Princeton, MO, May 24, 2011 -- Anita J. (Janie) Dunning, Missouri State Director for USDA Rural Development, announced funding of $328,000 to the Mercer County Library Association to help construct a new 3,060 square foot Library building and renovation to the existing library. A certificate of congratulations representing the funding was presented to the Library Association during a funding celebration held on Tuesday, May 24, at the library located in Princeton.
The Library Association utilized American Recovery and Reinvestment Act funding to provide the $90,000 Community Facility loan and $238,000 Community Facility grant. These loans and grants provide funding for essential public improvements to public bodies and non-profit corporations with substantial ties to the local community. The remainder of the cost of the new library and renovation ($356,350) was provided by the Mercer County Library Association.
Rural Development worked with Judy Cox, Library Director, in the application phase of funding for the project. Ms. Cox expressed appreciation to Rural Development for funding of the new library construction and renovation to the existing library. The Library Association was not in a financial position to construct the new library and renovation without the assistance of USDA Rural Development
"I'm pleased that with the help of a competitive loan and grant, Mercer County will be able to expand and renovate their library," U.S. Senator Claire McCaskill said. "These upgrades will allow the community to enjoy the library for many years to come."
“Funding of this new Library is another example of Rural Development being committed to the future of rural communities,” said Dunning. “Appreciation is extended to our federal elected officials supporting Rural Development. They have been strong proponents for the necessary funding for essential services for rural Missourians.”
USDA Rural Development’s mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. As a venture capital entity, Rural Development provides equity and technical assistance to finance and foster growth in homeownership, business development, and critical community and technology infrastructure. Further information on rural programs is available by visiting USDA’s web site at http://www.rurdev.usda.gov/mo/ or by contacting Danny L. Jackson, at the Chillicothe Rural Development office, 1100 Morton Parkway, Chillicothe, Missouri 64601 or by calling 660-646-6222.
“Committed to the Future of Rural Communities.”
“USDA is an Equal Opportunity Lender, Provider, and Employer.”
To file a complaint of discrimination write USDA, Director, Office of Civil Rights, 1400 Independence Ave., S.W.,
Washington, D. C. 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD).