Nodaway County Economic Development

Monthly Archives: April 2019

NCED loan to help fund Alzheimer’s unit

Written on April 5, 2019 at 12:00 am, by

By ANTHONY BROWN The Forum  April 3, 2019   GRANT CITY, Mo. — The Worth County Care and Rehabilitation Center in Grant City has been approved for a low-interest, revolving $20,000 U.S. Department of Agriculture loan administered by Nodaway County Economic Development. NCED Executive Director Josh McKim said Wednesday the loan funds will be used for development of an Alzheimer’s disease unit that will provide round-the-clock, long-term medical treatment for dementia patients. He explained that his agency’s involvement came about because of its three-year relationship with the federal program, which has resulted in similar loans that helped establish Maryville’s Pizza Ranch restaurant on the east end of town and William Coy’s Farm to Table Restaurant at city-owned Mozingo Lake Recreation Park. The new Alzheimer’s wing will contain 16 beds in addition to facilities designed to provide medical care, nutrition services, care planning, personal hygiene, recreational opportunities and spiritual support. Total project cost is estimated at $30,000. McKim said NCED set up the program on five-county basis because regional projects receive more favorable consideration from USDA. He added that the care center loan is the first such NCED request to be granted outside of Nodaway County. Other counties attached to the region served by the program include Atchison, Gentry and Holt. “We are more competitive if the program is regional,” McKim said. “Also, we are the only agency in the region with revolving loan experience.” The project’s potential impact is expected to include 12 full-time jobs and an annual payroll of $360,000. When complete, the unit will also increase northwest Missouri’s Alzheimer’s care capacity by an estimated 14 percent. “Nodaway County Economic Development is proud to partner with Worth County Economic Development in the creation of jobs and the expansion of a much-needed service,” McKim said. “Projects like this are truly a win for the community and for the region.” WCED Director Gene Autin voiced similar praise for the cooperative effort that allowed the two agencies to make the loan possible. “In Worth County we’re very excited about this partnership with NCED as it gives us the ability to provide a much-needed service to the region,” Autin said. “This expansion of Worth County Care and Rehab will make it one of the premier care providers in the region.” Alzheimer’s disease is an incurable loss of memory and self-awareness that strikes one out of eight Americans over age of 65 in various forms. According to the Missouri Alzheimer’s State Plan, 110,000 Missourians are currently diagnosed with the disease, a figure expected to reach 130,000 by 2025. USDA’s Intermediary Relending Program provides low-interest loans to local non-profit agencies that, in turn, re-lend the money to businesses in an effort to spur economic development and create jobs in rural communities. http://www.maryvilleforum.com Follow us onTwitter@TheDailyForum

Senior housing co-op accepting reservations

Written on April 5, 2019 at 12:00 am, by

By GEOFFREY WOEHLK The Maryville Forum   MARYVILLE, Mo. — A housing development company unveiled plans for a new senior cooperative to dozens of community members and public officials Wednesday. Speaking to two well-attended sessions at the Mozingo Lake Recreation Park conference center, representatives from Vintage Cooperatives gave potential residents an idea of what they could expect with floor plans, services and a ballpark idea of prices. “We’re excited to come to Maryville,” said company founder Jeff Ewing, who said he attended Northwest Missouri State University. The co-op will be open to people age 55 and up. A complete list of features and floor plans, which are all one-level, is available at vintagecooperatives.com/locations/maryville. According to documents distributed at the presentations, pricing has yet to be determined, and will be based on market studies of the area, projected costs, number of units and unit types. However, the company provided a set of projections it said were standard in the senior housing cooperative industry for 2019: Unit Type Unit Size Share Price Range Monthly Charges 1BR+Den/1BA ~1,100 sq. ft. $140,000 – $150,000 $1,350 – $1,500 2BR/2BA ~1,275 sq. ft. $165,000 – $175,000 $1,700 – $1,850 2BR/2BA+Den ~1,400 sq. ft. $190,000 – $200,000 $1,800 – $1,950 2BR+Den – 3BR ~1,600 sq. ft. $220,000 – $230,000 $2,100 – $2,250   Some customization of unit interiors will be available before design and construction begin. Vintage Cooperatives plans to move forward with building the units at a location on Country Club Road near Northwest’s campus and Donaldson Westside Park. Ewing said the lot is currently owned by the Northwest Foundation, and the two are working out details about the property. The location would also be outside city limits, but Ewing said his company and the city have talked about the possibility of the city annexing the area. The Maryville co-op will be the company’s first outside of Iowa, where it currently operates eight similar developments with plans for more. Follow us on Twitter @TheDailyForum www.maryvilleforum.com