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USDA says: Randolph County area businesses threatened with closing saved with federal funds

By   /   September 13, 2010  /   Comments

Curt Wiley, Chief of Staff of USDA Rural Development Business and Cooperative Services in Washington, D.C., will be in Randolph County to visit with three business owners who have benefitted from recent funding to create jobs.

The celebration and facility tour will be at RockWater (also known as Peerless Manufacturing) on U.S. Highway 82 in Shellman at 11:45 a.m. on Thursday.

RockWater is among three businesses in the area that recently received funding through USDA Rural Development’s Business and Industry (B&I) Guaranteed Loan Program – two through Recovery Act and one through regular funding.

The businesses are:

RockWater – $3,400,000 in Recovery Act Funding. Saves 33 jobs.

Piggly Wiggly (Southside Plaza Developers, Inc.) – $1,675,000 in Recovery Act funding. Expected to create 10 new jobs and save 26.

A.G. Daniel Company, LLC – $3,700,000 in regular funds. Expected to create 20 new jobs and save 75.

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Comments

  1. Jeff B says:

    Aside from the fact that this money came from American Tax Payers, and the fact that the underlying problems that jeapordized these jobs has not changed, each on of these jobs at Rockwater works out to about $103,000 each and the Piggly Wiggly Jobs cost a measly 167,500 each. How is this possibly a good thing for America. You know, it may have made more sense to find 40 people who haven’t worked in a while and paid them the money because it is likely to have the same effect as this stimulus.

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