U.S. Rural Infrastructure Opportunity Fund Announced With Initial $10 Billion in Available Capital
The White House Rural Council announced today at the Rural Opportunity Investment Conference the creation of the U.S. Rural Infrastructure Opportunity Fund (Fund), an investment fund intended to promote rural economic development. CoBank, ACB, a cooperative bank serving agribusiness, rural infrastructure providers and Farm Credit associations throughout the United States, has committed to invest $10 billion. Additional investors will be recruited by the Fund’s manager, Capitol Peak Asset Management. U.S. Department of Agriculture (USDA) and other federal agencies will help to identify rural projects that could be potential beneficiaries of financing through the Fund. The Fund will target investments in hospitals, schools, rural water and wastewater systems, energy projects, broadband expansion, local and regional food systems, and other rural infrastructure. For more information, click here for CoBank’s news release, here for the USDA’s News release, and here for additional information from the Press Office of the White House.
