During the visit, President Biden will announce over $5 billion in new investments from his Investing in America agenda – including the Bipartisan Infrastructure Law and the Inflation Reduction Act – to advance rural prosperity, economic development, competition, and sustainability. President Biden will also discuss how Bidenomics and his Investing in America agenda are ensuring rural Americans do not have to leave their hometowns to find opportunity.
Over the course of two weeks, President Biden, Cabinet members, and Senior Administration Officials are barnstorming across the country as part of the Investing in Rural America Event Series to highlight how the Biden-Harris Administration’s investments are bringing new revenue to farms, increased economic development in rural towns and communities, and more opportunity throughout the country.
USDA is announcing $1.1 billion across 104 loan and grant awards to upgrade infrastructure in rural communities, including $5 million from the Inflation Reduction Act to further increase the availability of renewable, homegrown biofuels. During a press call Tuesday to announce the president’s visit, Vilsack talked about why they chose to kick off the rural tour in Minnesota.
“There are obviously a lot of folks in Minnesota that understand and appreciate climate smart agriculture and the enormous new income opportunities and environmental benefits,” said Vilsack. “Minnesota also understands and appreciates that the future is in biofuels and the need for us to continue to look for ways to expand the utilization and access to higher blends, particularly in the Midwest.”
Also on the call with Vilsack were Mitch Landrieu, Senior Advisor to the President and White House Infrastructure Implementation Coordinator; Neera Tanden, Assistant to the President and Domestic Policy Advisor; and Stephen Benjamin, Senior Advisor to the President and Director of the Office of Public Engagement.
Vilsack Rural America Investment event 29:30