OKLAHOMA — The U.S. Department of Agriculture (USDA) announced two Cooperative Agreements to deliver financial security to Oklahoma historical all black towns.
USDA Rural Development Oklahoma State Director Kenneth Corn said the department has made Cooperative Agreements with the Greenwood Community Development Corporation and the Oklahoma Black Historical Research Project.
The agreements will generate commerce and provide assistance with Rural Development’s 504 home repair program.
USDA said The Greenwood Community Development Corporation will receive $250,000 and drive economic development by providing financial literacy and entrepreneurial training to residents.
The Oklahoma Black Historical Research Project will receive $150,000 to focus on empowering socially disadvantaged residents through awareness and access to Rural Development Programs.
“President Biden and Vice President Harris believe that all American regardless of their zip code deserve a fair shake, and for far too long our Historic All Black Towns in Oklahoma have not been given a fair opportunity to prosper,” said Corn in a press release. “These grants aim to tackle the two pain points in building long-term financial success by investing in our entrepreneurial spirit and home ownership.”
USDA said the partnerships will target 30 businesses across historic all black towns through financial planning, business development and marketing.
Technical assistance and training will also be provided in Oklahoma’s fourteen historic black towns. This assistance aims to strengthen the communities by building strategic plans, supporting land retention and estate planning and guiding community development efforts.
“Through these cooperative agreements, we’re not just investing in economic potential, we’re reinforcing a sense of belonging and hope for the future,” said Corn.
