Floyd County Medical Center secures $27.5 million USDA loan

The USDA is loaning $27.5 million to the Floyd County Medical Center in Charles City to help the hospital expand and renovate its facilities.

The loan was announced Friday by U.S. Department of Agriculture Rural Development Iowa State Director Mike Sexton, who said the project includes construction of a one-story addition, renovation of most of the north wing, and the expansion and modernization of surgical, dietary and material-management departments.

Once completed, the project will improve the quality of care and provide more space for healthcare providers and patients, Sexton said in a press release.

“Access to critical care is essential to the health of Iowans,” Sexton said. “President Donald Trump and Agriculture Secretary Brooke Rollins have made it a priority to ensure rural Iowa communities have the resources needed to thrive, and this project helps achieve that vision.”

The USDA is administering the funding through Rural Development’s Community Facilities Direct Loan & Grant program, which offers direct loans, loan guarantees and grants to develop or improve essential public services and facilities in communities across rural America.

More information on the USDA’s Rural Development investments can be accessed at Rural Data Gateway, an online tool that is intended to strengthen USDA partnerships with rural people, entrepreneurs and government officials by making investment data available to the public.