Lexington, Kentucky, Aug 01, 2013 -- USDA Rural Development State Director Tom Fern has announced $75,000 in USDA loan funds to the Washington County Fire Protection, Inc., to complete the construction of a fire department building in Springfield, Ky. The United States Department of Agriculture remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today’s announcement is one part of the Department’s efforts to strengthen the rural economy.
Rural Development funds will be used to complete the construction of a new 10,400 square foot fire department building located in Springfield. The new facility will be located on a major thoroughfare with easy ingress and egress, adequate storage for fire department vehicles and equipment, space for on-site training, and an emergency operations center. These improvements will allow the fire department to provide effective and efficient fire protection and emergency services for rural residents of Washington County. The loan will have a 40-year repayment period at an interest rate of 3.500 percent. The total construction cost is $1,575,000. USDA previously approved a $1,500,000 loan in fiscal year 2012.
“The Obama Administration is committed to helping improve the firefighting capabilities of rural communities in Kentucky,” said Fern. “I am pleased that USDA is able to provide the financing needed for this project.”
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, which 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, administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. 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.
USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $828 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.