WASHINGTON, Oct. 13, 2016 – The U.S. Department of Agriculture (USDA) today announced the launch of a new private investment fund with the potential to inject $100 million into growth-oriented, small businesses across rural America. The McLarty Capital Partners (MCP) Rural Business Investment Company (RBIC) will be the fifth RBIC that USDA has helped to initiate since 2014. The initiative is part of USDA’s ongoing efforts to attract private sector capital to investment opportunities in rural America to help drive more economic growth in rural communities.
“Innovative small businesses throughout rural America need the same access to capital as their urban business counterparts,” said Agriculture Secretary Tom Vilsack. “McLarty Capital Partners is an important ally in USDA’s efforts to reenergize the rural economy, help small businesses grow and strengthen local communities.”
By Jessica Crowder |
By Lesli Allison |
Join WLA to stay up to date on the most important news and policy for land stewards.
Become a member for free today and we will send you the news and policy developments critical to the economic and ecological health of working lands.
WLA works on behalf of landowners and practitioners throughout the West. We will never share your contact information with anyone.