Agri-business
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Agri-business
FEM Electric Loans
Bowdle Hospital/Community Center
Category: FEM Electric, Healthcare, Cooperatives
The city of Bowdle, population 502, received a loan to construct an addition that connects the city-owned hospital and the nursing care center. The addition enabled shared services and new services, such as a wellness center and community room.
Building Infrastructure for a Thriving Community
Category: FEM Electric, Community
Public gathering places play a vital role in the social life of a community. Community centers help cultivate relationships and a sense of belonging. Publicly owned recreational amenities like parks and gymnasiums take it a step further, enabling residents to reap the additional mind and body benefits of getting physical.Unfortunately,...
Eureka Hospital
Category: FEM Electric, Healthcare
Eureka Hospital Receives Loan from FEM Electric Association’s REED Fund The Eureka Hospital was recently awarded financing in August of 2018 when FEM Electric issued a Rural Electric Economic Development, or REED, loan and a USDA REDG loan to the Eureka Hospital for equipment to expand the services provided to members...
Faulk County Jail
Category: FEM Electric, Community
FEM Electric Association, Inc. (FEM), an electric distribution cooperative in Faulk, Edmunds and McPherson Counties of South Dakota, assisted with financing the Faulk County Jail expansion located in Faulkton, SD. A new 35-bed Jail and Sheriff’s Office, meeting minimum American Correctional Association standards was constructed adjacent to the existing Faulk...
Faulkton 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...
NCFE Ipswich Headquarters
Category: FEM Electric, Agriculture, Cooperatives
FEM Electric assisted North Central Farmer’s Elevator to construct a new office facility in Ipswich. The cooperative has grown from 7 locations to 17 locations and the new office will provide administrative office space necessary to keep pace with the growing cooperative.
New Owner Continues Success of Tulare Country Meats
Category: Agriculture, FEM Electric, Featured
Nathan Genzler got an early start in his career. As a child, he would visit Tulare Country Meats, the butcher shop where his dad worked, after school. When he was about 8 years old, he was told that if he was going to be there, they were going to put...
The Infrastructure to Attract Industry
Category: FEM Electric, Business
Industrial parks are a valuable recruitment tool. But acquiring a large property and establishing the requisite infrastructure to attract companies is a major undertaking, particularly for a rural area. The people of Faulkton, South Dakota have long prioritized economic development.According to Trevor Cramer, economic development director for the Faulkton Area...