Ground Breaking Ceremony
The USDA has formally approved financing for construction of a new Heart of America Medical Center. The approval is the center piece of financing for a new $62M facility.
The direct loan will cover 80% of construction costs. In addition, the USDA is guaranteeing 10% of loans coming from commercial lenders. The remaining 10% is owner’s equity, including proceeds from the Build 2024 Capital Campaign.
As of 10/14/22 the Campaign has a total of $4,157,000.
ND State Grant: $1,000,000
The Joseph and Elizabeth Hoffart Charitable Foundation: $1,000,000
231 citizens, area businesses and community organizations: $2,157,000
Total Committed to Date: $4,157,000
Erik Christenson - HAMC CEO
John Hoeven - US Senator for ND
Kelly Armstrong - US Congressman for ND
Wayne Trottier - GSHA Board Chairman
Jon Nelson - ND State Representative
Erin Oban - USDA Rural Development
Tim Blasl - ND Hospital Association
Frank LaRocque - Mayor, Rugby ND
Groundbreaking Crew