USDA and Slope Electric partner to help Bowman hospital construction
BOWMAN -- U.S. Department of Agriculture Rural Development and Slope Electric Cooperative on Tuesday announced a $1 million, zero-interest loan to help finance Bowman's hospital and clinic that are under construction.
BOWMAN -- U.S. Department of Agriculture Rural Development and Slope Electric Cooperative on Tuesday announced a $1 million, zero-interest loan to help finance Bowman’s hospital and clinic that are under construction.
Slope Electric received the 10-year loan through the USDA Rural Economic Development Loan program, which it passed on to Southwest Healthcare System, according to a release. The total project is estimated to cost near $30 million with USDA Rural Development also providing a $15 million low-interest loan.
“One of the most important things we do as a community is to care for each other, and one of the most vital places to do that is in our hospitals and healthcare facilities,” USDA Rural Development state director Ryan Taylor stated in a release.
Southwest Healthcare System has about 190 employees in its hospital and clinic, and is the largest employer in Bowman County.
Built in the 1950s, the current hospital and clinic are not structurally adequate to meet modern patient needs and state-of-the-art equipment. The new 59,000-square-foot structure will be attached to the existing nursing home.
Construction is expected to be done in the spring of 2017.