Agriculture Secretary Tom Vilsack announced the launch of two new private funds, (Innova Memphis and Meritus Kirchner) known as Rural Business Investment Companies (RBICs), which make equity investments in rural businesses, helping them grow and create jobs. This announcement is part of USDA’s ongoing efforts to help attract private sector capital to investment opportunities in rural America to help drive more economic growth in rural communities. Listen to the audio clip below.
NASHVILLE, Tenn (RFD-TV) Investing in rural businesses and in rural America. Those are the goals of two new private funds launched this week by Secretary of Agriculture, Tom Vilsack. For more on these developments, view the video below.