USDA Rural Development awards loans and grants in Harlan County

HARLAN COUNTY, Ky. (WYMT) – On Friday, The US Division of Agriculture (USDA) awarded loans and grants to companies and organizations in Harlan County.

JRL Coal, based mostly out of Georgia however has coal mines in Harlan County, acquired a enterprise and trade assured mortgage.

Capital markets are very troublesome proper now for coal corporations, and now we have to have a look at packages like this which can be offered by the USDA Rural Improvement to entry capital,” mentioned CEO of JRL Vitality Tim Lusby.

Hilda Legg, State Director of USDA Rural Improvement, mentioned they have been capable of present the mortgage from the CARES Act cash the group acquired.

To assist struggling companies on account of COVID to get by these very making an attempt instances,” mentioned Legg,

Not solely does this assist the coal firm throughout COVID-19, but it surely additionally helps a couple of hundred staff preserve their jobs.

Finally, its going to assist strengthen the coal firm and assist us get by, were very lucky that now we have contracts by 2021, added Lusby.

Group Motion KY INC, father or mother group to Rural Group Help Program (RCAP), which helps in constructing hospitals, group facilities and has a mission to supply clear consuming to rural communities acquired greater than $100,000 grant.

The Metropolis of Evarts additionally acquired a $50,000 Group Services grant to purchase two new vans for its police division.

Harlan County had the necessity, Harlan County utilized for the cash, Harlan Countys management supported that and we felt that it was a terrific place to take a position our rural growth {dollars},” added Legg.

The loans and grants acquired will put a refund into the county.

These individuals have the best work ethic, its similar to the World Struggle 2 technology, and its one thing they actually should be happy with,” mentioned Lusby.

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One thought on “USDA Rural Development awards loans and grants in Harlan County

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