October has been celebrated as Cooperative Month for more than 50 years – and today, MJM Electric Cooperative and Carlinville Area Hospital (CAH) celebrated an award of $2 million in funding from USDA Rural Development to support expanded healthcare services in Macoupin County.
On location at the new, 28,000 square foot medical facility, USDA Rural Development Director for Illinois Colleen Callahan presented a symbolic check for $2 million in Rural Economic Development Loan (REDL) funds to Laura Cutler, President/CEO of MJM Electric. In turn, MJM loaned these funds at zero percent interest to Carlinville Area Hospital.
“Above and beyond the expectation of assisting their members, MJM Electric is demonstrating a commitment to the broader community through its collaboration with Carlinville Area Hospital.” said Callahan. “This is the third time MJM Electric has put their Cooperative Principles into action by using Rural Development funds to assist local businesses – something worth noting as this month we highlight the value of cooperatives in our rural communities.”
The Medical Office building houses Springfield Clinic Carlinville, Carlinville Family Health Care, an expanded Physical and Occupational Therapy Department, which includes Aqua Therapy, Senior Behavioral Health Program and a community room. The facility is part of the hospital’s plan to provide a professional medical community and quality healthcare close to home.
USDA's Rural Economic Development Loan and Grant (REDLG) program provides zero-interest loans and grants to utilities that in turn, lend funds to local businesses for projects to create and retain employment in rural areas. These revolving loan funds broaden the REDLG program's reach and create a multiplier effect for its impact.
Since 2009, USDA has invested more than $330 million in loans and grants through the REDLG program. President Obama’s historic investments in rural America have made our rural communities stronger. Under his leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities.