USDA Deputy Secretary Xochitl Torres Small has announced that the agency is strengthening its partnership with the Small Business Administration (SBA) to create jobs and expand access to new and better market opportunities for people in rural America. Torres Small emphasized the Biden-Harris Administration’s commitment to rebuilding the economy, especially in underserved rural communities. She highlighted USDA’s dedication to driving economic security and prosperity for people in rural America.

SBA Administrator Isabel Casillas Guzman expressed that rural small businesses play a vital role in strengthening local economies, creating jobs and serving communities. The collaboration with USDA will build upon the Biden-Harris Administration’s commitment to investing in underserved rural Americans and providing the resources needed to help them start and grow their businesses.

Through a memorandum of understanding (MOU) signed today, USDA and SBA are committing to increase investments in small and underserved communities to help grow the rural economy and create good-paying jobs nationwide. Additionally, the agencies are committing to expanding opportunities for rural technical assistance providers, entrepreneurs, cooperatives, and small business owners. They will also provide resources to help rural businesses compete in both domestic and international markets.

The partnership between USDA and SBA is expected to have a significant impact on people living in rural America by creating more job opportunities, providing greater access to capital, training, technical assistance, and other resources needed to start or grow a business. It will also help foster economic growth by promoting innovation, entrepreneurship, and investment in rural areas.

In conclusion, this collaboration between two key government agencies represents an important step towards building a stronger economy for all Americans. By investing in underserved communities, we can create more opportunities for people living in rural areas to build brighter futures for themselves and their families.

By Editor

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