. Senator Michael Bennet (D-Colo.) and . Senate Majority Leader Chuck Schumer (D-N.Y.) on Thursday introduced the Rural Investment Act to bolster economic growth in rural communities through strategic investment in .
According to a release, the legislation would grant $50 million a year in development funding to rural communities in the ., hoping to revitalize and grow their economies through the industry.and economic
“From skiing our mountains in the winter to floating our rivers in the summer, Colorado is home to some of the best in the country,” said Bennet. “As demand for grows, it’s important that our investments benefit local communities, businesses, and families themselves. Our legislation will help rural areas across Colorado manage the growth around the industry in a sustainable way that creates local jobs, boosts the economy, and meets the unique needs of each community.”
New York communities, mainly rural areas, said Schumer. Since the beginning of the pandemic, interest in the outdoors has only grown. Still, “investment for this vital economic engine has remained trapped inside,” Schumer added.is the lifeblood of many Upstate
“That is why I was proud to introduce the Rural resources for communities across New York, boosting tourism, supporting small businesses, and strengthening our economies.”Investment Act with Senator Bennet, to hike up federal
Schumer said that the bill will jump-start economic recovery from the pandemic for some rural areas, create good-paying jobs, and give a breath of fresh air to main streets across New York.
Well-planned investments ininfrastructure and related businesses are essential to boost rural economies and help them meet the growing demand, as per the release. The Rural Investment Act invests in three critical areas:
- Infrastructure, including boat ramps, parking at trailheads, picnic areas, and other facilities.
- Planning to support communities that want to create an experience that meets expectations and grows Main Street.
- Business Assistance to support -related businesses such as: vehicle, gear, and equipment rentals; shuttles; guides, and outfitters; in addition to hotels, restaurants, and retail.
The RuralInvestment Act promotes collaboration between the Economic Development Administration, the Department of Agriculture (USDA) Rural Development, and Small Business Administration to educate communities and businesses about existing federal resources like grants and business loans. It would also allow funding for the Economy for Rural Communities Program at USDA and the Environmental Protection Agency to provide planning assistance grants to help rural economies through .
The RuralInvestment Act Includes:
- $30 million for public works through EDA to fund necessary infrastructure improvements from signage, to boat ramps, to new .
- $5 million for planning grants through EDA for communities to create economy plans that optimize their natural opportunities including marketing, branding, business development, fundraising, tourism management.
- $2.5 million in university partnerships to promote place-based research, education, and technical assistance to local stakeholders and businesses for this high-growth sector.
- $12.5 million for the Economy for Rural Communities grants for main street revitalization through .
Legislators also previously developed the Colorado introduced this legislation to grow Colorado’s economy and protect over 400,000 acres of public land in the state, establishing new wilderness, , and conservation areas, and safeguarding existing opportunities.and Economy (CORE) Act. Last year, Bennet, . Senator John Hickenlooper (D-Colo.), and . Representative Joe Neguse (D-Colo.)
“The Rural state parks, and maintaining our existing parks, while partnering with local governments, will continue to create jobs and help our nation’s economy,” said Colorado Governor Jared Polis.Investment Act will make Colorado even more fun and amazing. The Rural Investment Act is a winning idea for Colorado’s rural communities, will help create good jobs, and ensure our economies continue to thrive. I thank Senator Bennet for showing Congress how Colorado’s own efforts to support and economic development by lowering costs for Coloradans, creating new
Craig and Moffat County Chamber of Commerce also supports the proposed bill. Executive Director Jennifer Holloway said: “NW Colorado communities and their economies benefit greatly from the wide range ofincluding hiking, biking, hunting, and many other activities. The Rural Investment Act aims to help further diversify and strengthen our economy in Craig and Moffat County.”
Others who expressed support for the bill include Visit Moffat County Director Tom Kleinschnitz, Larimer County Commissioner Jody Shadduck-McNally,Coalition of the Grand Valley President Sarah Shrader, Senior Director of Western Wildlife for the National Wildlife Federation David Willms, San Miguel County Commissioner Hilary Cooper, and more.
“Rural communities across the country are dealing with economic and infrastructure challenges stemming from COVID-19, climate change, and transitioning economies, all while trying to seize opportunities from massive shifts in workforce and the influx of Americans seeking the outdoors. The RuralInvestment Act will provide much-needed planning, infrastructure, and business support to communities as they attract a remote workforce, grow jobs, welcome visitors, and strengthen their economies through ,” said Jessica Turner, president of Roundtable.
“ORR has long known the return from investing in in rural economies, and we applaud Senators Schumer and Bennet for introducing this forward-thinking and essential legislation that will support every corner of the country.”
“ROI Act will help rural communities further develop their capacity to provide support for and the growing customer base, while improving job opportunities across America,” said Phil Ingrassia, President, National Dealers Association.owners love to take the road less traveled. The
“In the past two years there has been a fundamental change in the way Americans Government Affairs, Industry Association., vacation, and live as more people turn to the outdoors and for not only the enjoyment it brings but also the mental and physical benefits of being outdoors. This resurgence of the great outdoors is an excellent opportunity for economic growth in rural communities, many of which have assets like , campgrounds, lakes, and rivers. The Rural Investment Act is an important piece of legislation that will provide funding to help these communities grow their local economies through investment in infrastructure and related businesses. As more and more RVers hit the road, heading to their favorite destination to take part in activities, this legislation will improve not only their experiences, but also the rural communities making investments in infrastructure,” said Jay Landers, Vice President of