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Posts tagged: loan

Still Made in Rural America: Steel in California Gold Country

Del Oro High School in Loomis, CA, boasting a new Performing Arts Building and Gymnasium—as well as 400 tons of Metal Works steel. (Photo courtesy Metal Works)

Del Oro High School in Loomis, CA, boasting a new Performing Arts Building and Gymnasium—as well as 400 tons of Metal Works steel. (Photo courtesy Metal Works)

Small town Oroville, California sits on the banks of the Feather River at the foothills of the Sierra Nevada mountains. It was established to supply the thousands of prospectors headed to Bidwell Bar, one of the first gold rush mines in the state. Today, this community of 16,260 people produces much more than just gold dust.

At the edge of town, what started in 1989 as a backyard blacksmith shop by owners Michael Phulps and Sean Pierce has become a 82-employee steel manufacturing company called Metal Works, thanks to a little help from USDA Rural Development. Fourteen years ago, Metal Works received their first Business & Industry loan guarantee to purchase a 20,000 square foot fabrication shop and office building on a little over 18 acres. Since then, they’ve converted their original 9,400 square foot building to a retail steel shop, and added another 20,000 square foot fabrication shop, burn table, and a modern, high-precision drill and beam line. Now, they’ve leveraged a new Rural Development guaranteed loan to refinance, save tens of thousands of dollars annually, and hire 10 new employees as a direct result of those savings. Read more »

Deputy Secretary Announces USDA Support for Graduate Housing on Maryland’s Eastern Shore

USDA Deputy Agriculture Secretary Krysta Harden (seated right) announces USDA funding for the first graduate school dorms at the University of Maryland Eastern Shore. Seated next to her is  University of Maryland Eastern Shore (UMES) President Dr. Juliette B. Bell.  (Standing) left to right, Moses Kairo, dean of UMES’ School of Agriculture and Natural Sciences, UMES executive vice president Kim Dumpson; Danette Howard, the Maryland Secretary of Higher Education; Dale Wesson, UMES’ research and economic development vice president; Jerry Redden, interim director - Maryland Hawk Corp. and Ronald Nykiel, UMES’ chief academic policymaker. Photo courtesy of the University of Maryland Eastern Shore. Used with permission.

USDA Deputy Agriculture Secretary Krysta Harden (seated right) announces USDA funding for the first graduate school dorms at the University of Maryland Eastern Shore. Seated next to her is University of Maryland Eastern Shore (UMES) President Dr. Juliette B. Bell. (Standing) left to right, Moses Kairo, dean of UMES’ School of Agriculture and Natural Sciences, UMES executive vice president Kim Dumpson; Danette Howard, the Maryland Secretary of Higher Education; Dale Wesson, UMES’ research and economic development vice president; Jerry Redden, interim director - Maryland Hawk Corp. and Ronald Nykiel, UMES’ chief academic policymaker. Photo courtesy of the University of Maryland Eastern Shore. Used with permission.

When you think back to your college days, what stands out?  For many, college is the first opportunity for a student to move away from a childhood home and take another step toward full adulthood.  Finding housing away from home can be expensive, especially for students enrolled in graduate programs.

Recently, USDA Deputy Secretary Krysta Harden visited The University of Maryland Eastern Shore, a vibrant campus with over 700 graduate students.  Until now, those students did not have an option to stay in a graduate dorm.  They are being housed in Salisbury, Maryland and commuting.  This is time-consuming and expensive. Read more »

Challenge Builds Positive Relationship between Louisiana Black Farming Community and FSA

When Mike Sullivan met a 30-year-old beginning farmer, he never thought it would launch a relationship that would influence an entire African-American farming community in the Cane River region of Louisiana.

“Sometimes good things can come out of a not-so-good situation,” said Sullivan, farm loan manager in the Natchitoches Farm Service Agency (FSA).

That’s what happened the day Thomas Roque, Jr., walked into the Natchitoches FSA County Office. Roque was hoping to get a loan to purchase calves to raise and sell for profit on his family’s 800-acre farm, purchased by his great-great grandparents in 1916. But things didn’t work out as easily as he hoped. Read more »

Minnesota City Uses USDA Recovery Act Funds to Upgrade Water and Wastewater Systems

Travelers on Interstate 94 in central Minnesota are greeted by a smiling face whenever they pass through the city of Freeport. For years, the city has been known for the smiley face painted on its water tower. Unfortunately, due to the tower’s age, it no longer meets the needs of the community of 450 people.

Using loan and grant funds from USDA Rural Development, Freeport will build a new water tower, replace water mains, make water main looping improvements and replace old sewer lines. The loan portion of the Rural Development funds come from the American Recovery and Reinvestment Act, signed into law by President Obama in February of 2009. Read more »

Historic Kansas Hotel Converted to Residential Use with USDA Rural Development Support

About 85 years ago, the leaders and generous residents of Pittsburg, Kansas rallied to build the Besse Hotel in the city’s quickly developing downtown district.  The structure was a 13-story grand dame that catered to business travelers and visitors for decades with a grand ballroom, upscale restaurant as well as beautiful guest rooms.

However, after more than 50 years, the structure fell into disrepair and became a blight on Pittsburg’s downtown. Read more »

New Online Resource Links Retired Landowners to Beginning Farmers, Ranchers

A new online resource helps retiring farmers with land in the CRP program meet beginning farmers and ranchers who would like to bring part of the land into  production using sustainable grazing or crop production methods.

A new online resource helps retiring farmers with land in the CRP program meet beginning farmers and ranchers who would like to bring part of the land into production using sustainable grazing or crop production methods.

A new online resource is available to farmers with expiring Conservation Reserve Program (CRP) contracts and beginning farmers interested in obtaining land.

TIP Net is a website sponsored by the USDA Farm Service Agency designed to assist those who are interested in the Transition Incentives Program (TIP). The site serves as a matchmaker to link farmers with expiring CRP contracts to beginning farmers and ranchers who are interested in bringing the land into production. Read more »