Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. Agriculture Dept to invest $420 million in rural water infrastructure

Published 04/21/2022, 10:09 AM
Updated 04/21/2022, 10:10 AM

By Leah Douglas

(Reuters) - The U.S. Department of Agriculture will put $420 million of funds from the Bipartisan Infrastructure Law towards rehabilitating dams, preventing floods, and restoring watersheds in 31 states, the agency announced Thursday.

The funding is part of a broader, multi-agency effort to provide more technical and financial assistance to rural communities that are facing the increasingly unpredictable and severe effects of climate change with outdated infrastructure.

It will be distributed to 132 projects in the 31 states, said Agriculture Secretary Tom Vilsack while traveling in Georgia with White House Infrastructure Coordinator Mitch Landrieu and Rep. Sanford Bishop.

"Our watershed programs help communities rebuild after natural disasters and prepare for future events," Vilsack said in a statement. "This includes communities that we’ve historically underserved."

The funded projects will reduce flood risks in Arkansas, improve the efficiency of irrigation canals in Oregon, and upgrade dams in Vermont and Georgia, among other efforts.

USDA and the White House on Wednesday announced a new program, called the Rural Partners Network, that will partner federal agencies with rural communities so underserved regions can more easily access federal funds available through the American Rescue Plan and the infrastructure law.

"Just making resources available is not enough — the federal government must work better for rural communities so that they can fully take advantage of these opportunities," said White House Domestic Policy Advisor Susan Rice in a statement Wednesday about the launch of the network.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.