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Published: 23 October 2014 23 October 2014

$122 Million Invested in NM by USDA Rural Development in 2014
$1.3 Billion Invested in NM during entire Obama Administration

ALBUQUERQUE, NM, Oct. 22, 2014 – On behalf of the US Department of Agriculture's (USDA) commitment to strengthening rural economies, USDA Rural Development State Director for New Mexico Terry Brunner announced new data highlighting USDA investments in rural New Mexico, including the $122-million in business done in the state during the 2014 fiscal year.

This data summarizes specific USDA investments in rural New Mexico's businesses, energy, water and other infrastructure development. It also outlines how USDA is helping rural New Mexico attract businesses and families by investing in housing and broadband. This information is part of USDA's national "Made in Rural America" report illustrating the impact of USDA investments in rural America.

"Supporting our rural communities benefits all New Mexicans," said Brunner. "USDA has made dedicated investments in manufacturing, energy and small businesses in rural New Mexico. At the same time, we are bringing reliable services like water, housing and broadband to make these same communities attract and retain a talented workforce. This data shows that the entrepreneurial spirit is strong in rural New Mexico."

In New Mexico, USDA has made investments to help seventeen rural businesses thrive and grow, by providing a total of $15,752, 245 in financial support. In addition, USDA made $65,043,122 in loans and grants to help 577 families purchase or repair their homes. The agency also invested $25,169,907 million to support efficient water support, treatment and storage facilities, and wastewater treatment systems. This investment has improved the health of almost 10-thousand rural New Mexican who now have access to clean water and reliable sanitation.

More information is available at www.usda.gov/opportunity.

The "Made in Rural America" report reflects USDA's efforts to strengthen the "four pillars" of a new economy in rural America by developing a robust bio-based economy; promoting exports and production agriculture fueled by increased productivity and research; encouraging conservation including land management, stewardship and outdoor recreational opportunities; and building a strong local and regional food system to harness entrepreneurial innovation and help small and medium-sized family farms succeed in rural America.