Recovery Act assistance for PA business

HARRISBURG — US Agriculture Secretary Tom Vilsack on Tuesday announced investments that are providing critical support for a number of Pennsylvania businesses with funding made possible by the American Recovery and Reinvestment Act (Recovery Act). In a visit to Harrisburg, Vilsack said that in the last six months, USDA has provided nine loan guarantees through the Recovery Act to businesses throughout the state. “In Pennsylvania, the Recovery Act has guaranteed $35.6 million in business loans that are expected to save or create hundreds of jobs and this is great news for rural communities across this state,” Vilsack said. “Supporting local economies in places like Turbotville and Richland, and now Williamsburg, is one of the many ways the Obama Administration and USDA are working to rebuild and revitalize rural America.” With today’s announcement, the loan guarantees that USDA has provided to more than 350 businesses in the last seven months will help create or save an estimated 23,500 jobs. More information about USDA’s Recovery Act efforts is available at www.usda.gov/recovery. More information about the Federal government’s efforts on the Recovery Act is available at www.recovery.gov.