USDA Funding to Boost Mt. Comfort Corridor

Posted: Updated:
NineStar is the first telecommunications co-op to receive REDLG funding in more than a decade. NineStar is the first telecommunications co-op to receive REDLG funding in more than a decade.
GREENFIELD -

The U.S. Department of Agriculture has awarded $2.3 million in loan and grant funds to Greenfield-based NineStar Connect. The utility says it will use the funding, which comes from the Rural Economic Loan & Grant Program, to help Hancock Regional Hospital build an ambulatory care center at the I-70 interchange at Mount Comfort Road in Hancock County. The project is a key component of a larger effort to grow economic development along the Mount Comfort Corridor.

In an interview with Inside INdiana Business, NineStar President and Chief Executive Officer Mike Burrow said the focus of the funding is to build rural economic development opportunities. 

"In this case, by Hancock Health building this facility, it's going to bring in 27 highly-skilled, well-paying jobs to the area in terms of creation of new jobs," said Burrow. "Also, what it really does is, particularly for residents in western Hancock County, it gives them an opportunity or a place to be able to have medical testing and those sort of services be available, which ultimately enhances the quality of place for Hancock County."

The funding from NineStar will be used to purchase medical equipment and supplies for the facility, such as computer hardware and software. When complete, the facility will be connected to NineStar's high-speed fiber network. Some of the new jobs that will be created with the center include medical technicians, phlebotomists, diagnostic imaging technicians, nurse practitioners, and certified medical assistants, among others. 

The Hancock Health project is one of four "nodes" identified in a study by the Urban Land Institute that could create opportunities for economic development along the 13-mile stretch of I-70. The new facility, which Burrow says is expected to be complete in September, is part of a broader economic development strategy from Hancock Regional Hospital.

"Phase I is the Hancock Health facility, and Phase II will be a campus with mixed use development, including commercial, retail and affordable residential housing," Steve Long, president and CEO of Hancock Health, said in a news release. "REDLG funding used in Phase I of the medical facility will help ensure we can begin Phase II."

The $2.3 million in funding is the most awarded through the REDLG program and NineStar is the first rural telecommunications cooperative to receive the funds in more than a decade. Hancock Health will eventually repay NineStar, which will return the $2 million in loans to the USDA at the end of the 10-year term.

Burrow says the focus of the funding is to build rural economic development opportunities.
  • Perspectives

    • Circling Back on WeWork

      Back in July when we first discussed WeWork, this fast-growing but money-losing venture was one of the most talked-about IPOs in years. At that time, we noted that it was too early to say what would happen, but “it should be very interesting to watch it all play out.” Turns out, that was a massive understatement!

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Artist rendering of proposed headquarters for Ruoff Home Mortgage in Fort Wayne.

      Ruoff to Build New HQ in Downtown Fort Wayne

      Fort Wayne-based Ruoff Home Mortgage has announced plans to build a $43 million corporate headquarters in downtown Fort Wayne. Plans call for a 110-thousand square foot, nine-story structure, at the corner of Ewing Street and Jefferson Boulevard. The building would include leasable office and retail space, as well as a parking garage. It would overlook Parkview Field, home of the Fort Wayne Tin Caps minor league baseball team. The company is currently located on...

    • (IIB Photo/Alex Brown)

      India Wants to Partner with Indiana on Sports

      Indiana Secretary of Commerce Jim Schellinger says a recent trade trip to India included a rare meeting that produced some interesting results.  Schellinger and Governor Eric Holcomb were granted an audience with Indian Prime Minister Narendra Modi.  “We were taken aback at how well he knew Indiana,” said Schellinger. “He knew our (economic) background, our educational background, our history of sports statewide,” said Schellinger, who added...

    • Photo courtesy of MutualBank

      MutualBank President Dies

      The President and Chief Operating Officer of Muncie-based MutalBank Pat Botts has died. In a statement on Facebook posted Sunday, the company said the passing was unexpected.

    • (stock image courtesy of Pixabay/Gerd Altmann)

      Hoosier Banks Rated for Work Environment

      Three Indiana banks have been judged as Best Banks to Work for in the U.S. by American Banker. The publication compiled a list of the top 85 banks in the country having a good work environment and strong, engaging leadership. 

    • The company also owns a building leased by Ulta in IN. Photo courtesy of Monmouth Real Estate Investment Corp.

      Greenwood Amazon Building Gets New Owner

      New Jersey-based Monmouth Real Estate Investment Corp. (NYSE: MNR) is acquiring a property in Greenwood.  The company says it is purchasing the nearly 616,000-square-foot industrial building for $81.5 million and will lease the space in a 15-year agreement to Amazon.com Services Inc.