Northern Plains Electric receives over $1.4 million from USDA
Northern Plains Electric Cooperative will use a $559,722 loan to assist the Jamestown Rural Fire Department in the acquisition of a new pumper truck.
The U.S. Department of Agriculture Rural Development is investing more than $4 million to help create new and better market opportunities and expand essential services for rural people, businesses and entrepreneurs in North Dakota, including more than $1.4 million to Northern Plains Electric Cooperative, Erin Oban, state director, announced Tuesday, Dec. 6.
“USDA Rural Development is committed to the mission of improving the economy and quality of life in rural communities,” Oban said. “One of the most direct and effective ways we can deliver on that mission is by investing in North Dakota’s small businesses and those that serve them. Ensuring that financing is accessible and available in rural areas allows these small businesses to expand, supports good jobs for our friends and family, and keeps local dollars circulating on our main streets and in our hometowns.”
The funding will help keep resources and wealth made by rural people right at home through affordable financing and technical assistance, Oban said. She said it will help rural Americans start businesses, allow small-business owners to grow and open the door to new economic opportunities for communities and people who historically have lacked access to critical resources and financing.
Northern Plains Electric Cooperative will use a $559,722 loan to assist the Jamestown Rural Fire Department in the acquisition of a new pumper truck. The new equipment will not only enable the department to become more efficient but is expected to create one part-time position to the current staff of 33.
Northern Plains Electric Cooperative will use an $877,464 loan to assist Mainsaver-North Central Inc. in the acquisition of equipment for expansion of its services at its headquarters in Jamestown. Mainsaver-North Central is a full-service trenchless sewer pipe-lining service. The new equipment will not only enable the company to expand its service area but is expected to add five full-time positions to its existing staff of 14.