USDA Announces Value-Added Producer Grants To Support The Bioeconomy

more+
less-

On August 19, 2014, the U.S. Department of Agriculture (USDA) announced that the Agency is investing $25 million to support 247 businesses throughout the country under the Value-Added Producer Grant program (the program). The program was reauthorized under the 2014 Farm Bill. It is designed to "[help] agricultural producers grow their businesses by turning raw commodities into value-added products, expanding marketing opportunities and developing new uses for existing products." According to USDA's press release on the announcement, the program may be used for various purposes, including helping to grow the bioeconomy.

In fact, two of the grants will directly support further development of bioproducts. In South Carolina, ATP-SC, LLC will receive $200,000 to be used to "process various bio-crops, using Torre faction and related processes, turning them into a feedstock from which various bio-products can be made." And in Tennessee, Stony Creek Colors, Inc. will receive $199,987 to "be used as working capital for the recipient's bio-based textile colorants from farm-grown natural dye crops business."

A copy of USDA's press release, which includes a link to the full list of program recipients, is available online.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bergeson & Campbell, P.C. | Attorney Advertising

Written by:

more+
less-

Bergeson & Campbell, P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×