Lexington, KY, Jan 31, 2013 -- USDA Rural Development State Director Tom Fern has announced $950,000 ($712,000 loan/ $238,000 grant) in federal funding to upgrade the Grayson County Water District’s administrative facilities.
USDA Rural Development funds will be used to construct a new 4,300 sq. ft. office building to replace the current building constructed in the 1950’s. The existing building has become inefficient and inadequate to meet the water district’s needs. The new building will be in closer proximity to the workshop, adjacent to other existing facilities, and more suitable for customer and staff needs. The Grayson County Water District serves a rural population of approximately 6,329 in Grayson County. The repayment terms for the loan portion of the funding are forty years at an interest rate of 2.50 percent.
“I commend the Grayson County Water District for their leadership to improve customer access and operational efficiencies,” said Fern. “Rural Development is proud to work in partnership with Grayson County officials to make this much needed project a reality.”
For information on other projects funded by USDA Rural Development, please visit Rural Development’s interactive web map featuring program funding and success stories for fiscal years 2009-2012. The data can be found at: http://www.rurdev.usda.gov/RDSuccessStories.html.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities.
USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, has an active portfolio of more than $181 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
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