Strengthening Food Supply Chain: Loan Guarantees for Processing and Storage.
This law aims to boost US food security and stability by supporting infrastructure investments. It establishes a guaranteed loan program, offering up to $80 million for businesses expanding food processing, storage, and distribution capacity. The program prioritizes projects that create jobs in economically struggling areas, ultimately aiming for a more reliable food supply for consumers.
Key points
The government guarantees loans up to $80 million to finance new or expanded food supply chain projects (processing, storage, transport).
The goal is to make the national food supply more resilient against disruptions, helping to prevent shortages and price volatility for consumers.
Preference is given to projects that generate employment in communities facing economic hardship.
Status:
Expired
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