USDA Rural Development Announces $153 million in Support of Rural Nevada
The Nevada State office of the United States Department of Agriculture, Rural Development has announced that $153 million was invested in rural Nevada communities during the Federal Fiscal Year 2010. These funds helped boost $23.7 million in business development and allowed 621 families to purchase homes, among other investments.
Nevada Broadband Efforts Boosted by Federal Funds
Approximately $2.5 million in federal funding was given to Connect Nevada as part of the National Telecommunications and Information Administration’s State Broadband Data and Development (SBDD) grant program. This funding will help to spread high-speed Internet to all ends of the Silver State.
Wells Fargo Contributes $24 Million for Foreclosure Prevention
Wells Fargo & Co. will contribute approximately $24 million to eight states, including Nevada, to help prevent or mitigate the impact of foreclosures. Beginning Dec. 18th, the bank will allow eligible, at-risk Wachovia customers to earn principal forgiveness with on-time payments.