USDA Deputy Secretary Xochitl Torres Small announced today that the USDA is strengthening its partnership with the Small Business Administration (SBA) to create jobs and expand access to new and better market opportunities for people in rural America. Through a memorandum of understanding (MOU) signed today, the two agencies are committing to increase investments in small and underserved communities to help grow the rural economy and create good-paying jobs nationwide.
Torres Small emphasized the Biden-Harris Administration’s commitment to rebuilding the economy for the American people, especially in the nation’s most underserved and rural communities. She highlighted USDA’s dedication to driving economic security and prosperity for people in rural America. The collaboration with the SBA is intended to help expand opportunities for people to build brighter futures for generations to come.
SBA Administrator Isabel Casillas Guzman expressed that rural small businesses strengthen local economies, creating jobs and serving communities. She emphasized that this partnership with USDA will build upon the Biden-Harris Administration’s commitment to investing in underserved rural Americans and providing the resources needed to help them start and grow their businesses.
The agencies are committing to expanding opportunities for rural technical assistance providers, entrepreneurs, cooperatives, and small business owners. They will also provide resources to help rural businesses compete in both domestic and international markets. This partnership is expected to have a significant impact on job creation, economic growth, and innovation in rural areas across the country.