U.S. Congressman Harold “Hal” Rogers (KY-05) announced today that the U.S. Department of Agriculture Rural Development (USDA-RD) program has approved a $199,000 grant for the Wayne County Empowerment Zone Industrial Development Authority to assist emerging businesses in the area. It is anticipated that this grant will help create approximately 18 jobs throughout Wayne County.
“Wayne County is open for business thanks in no small part to the work of the Development Authority,” said Rogers. “This funding will go a long way toward improving our communities and creating an environment where businesses can excel in Monticello and the surrounding communities. As this important project progresses, I am looking forward to seeing the positive effects it has on our region.”
Rural Development funds are used to provide loans and grants to rural programs that will provide economic development. Wayne County Empowerment Zone Industrial Development Authority’s funding is provided through the Rural Business Enterprise Grant program which supports rural projects that finance and facilitate development of small and emerging businesses. The Industrial Development Authority will use these funds to recapitalize their existing revolving loan fund and assist in creating jobs through small businesses in the area.
Rogers currently serves as a senior member of the House Appropriations Committee. Through this role, Rogers supports important initiatives in the Fifth Congressional District.