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White House to Begin $10 Billion Rural Investment Fund
July 28, 2014 /
Wall Street is looking for ways to invest in America’s heartland, and the government is ready to play matchmaker.
The White House Rural Council will announce plans on Thursday to start a $10 billion investment fund that will give pension funds and large investors the opportunity to invest in agricultural projects. Those include wastewater systems, energy projects and infrastructure development in rural America.
"We’re the eHarmony.com of infrastructure and business investment," the agriculture secretary, Tom Vilsack, said, referring to the online dating service.
By ALEXANDRA STEVENSON
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Posted in: Regional Economic Development
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