USDA Announces $210 Million to be Invested in Renewable Energy Infrastructure through the Biofuel Infrastructure Partnership
KISSIMMEE, Fla – Agriculture Secretary Tom Vilsack today announced that the U.S. Department of Agriculture (USDA) is partnering with 21 states through the Biofuel Infrastructure Partnership (BIP) to nearly double the number of fueling pumps nationwide that supply renewable fuels to American motorists.
In May 2015, USDA announced the availability of $100 million in grants through the BIP, and that to apply states and private partners match the federal funding by a 1:1 ratio. USDA received applications requesting over $130 million, outpacing the $100 million that is available. With the matching commitments by state and private entities, the BIP is investing a total of $210 million to strengthen the rural economy.
"This major investment in renewable energy infrastructure will give Americans more options that not only will suit their pocketbooks, but also will reduce our country's environmental impact and bolster our rural economy," said Vilsack. "The Biofuel Infrastructure Partnership is one more example of how federal funds can be leveraged by state and private partners to deliver better and farther reaching outcomes for taxpayers. The volume and diverse geographic locations of partners willing to support this infrastructure demonstrate the demand across the country for lower cost, cleaner, American-made fuels. Consumers will begin to see more of these pumps in a matter of months."