News

Coops Secure USDA REDL&G Funds

posted on Monday, November 11, 2019 in News

Iowa communities benefit from local REC funding secured through the USDA Rural Economic Development Loan and Grant (REDL&G) program. Recently, $1.79 million has been awarded to fund portions of three projects in Britt, Charles City, and Dysart. 

Corn Belt Power Cooperative and Prairie Energy Cooperative both secured REDL&G funds to Corn Belt Coop and Prairie Energy Coop Support Hancock County Health Systemsupport a $7.4 million renovation project to the Hancock County Health System (HCHS) at their campus in Britt. The project will allow HCHS to relocate and expand Surgical Services to house two major operating rooms, two procedure rooms, and four same-day surgery rooms. The Emergency Department will also expand to two trauma rooms, four private exam rooms, a centralized nursing station, and decontamination room. Other improvements include the construction of a new front door/canopy, remodeling of the main atrium lobby area, and relocation of the Senior Life Solution (outpatient program) to the first floor, allowing for easier access.

Construction is underway with a projected completion date of late 2020. It is expected that these improvements will result in the creation of 14 new jobs over the next three years.
Utility: Corn Belt Power Cooperative
REDL: $640,000
Utility: Prairie Energy Cooperative
REDG: $300,000 Award to enhance RLF
Match: $60,000 from Prairie Energy Cooperative

Hometown Dental, Inc. received support from Butler County REC for the acquisition of an Butler County REC Supports Hometown Dentalexisting dental practice in Charles City. Dr. Reed Faldet purchased the dental practice from Dr. Stephen
Earney, who provided dental care to the community for over 35 years. The practice was renamed and began operation as Hometown Dental on July 1, 2019. Through the addition of another treatment room, additional staff and utilizing the newest technology, Dr. Faldet expects to increase his capacity to serve an estimated 480 additional patient visits per year.

Dr. Faldet is a 2019 graduate of the University of Iowa Dental School. Doctors Faldet and Earney met in the summer of 2018, preceding Reed Faldet’s final year of dental school. They mapped out the succession plan to transition the practice to Hometown Dental when Dr. Faldet received his DDS in June 2019. Congratulations to both doctors for the continued care provided to the citizens of Charles City, Floyd County, and the surrounding area.
Utility: Butler County Rural Electric Cooperative
REDG: $258,333 Award to enhance RFL
Match: $51,667 from Butler County Rural Electric Cooperative

East Central Iowa REC provided a loan to support the construction of a new dental clinic in East-Central Iowa REC Supports Pipho & Gingrich Family Dentistry Dysart. Pipho & Gingrich Family Dentistry is constructing a new facility adjacent to their current dental clinic. This 2,100 sq. ft. dental clinic will include five treatment rooms, a large patient waiting room, front office space, three restrooms, imaging room, doctor’s office, and employee lounge. The new location has an on-site parking lot providing much easier access for patients.

Dr. Robert Pipho purchased McLaughlin Family Dentistry in Dysart in 2015. He formed a partnership with Dr. Sarah Gingrich in 2017. Construction on the new facility is underway. Both dentists are excited at the prospect of expanding and upgrading the services they provide to the surrounding community.
Utility: East-Central Iowa REC
REDG: $480,000