$123 million has been earmarked for the grants
The US Division of Agriculture (USDA) introduced final week that it’s making extra funding accessible for meat and poultry processors to develop operations, remodel the meals provide chain and create new and higher markets for producers.
This funding advances president Biden’s dedication to develop the economic system from the underside up and center out by creating good-paying jobs and alternatives in each group.
“The Biden-Harris Administration and USDA are dedicated to remodeling our meals system to at least one that creates new markets for our small and mid-sized farming and ranching operations whereas defending alternative in our rural communities for generations to come back,” rural growth appearing beneath secretary Roger Glendenning stated. “The funding we’re making accessible at the moment to meat and poultry processors is not going to solely give producers extra choices, but additionally create good paying jobs and construct better resilience in our general meals system.”
USDA is partnering with the New Hampshire Group Mortgage Fund to make accessible $123 million in grants by means of the Meat and Poultry Processing Growth Program. This system is a part of a collection of actions the Biden-Harris Administration has taken to advertise a fairer, extra aggressive and extra resilient meat and poultry provide chain.
The grants will assist unbiased companies construct and modernize processing services and tools, undertake new applied sciences and practice staff, amongst different actions.
Eligible tasks could obtain grants from $250,000 as much as $10 million. Profitable candidates should be capable to cowl 70% of their whole challenge value.