Biden-Harris Administration Announces Funding for Homegrown Biofuels as Part of Investing in America

June 25, 2023
USDA

Funds Are Being Provided by President Biden’s Inflation Reduction Act; USDA Awards First Round of Funding to 59 Infrastructure Projects

WASHINGTON, June 26, 2023 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced that USDA plans to invest up to $500 million from President Biden’s Inflation Reduction Act to increase the availability of domestic biofuels and give Americans additional cleaner fuel options at the pump.

“President Biden’s Inflation Reduction Act is a historic investment that will expand clean energy, lower costs for Americans, and build an economy that benefits working families and small businesses,” Vilsack said. “By expanding the availability of homegrown biofuels, we are strengthening our energy independence, creating new market opportunities and revenue streams for American producers, and bringing good-paying jobs and other economic benefits to rural and farm communities.”

To learn more, read the full news release.