JAMESTOWN, ND, Jul 20, 2011 -- The Jamestown Regional Medical Center will be celebrating the hospital’s grand opening today with a ribbon-cutting ceremony. Through USDA Rural Development, the medical center received $46 million in financing to construct the state-of-the-art facility.
“It is vital to make necessary investments into health care to ensure a high quality of life for local residents,” Jasper Schneider, USDA Rural Development State Director. “With the vision of local leadership and community support, residents will have access to a modern facility equipped to meet the demands of new technology and a wide range of services.”
Primary financing for the $52 million medical facility was provided through the USDA Rural Development Community Facilities program and the American Recovery and Reinvestment Act. USDA Rural Development financed $46 million of the project through a $31 million direct loan with a four percent interest rate for 40 years and a $15 million guaranteed loan through AgStar Financial Services. The remaining funds were raised by the Jamestown Hospital Foundation. The modernized medical facility is the largest hospital project ever financed by USDA in North Dakota and one of the largest projects nationwide.
With 117,000-square feet, the 25-bed, critical access facility will serve as a healthcare hub for over 55,000 people in a nine county area. A comprehensive range of health care services will be provided including general medical and surgical care and 24-hour emergency care. The hospital was constructed on a 43-acre lot on the southwest side of Jamestown. By creating one common medical campus with easy access off of Interstate 94, patients and staff will enjoy greater conveniences. The Jamestown Regional Medical Center will open its doors officially on Sunday, July 31 at 7:00 a.m.