November 01, 2023 | USDA Press |
United States President Biden has announced over $5 billion in new investments for rural America as part of the Investing in Rural America Event Series. The investments, including funds from the Bipartisan Infrastructure Law and the Inflation Reduction Act, aim to advance rural prosperity, economic development, competition, and sustainability. The key areas of investment include $1.7 billion in climate-smart agriculture practices, $1.1 billion in rural American infrastructure, $2 billion for economic development projects in Rural Partners Network communities, nearly $274 million for high-speed internet infrastructure, and $145 million to expand access to renewable energy. The initiatives focus on creating jobs, upgrading infrastructure, and addressing climate change challenges in rural communities across the country.