Agriculture Secretary Tom Vilsack today announced his second bio-fuels loan guarantee in a week, revealing that the Agriculture Department (USDA) is slated to loan an Oregon biorefinery $232.5 million for a project expected to create 65 jobs and support 38 others.

“This project and others like it will help to establish a domestic advanced biofuels industry that will create jobs here at home and open new markets in the Pacific Northwest and across America,” Vilsack said in a statement.
Last week, USDA appoved a conditional $25 million loan guarantee for an Iowa project expected to create 38 jobs. Combined, the two projects create 103 new jobs at a cost of $257.5 million — or, $2.5 million per job.