Thursday, June 30, 2016

McAdoo Fire Company Receives Funding with USDA Rural Development Loan and Grant Combo

The McAdoo Fire Company in Schuylkill County, Pennsylvania will soon be able to purchase a new firefighting truck thanks to a United States Department of Agriculture Rural Development loan and grant combination.
“Rural Development is happy to provide funding for important municipal projects such as the McAdoo Fire Company,” said Rural Development State Director Tom Williams. “This funding will provide the company with an essential firefighting truck necessary to respond to emergency calls wherever and whenever they arise in the community.”

Rural Development was able to provide funding through a low interest Community Facility loan of $440,000, while the Community Facility grant totals an additional $50,000. An applicant contribution of $161,500 puts the total project cost at $651,500.

Rural Development loan and grant funds will be used to purchase a new KME custom pumper tanker firefighting truck. The recipient remains an eligible entity and the project is located in the eligible rural area of McAdoo Borough.

In Pennsylvania last year, the USDA Community Facility Program invested over $199 million in rural Pennsylvania through 58 community facilities loans and grants. Community Facilities programs help build, expand, rehabilitate, purchase, and support the development of police and emergency fire stations and equipment, museums, child care centers, hospitals, clinics, schools, and more.