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Biden-Harris Investing in America Agenda Lowers Energy Costs for Rural Business Owners and Agricultural Producers

Name
Derek VanHorn
Release Date

MOUNT LAUREL, NJ, July 13, 2023 – As part of President Biden’s Investing in America agenda, U.S. Department of Agriculture (USDA) Rural Business-Cooperative Service Administrator Dr. Karama Neal today announced that USDA is making $21 million in technical assistance grants available through the Rural Energy for America Program (REAP) to help agricultural producers and rural small businesses access federal funds for renewable energy and energy efficiency improvements.

“New Jersey has been successful in administering REAP since its inception, which is what our rural residents deserve,” said Jane Asselta, USDA Rural Development State Director. “These technical assistance grants will provide hands-on support to agricultural producers helping to balance our portfolio of the types of projects we invest in and expand outreach to attract more applicants.”

Through the REAP TAG program, the agency will make grants available to eligible entities throughout New Jersey to provide services to assist potential REAP applicants in submitting applications. These efforts are aimed at expanding access for agricultural producers, applicants located in underserved communities, projects using underutilized technology and projects improving energy efficiency.

For additional information on eligibility and guidelines, see the July 13 Federal Register.

Eligible recipients for these grants include state or local governments; colleges and universities; electric cooperatives and utility companies; and for-profit and nonprofit organizations. Recipients may use the funds to:

  • Help rural agricultural producers and small business owners apply for REAP funding.
  • Provide information on how business owners and agricultural producers can improve the energy efficiency of their operations and use renewable energy technologies and resources.
  • Conduct required energy assessments and audits.
  • Help agricultural producers and small business owners plan, build, or develop renewable energy or energy efficiency projects.

This announcement is part of President Biden’s Investing in America agenda and the Bidenomics strategy to grow the American economy from the middle out and bottom up by rebuilding our nation’s infrastructure, driving over $500 billion in private-sector manufacturing investments, creating good-paying jobs, and building a clean-energy economy to tackle the climate crisis and make our communities more resilient. REAP is also part of the Justice40 Initiative, which is advancing environmental justice by ensuring that 40 percent of the overall benefits of certain federal investments reach disadvantaged communities that are marginalized and overburdened by pollution and underinvestment.

Interested applicants are encouraged to contact New Jersey’s USDA Rural Development State Office.

Inflation Reduction Act: Background

The Biden-Harris Administration championed the Inflation Reduction Act to help provide new funding and unprecedented incentives to expand clean energy, transform rural power production, create jobs and spur economic growth. It is the largest single investment in rural electrification since the Rural Electrification Act of 1936.

Through the Inflation Reduction Act, the Administration is delivering on its promise to fight climate change and reduce greenhouse gas emissions across America. The Inflation Reduction Act provides funding to USDA Rural Development to help eligible organizations invest in renewable energy infrastructure and zero-emission systems and make energy efficiency improvements that will significantly reduce greenhouse gas emissions.

To learn more about investment resources for rural areas, visit www.rd.usda.gov or contact the nearest USDA Rural Development state office.

USDA Rural Development provides loans and grants to help expand economic opportunities, create jobs and improve the quality of life for millions of Americans in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural, tribal and high-poverty areas. For more information, visit www.rd.usda.gov.

To subscribe to USDA Rural Development updates, visit GovDelivery subscriber page