Local, state and national representatives got together in Wyoming last week to find ways to spur rural business opportunities within the state. Dan Nordberg, associate administrator, Office of Field Operations SBA, Jason Simmons and SBA Region VIII Administrator, met in Casper with representatives from HUD, USDA and our congressional delegation to identify ways to collaborate to improve opportunities in rural Wyoming.
This meeting followed U.S. Secretary of Agriculture Sonny Perdue and Administrator Linda McMahon, the head of the Small Business Administration (SBA), signing a Memorandum of Understanding (PDF, 179 KB) (MOU) between the U.S. Department of Agriculture (USDA) and the SBA to promote stronger businesses and agricultural economies in rural America.
The MOU seeks to bring the complementary strengths of SBA and USDA together and increase the outreach of our joint programs, leveraging the combined distribution capabilities of the two agencies. This concerted effort is also intended to strategically align investments to the priorities established by the President’s Agriculture and Rural Prosperity Taskforce.
USDA's and SBA's mutual interests include the following: improving access to lending for rural small businesses; increasing investment opportunities in rural areas; identifying ways to increase the benefits of the Tax Cuts and Jobs Act of 2017; and providing more access to federal contracting programs to rural businesses.
“Ensuring that rural communities in Wyoming have the same access to capital and business development services as their urban counterparts is a top priority for this administration. I look forward to working with USDA, and all our federal partners, as we strive to create an environment conducive to growth and prosperity for rural America,” Regional Administrator Norberg said.
Chad Rupe, State Director, USDA, stated, “USDA is pleased to have a strong partnership with the other federal agencies in addressing the needs of Wyoming. Our combined federal coordination with small business owners, as well as coordination with state and local governments is crucial to assist Wyoming’s economic recovery. Rural America’s success is vital to the nation’s success and we need each other to succeed. We are glad to be at the table to help address rural concerns with our funding partners.”