USDA adds $100 million private investment fund for rural America

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In Washington D.C., the U.S. Department of Agriculture launched a new $100 million private investment fund managed by McLarty Capital Partners. The new fund was formed under the USDA’s Rural Business Investment Program and is part of USDA’s ongoing efforts to attract private sector capital to investment opportunities in rural America to help drive more economic growth in rural communities.

Agriculture Secretary Tom Vilsack said, “Innovative small businesses throughout rural America need the same access to capital as their urban business counterparts.  McLarty Capital Partners is an important ally in USDA’s efforts to reenergize the rural economy, help small businesses grow and strengthen local communities.”

“We are pleased to partner with USDA in this innovative public-private partnership to propel and sustain small business growth in rural America,” said McLarty Capital Partners co-founder, Franklin McLarty.

McLarty is the fifth Rural Business Investment Company licensed since 2014 and will invest in businesses located in smaller communities throughout the nation.