August  2003      Vol. 12, No. 8  REAP HOME PAGE  A publication of the Center for Rural Affairs    
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Panhandle Economy Gets a Needed Boost
USDA and local partners contribute over a half-million dollars in funds earmarked for economic development in Western Nebraska.

The Panhandle Area Development District (PADD) has been approved for a $750,000 intermediary loan through USDA Rural Development. The funds will be used as a part of PADD’s Economic Development Program. The USDA funds will leverage funds from other sources to assist economic development in the Panhandle.

Funds for the Economic Development Loan fund have also been committed from the City of Morrill and various communities in the Panhandle including Twin Cities Development Corporation, Box Butte Development Corporation, and MLH (Morrill, Lyman, Henry) Non-Profit Development Corporation. In addition, PADD is working with area banks to obtain funding commitments for the loan fund.

PADD serves Banner, Box Butte, Cheyenne, Dawes, Deuel, Garden, Kimball, Morrill, Scotts Bluff, Sheridan, and Sioux counties.

Jerry Terwilliger, REAP Business Specialist said funds like these are critical to economic development for rural communities in the Panhandle. This fund along with the REAP Direct Lending Program can provide loan dollars to those qualifying business owners who need funding to start or grow their businesses.


 Contact: For more information on the PADD Loan Fund, contact Chuck Karpf at the PADD office located in Gering, Nebraska, 308.436.6584, or Jerry Terwilliger, Panhandle REAP Business Specialist at 308.247.9926 or j414@charter.net.
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