loan guarantee

Construction has begun on Laraway’s new home.  Looking at this hundred-year-old dairy barn jacked up in the air on the occasion of last month’s ground-breaking, it occurred to me that this labor of renovation and rejuvenation foreshadows what happens to the at-risk kids who come to Laraway Youth and Family Services in Johnson, Vermont.

The Miner County Development Corporation (MCDC) in Howard, South Dakota, broke ground recently on a new learning center complex with the assistance from the American Recovery Reinvestment Act (Recovery Act).  Funding was provided through a USDA Rural Development Business & Industry Loan in the amount of $3.2 million guaranteed through Miner County Bank in Howard.

Judith Canales, Administrator of USDA Rural Development Business Programs, Curt Wiley, Chief of Staff, and Pandor Hadjy, Deputy Administrator, visited Atlanta recently to meet with State Directors, Business Program Directors, and Business loan specialists from 15 states and two territories in an effort to identify ways to streamline business and industry loan processing. This was one of four regional meetings around the nation.