USDA Logo Rural Development Logo USDA Rural Development Main Masthead
SpacerHomeDividerAbout RDDividerNewsroomDividerAgencies & OfficesDividerPrograms & OpportunitiesDividerHelpDividerContact UsDividerEn Español
Search RD
Spacer
Go
Spacer
Browse by Audience
Spacer
Spacer
Browse by Subject
Spacer
Business
Community Development
Cooperatives
Energy
Housing
Utilities
Loans
Grants
Technical Assistance
Forms and Publications
Regulations and Guidance
Online Services
Left Navigation Menu Bottom
Newsroom
News Release
Release No. STELPRD4022121
ContactGail Bennett(304) 366-2921, ext. 214
Printable Version  Printable Version
USDA RURAL DEVELOPMENT APPROVES LOAN TO CONSTRUCT HOSPITAL IN KINGWOOD

MORGANTOWN, WV, Oct 17, 2013 --  State Director Bobby Lewis announced that USDA Rural Development approved a Community Facilities Direct Loan of $26,000,000 for Preston Memorial Hospital Corporation, Preston County, WV.

The United States Department of Agriculture (USDA) 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 provide permanent financing for the construction of a critical access hospital in Kingwood, WV. The new facility will replace the existing 60 year old one and will be located on property donated by the Preston County Commission.

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.

Last Modified:07/07/2014 
 
Footer Corner
RD Home | USDA.gov | Site Map | Policies and Links
FOIA | Accessibility Statement | Privacy Policy | Non-Discrimination Statement | Information Quality | FirstGov | White House