"Where Fillmore County News Comes First"
Wednesday, March 4th, 2015
Volume ∞ Issue ∞
- 6:39:18, Mar 4th 2015 - disappointed - DOC.....WHY DO U THINK I WORK AT MAYO? BELIEVE ME WHEN MY CHILD GRADUAT ... [Read More]
- 11:11:29, Mar 3rd 2015 - doc - Apparently Harmony Telephone doesn't have billions in cash to spend on internet ... [Read More]
- 7:56:16, Mar 3rd 2015 - Bear - Why does the Journal even print this garbage? I would like to know the drugs t ... [Read More]
- 4:37:50, Mar 3rd 2015 - next - Now let's talk about the idiots who push there snow into the street. Even a 5th ... [Read More]
- 7:24:02, Mar 2nd 2015 - disappointed - I could work from home. But internet is not secure enough ... [Read More]
- 3:43:36, Mar 2nd 2015 - agreed - The cable and internet here is absolutely ridiculous. Harmony residents pay ... [Read More]
- 2:30:46, Mar 2nd 2015 - Be honest - Wood- That is true, but most people won't even spend that. Hopefully, th ... [Read More]
- 10:14:18, Mar 2nd 2015 - Wood - Be Honest, you can ask the Minnesota Information Policy Analysis Division (IPA ... [Read More]
- 6:41:46, Mar 2nd 2015 - gotoutofthere - If the residents would treat the new people with respect maybe they wo ... [Read More]
- 12:48:54, Mar 1st 2015 - Pursuing truth? - By pursuing truth, are you referring to the IRS scandal or the Hold ... [Read More]
Fri, Oct 31st, 2003
Posted in Features
Posted in Features
On Wednesday, Senator Norm Coleman announced plans to sponsor legislation that would invest $50 billion in rural America designed to improve an aging and somewhat outdated infrastructure.
Called the Rural Renaissance Act, each state would get a minimum of $50 million to invest in rural public works projects. The projects would be for communities with populations of under 50,000. Speaking in a telephone interview from Washington with media, including the Journal, Colemen said the investment is needed to improve wastewater treatment facilities, provide affordable housing, develop high speed internet and build community facilities. Coleman envisions a broad definition of public works. “Throughout rural America, the lack of funding is undermining the ability of small communities to address their needs, attract new jobs and development,” Coleman said. “The needs are there. Rural communities can’t do it themselves.” Coleman said that the legislation is an outgrowth of visits he and his staff have made to all 87 counties of Minnesota. If passed by Congress in the 2004 session, the act would create a quasi-governmental non-profit organization - the Rural Renaissance Corporation - that would issue $65 billion in bonds. The RRC would distribute $50 billion to states to implement eligible projects in the form of grants to communities over a one to three year period. $15 billion would be kept in a fund to repay the bond principal over a 10 year period. Corporations needing tax credits would invest in the fund by purchasing bonds. Coleman called the financing of the project a creative way to generate the necessary capital without further adding to the nation’s debt. “The Rural Renaissance Act will empower residents and businesses to upgrade their community’s aging infrastructure, attract new investment and jobs, while still maintaining their small town values and way of life,” Senator Coleman said.