USDA Hands Out Rural Development Loans for Projects Across Iowa

by Brian Wilson
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U-S-D-A is sending Rural Development loans and grants to four projects in Appanoose, Pocahontas, Sioux and Winneshiek County. State Rural Development Director, Theresa Greenfield, says they work with the local rural electric cooperatives, or the city municipal cooperative or the telecoms.

A couple of the projects involved health care. The Corn Belt Power Cooperative received a loan of more than one-point-two million dollars for the Pocahontas Community Hospital. The hospital plans to renovate 12 patient exam rooms, the pharmacy, reception areas and build an  addition for a new public restroom and reception room. The other is a nearly 13 million dollar loan and one million dollar grant to Aase Haugen Homes in Decorah to build a nursing home with assisted living and dementia care units. Greenfield says these projects will help fill some voids in health care in rural Iowa.

The other projects are a two-million dollar pass-through loan to the Northeast Missouri Electric Power Cooperative to fund a material flow system for animal and human products at a facility in Centerville, Iowa. The  Hawarden Municipal Utilities received a 124-thousand dollar grant to expand a revolving loan fund. This project will provide financing through the city of Hawarden to five businesses with the hopes of increasing local employment opportunities.

Greenfield says Iowa has nearly 40 cooperatives across the state that they partner with.

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