COLUMBUS, Ohio — The federal government is investing millions of dollars in rural businesses and entrepreneurs through loans and grants.

What You Need To Know

  • The United States Department of Agriculture will invest $981 million in rural businesses and entrepreneurs  

  • Ohio is set to see about 10% of that investment

  • According to the USDA, eight Ohio projects will receive funding

According to the United States Department of Agriculture, eight projects throughout Ohio will receive some form of funding.

Spectrum News agriculture expert Andy Vance said this funding comes from the department's rural development program.

"Basically we've decided that there's a societal benefit to having strong, vibrant rural communities," Vance said.

The largest investment for Ohio involves a $6,645,000 loan. The loan will be used to purchase a hotel in Wooster. The USDA said the investment will save about 23 jobs.

"What's part of having a vibrant community? (It's) making sure people have jobs," Vance said.

The department said 46 other states as well as Guam and the Virgin Islands will also receive funding.