White House announces $10B fund to invest in rural projects

The White House announced Thursday a $10 billion plan to jumpstart economic development in rural areas in the U.S.

Dubbed the U.S. Rural Infrastructure Opportunities Fund, the privately backed investment fund is designed to support new hospitals, schools, rural water and wastewater systems, energy projects and broadband expansion in rural areas, according to Fox Business.

CoBank, a Denver-based cooperative bank that serves agricultural businesses in all 50 states, provided the initial $10 billion investment in the fund

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