FEM Electric LoansFaulkton Area Development Corporation, Inc.
Category: FEM Electric, Infrastructure, Cooperatives
Faulkton Area Economic Development Corporation (FAEDC) is establishing a new industrial park in this community of 740. Loan proceeds were combined with funding from the Governor’s Office of Economic Development, to purchase land and add infrastructure (water, sewer, roads and approaches) to the property and create 11 sites for sale/lease to business and industry. One company has committed to relocate to the new industrial park and create 4 jobs initially. This is the third loan to FAEDC, with earlier loans for a new community center/gymnasium and a mini-mall on Main Street.