Nearly $1.5M to aid rural Nebraska businesses

Lincoln, Nebraska (AP) November 2010

Three Nebraska groups will be sharing nearly $1.5 million in federal grants and loans to help strengthen rural communities.

The funding comes from the U.S. Department of Agriculture’s Rural Microentrepreneur Assistance Program.

The Center for Rural Affairs, of Lyons, will be getting a $400,000 loan and $100,000 grant. The money will help develop small businesses for the self-employed throughout Nebraska.

The Nebraska Enterprise Fund, of Oakland, will receive a $300,000 loan and $75,000 grant to help provide training, technical assistance and loan preparation.

Northeast Economic Development, of Norfolk, will use a $500,000 loan and $105,000 grant to help Native American tribes, Hispanics, Sudanese and Somalis in northeast and north-central Nebraska.