Texas County Memorial Hospital signed loan documents last week to formalize a $740,000, zero interest loan from the U.S. Department of Agriculture.
The money was given to the Se-Ma-No Electric Cooperative to provide additional jobs and infrastructure in Wright County. TCMH provided $210,000 to complete the $950,000 total cost of the project, which included acquisition of the land and purchasing an ambulance.
Wes Murray, chief executive officer at TCMH, told Jim Carpenter, manager of Se-Ma-No Electric Cooperative, it has been a privilege to work with him.
“If it wasn’t for this loan program, we wouldn’t have a clinic and ambulance base in Mountain Grove at this time, and we needed it,” Murray said.
Se-Ma-No served as the “pass through” for the USDA funds, which come from the federal government to fund economic development in the Se-Ma-No Electric Cooperative service area. No cooperative membership funds are used in any way to cover the loan.
“The USDA has been great; they are very easy to work with,” Carpenter said. “They deserve a lot of credit for their loan programs.”
Carpenter explained that before working with TCMH for the clinic and ambulance base loan, the cooperative has utilized USDA funding to help provide loans for four different businesses in their service area, employing 50 to 60 people. The TCMH loan is the largest USDA loan that Se-Ma-No has given out.
The clinic opened for business on May 5. The ambulance service, which began operating in the Mountain Grove area last August, has also moved into their new home.
The 7,630 square foot building has nine exam rooms, a procedure room, a digital X-ray room and is completely wired for electronic medical records capabilities. The ambulance base has a two-bay garage with four ambulance personnel on-call rooms and a living area. When the clinic is fully staffed, it will employ 15 TCMH employees.