Business and Economic Development
Affordable Housing – In our Single Family Housing Program, this fiscal year we have assisted 455 new rural homeowners through our home loan programs. In Colorado, we have 130 (49 elderly, 67 family, and 14 farm labor) affordable multi-family housing complexes for very low to moderate income households in rural areas. Click here to find a complex in your area.
Business and Economic Development – Supporting business development and job training opportunities for rural residents is a key focus for Rural Development. Programs provide capital, technical support, educational opportunities, and promote entrepreneurial skills to help rural residents start and grow businesses and find quality employment.
The owners of Serious Texas Bar-B-Q, received a Renewable Energy for America Program (REAP) Grant to install solar panels on their two restaurants in Durango, CO. The installation of the panels allowed the restaurants a cost savings of approximately $1000 a month on their utility bills. Additionally, in Fort Lupton, a local business received a Business & Industry Loan to refinance three existing loans into one.
Community Infrastructure – Rural communities are well-served through Rural Development’s variety of programs to build or improve essential community facilities. Loans, grants, and loan guarantees are available for fire and police stations, hospitals, libraries, schools, emergency equipment and more. In addition, we have funding available for rural infrastructure improvements and construction, such as water, wastewater treatment, electric power and telecommunications, including broadband expansion.
The Board of Trustees of Memorial Hospital dba Memorial Regional Health – Was awarded a $28.9 million in guaranteed and direct loan funds to be used to construct a medical office building adjacent to the present hospital in Craig, CO. Among many other services, behavioral health/mental health will be provided and a Suboxone clinic for the treatment of opioid addiction.
• Town of Antonito’s Wastewater system – Funding for a new wastewater mechanical system to ensure the town can remain in compliance with its discharge permit. The project will also replace existing clay service lines with SDR pipe material.
• Town of Fleming – A new wastewater treatment facility will bring the town’s system into compliance with state regulations.
• Northwest Colorado Visiting Nurses Association – Funding will help with the purchase of an outpatient healthcare services facility in Craig, CO. The medical outpatient facility will provide both preventative and comprehensive care, including behavioral and opioid addiction treatment services, with a sliding fee scale for individuals who have limited or no insurance.
• Maslow Academy of Applied Learning, Inc. – Purchased the site in Montrose, CO, where it has been operating for several years. The purchase will allow the independent childhood and elementary community school to reduce its annual expenses by $100,000.
• Cache la Poudre Fire and Emergency Group, Inc. – Purchased two existing fire stations in Laporte, CO, one of which will be demolished and rebuilt for operation.
From the March 2018 Colorado Rural Roundup