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Posts tagged: Rural Economic Development Loan and Grant Program

Under Secretary Highlights USDA Job Promotion Efforts in Albert Lea, Minnesota

USDA Support helps Mrs. Gerry’s, an Albert Lea, Minn. Business grow and create jobs. ( From left its Colleen Landkamer, USDA Rural Development Minn. State Director; Chad Vogt, Mrs. Gerry’s, Inc.; and Under Secretary Dallas Tonsager.

USDA Support helps Mrs. Gerry’s, an Albert Lea, Minn. Business grow and create jobs. ( From left its Colleen Landkamer, USDA Rural Development Minn. State Director; Chad Vogt, Mrs. Gerry’s, Inc.; and Under Secretary Dallas Tonsager.

What started as a small operation almost 40 years ago has grown into major contributor to the economy in Albert Lea, Minn.

Mrs. Gerry’s Kitchen, Inc., started on Dec. 4, 1973, in a building that occupied 1,100 square feet. Today, Mrs. Gerry’s is adding a 36,500 square-foot addition that will bring its building to over 100,000 square feet and help meet growing customer demand for its real (no flaky stuff here) mashed potatoes and other products. Read more »

USDA Support Helps Build Feed Mill, Boosts Small Businesses in Southwestern Minnesota

Kyle Oldre, Rock County Administrator speaks at the dedication as State Director Colleen Landkamer and other dignitaries look on.

Kyle Oldre, Rock County Administrator speaks at the dedication as State Director Colleen Landkamer and other dignitaries look on.

As construction crews were busy putting the finishing touches on New Vision Co-op’s new grain elevator and feed mill in Magnolia, Minn., last month, USDA Rural Development State Director Colleen Landkamer and other area leaders visited the site to highlight the economic impact of the project.

“This investment by USDA means jobs and economic development opportunities,” Landkamer said. Read more »

A USDA Deputy Under Secretary Helps a Rural Iowa Community Break Ground on a New Hospital

Late last month, Deputy Under Secretary for Rural Development Doug O’Brien visited Manning, Iowa, and participated in groundbreaking ceremonies for the new Manning Regional Healthcare Center. The new hospital, which will replace a facility that was built in 1927, is receiving a $21 million loan from USDA Rural Development.

“Rural residents must have access to the best available care, and this medical campus will provide decades of service to the residents of this region,” O’Brien said. “President Obama’s plan for rural America has brought about historic investments and resulted in stronger rural communities.”

When construction is completed, Manning Regional Healthcare Center’s new 17-bed critical access hospital will also include a physician clinic and recovery center that will provide substance abuse treatment services for up to16 patients in a partial residential setting. Read more »

Thanks to Rural Development Support, Investment Dollars Save Jobs and Boost a South Dakota Town

The City of Murdo, South Dakota, is located at the crossroads of Interstate 90 and Highway 83 in the middle of the State.  A town with a population of 500 in a county with one person per square mile; Murdo has several new businesses and recreational activities that keeps the town thriving.

An all-volunteer Murdo Development Corporation manages a local revolving loan fund started through a USDA Rural Development Rural Business and Enterprise Grant (RBEG).  From creating jobs to helping to retain them at the local golf course to funding improvements to the local grocery store, Murdo Family Foods, the loan fund has assisted in the growth of the community. Read more »

After 500 Loans, Beadle and Spink Enterprise Community (BASEC) is Still Going Strong

Beadle and Spink Enterprise Community (BASEC) just made its 500th loan and through its revolving loan program has loaned over $16 million dollars to improve the economic and housing climate of part of South Dakota since 1996. BASEC (named after the two counties it serves) has less than a 1 percent default rate and has made loans to all income levels with the majority being low to moderate income applicants.  Some of the borrowers have had excellent credit histories and some not so good.  Executive Director Lori Hintz feels the key to the low default rate besides the fact that great people live in the service area, is that when times get tough, they try to work out a plan that works for them, their cash flow and their situation. Read more »