BISMARCK, ND (KXNET) — U. S. Department of Agriculture (USDA) Rural Development State Director Erin Oban today announced that USDA Rural Development is investing $471, 525 in North Dakota through the first round of the Meat and Poultry Processing Expansion Program (MPPEP) and $10 million through the Meat and Poultry Intermediary Lending Program. South Dakota receives $12. The maximum, aggregate grant award is $15 million, and applicants can apply for funds up to this aggregate amount in more than one cycle. MPILP loans will support the following loan purposes: - Expansion of existing business. Personal financial statement. With 44 USC 3507(j)(2) as amended and 5 CFR 1320. Funding is awarded to the intermediary lender in the form of grants. Priority for the Biden-Harris Administration. In Iowa, Pure Prairie Farms Inc., a startup chicken processing facility in Charles City, Iowa, received approval for a $38.
The announcement is the first round of funding made available through Phase I of MPEPP. Facilities update or expansion. Business tax returns. "We identified a relatively small group of about 40 or so projects that merit further review and evaluation. January 3, 2022, President Biden and Secretary Vilsack appeared. Among the projects aided by USDA funding was expansion of cattle slaughter by Greater Omaha Packing Co. by 700 head a day. Private nonprofit corporations, public agencies, Tribes, and cooperatives that finance – or plan to finance – the start-up, expansion, or operation of meat and poultry processing are eligible to apply. Loans of up to $10 million are available. ⚑ Please report this page in case you detect an inaccuracy in its content. "The priority of the Biden Administration to address this challenge created opportunity for North Dakotans, and we are thrilled to award $10, 000, 000 to Lewis and Clark Development Council and nearly $500, 000 to South 40 Beef, both right here in our state. Addition, the Agency highlights the importance of strengthening. Application Instructions.
Authority Name - login to view. SEEKING FINANCING OR BUSINESS EXPERIENCE IN MEAT AND POULTRY PROCESSING. Today, the cattle industry needs more targeted capacity in high-need areas, and we look forward to these facilities launching and expanding operations, " said NCBA Senior Director of Government Affairs Tanner Beymer. Personal tax returns. Information collection is approved as an emergency clearance. Product availability at the height of the pandemic in 2020. MPPEP is part of USDA's initiative to strengthen critical supply chains and the food system. US announces new investments to expand meat and poultry processing capacity.
District III will establish a financial resource that builds District III's lending capacity while focusing on a chronic economic challenge, namely creating value added agricultural alternatives. To apply for this program, visit for instructions and application materials. According to the project description, "The Minnesota Meat & Poultry Revolving Loan Program will be managed by the Minnesota Rural Finance Authority (RFA), the agricultural lending arm of the State of Minnesota. Nutrient Management. The Learning Lab cohort will help test and refine the training curriculum and other technical assistance resources.
MPPEP was designed to support capacity expansion projects in concert with other private and public finance tools. Proof of personal equity injection. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All applicant entities must have a current and active registration in the System for Award Management (SAM) in order to file an MPILP application. Explore hundreds more programs on Ambrook. The grants range in size from $291, 900 to a startup cooperative in Montana to $19.