source for innovation and revitalization in West Virginia, which has been essential as we recover from the economic damage caused by the COVID-19 pandemic. I’m thrilled to see their support for the Mountain State continue today with this investment. I’m thankful for the role that Woodlands Community Lenders is playing in North Central West Virginia, and I look forward to all of the positive outcomes that will be sparked from this investment,” Senator Capito said.
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