The U.S. Department of Agriculture is detailing four projects in rural Indiana communities that will receive funding through a nationwide initiative. Indiana’s share of the $17.4 million Community Facilities Direct Loan Program totals more than $6 million and includes projects in Randolph, Clay, Martin and Jefferson counties.
Assistant to the Secretary for Rural Development Anne Hazlett says "rural America represents a wealth of opportunity – from farms to tourism, forestry, mining and manufacturing. At USDA, our mission is to be a catalyst to bring those opportunities to life – whether building infrastructure, helping communities to attract jobs, accessing additional capital, or improving the quality of life in these towns."
In all, 41 projects in 22 states have been awarded loans or grants. The Indiana recipients are:
- Hanover College will use a nearly $4.3 million loan on residence hall renovation efforts through a newly-established limited liability corporation designed to help the southeast Indiana school free up more cash than it would have otherwise.
- A $1.1 million loan for the Loogootee Public Library will help it construct a new library that is 10-times larger than its current 600 square-foot location.
- The Lewis Township Volunteer Fire Co. Inc. in Clay County has been awarded a nearly $690,000 loan toward a new fire department building.
- A grant of $181,500 and a loan of the same amount to the city of Union City for a new fire truck.
The USDA says over 100 types of projects are eligible for the funding. You can connect to additional details by clicking here.