Fuel farm gets USDA grant, loan

A $300,000 grant and $740,000 loan from the U.S. Department of Agriculture will be used by the Hancock County (Miss.) Development Commission to buy an industrial site and build a fuel farm for a jet engine test facility, which Rolls Royce will lease at NASA's Stennis Space Center. The USDA program is designed to support job creation and strengthen economic growth in rural counties. Projects in 12 states are receiving money through Rural Economic Development Loan and Grant program, which provides zero-interest loans to local utilities which, in turn, provide funds to local businesses for projects to create and retain employment in rural areas. (Source: USDA, 08/02/12)