News Column

Hoeven Announces $2 Million USDA Loan for Childcare Facility in Watford City

June 10, 2014



WASHINGTON, June 10 -- The office of Sen. John Hoeven, R-N.D., issued the following news release:

Senator John Hoeven today announced that the United States Department of Agriculture (USDA) has awarded a $2 million loan to Reservation Electric Cooperative to help Wolf Run Village, Inc. construct a new daycare facility in Watford City. The facility will serve more than 200 children, from ages 6 weeks to 12 years old.

"Developing infrastructure in western North Dakota remains a top priority as our communities continue growing at rapid rates," said Hoeven. "This USDA loan will help to build a much needed childcare facility to serve North Dakota families and will help us to maintain the high quality of life we expect in our state. This loan is an important example of how we are working to meet infrastructure needs and foster the services our residents' need to support and raise their families."

The funding will be provided through the USDA's Rural Economic Development Loan and Grant (REDLG) program, which provides zero-interest loans and grants to businesses to develop projects that foster employment and economic growth in rural areas.

Last month, USDA also awarded a loan totaling $300,000 to Roughrider Electric Cooperative to help KinderKidz Learning Center, LLC expand its child daycare facility, creating ten jobs in Dickinson.

Hoeven is a member of the U.S. Senate Agriculture Committee as well as the Senate Appropriations Subcommittee on Agriculture and Rural Development.

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Source: Targeted News Service