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Posts tagged: Rural Economic Development Loan Program

USDA Helps a Farm Equipment Dealership Expand, Create Jobs in North Dakota

After 40 years, the John Deere dealership in Ashley, North Dakota has moved, but not far. About a mile down the road, over 250 people recently gathered to celebrate the grand opening of Green Iron Equipment’s new $2 million facility. USDA Rural Development helped finance the project by partnering with a local cooperative, KEM Electric. Through the Rural Economic Development Loan Program, Green Iron Equipment received a $740,000 loan.

The original dealership consisted of four separate buildings in downtown Ashley. Two of those structures housed small service shops that could not accommodate large farm machinery. Read more »