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Monday, April 20, 2009

Prospera to Prosper from USDA Loans

Prospera Business Network, a Montana firm, to channel $500K in USDA loans. Maybe some of the money will be distributed to go towards the building of the foreign owned horse-slaughter houses they want so badly to build. Think it isnt so? This money-trail bears careful watching.


By Chronicle Staff

Prospera Business Network has been chosen to channel $500,000 in USDA Rural Development loans to spur economic development and create or save jobs in the greater Bozeman area.

The Bozeman-based nonprofit organization was one of 20 organization across the country selected to receive a total of $12.7 million in loans, according to a statement from Agriculture Secretary Tom Vilsack’s office.

“Investing in local businesses is one of the most effective ways to ensure that rural communities continue to be economically viable and attractive places to live and work,” Vilsack said. “The funding announced today reflects President Obama’s commitment to stimulate rural economies.”

The money, which comes through the USDA’s Rural Development Intermediary Relending Program, is provided to community-development or regional-planning groups that then re-lend it to local businesses, according to the statement.

Loans must be used to start new businesses, expand existing ones or create or retain jobs.

Prospera was the only Montana-based organization chosen for the program.

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