There are many needs in the Bakken oil patch of North Dakota and Montana. Daycare is one of them.
Basin Electric Class C member Verendrye Electric Cooperative, headquartered in Velva, ND, took a big step to help alleviate the need for child care.
Verendrye Electric teamed up with USDA Rural Development to provide a $360,000, zero-interest loan for a new Berthold, ND, daycare.
Kids Academy, a non-profit organization, began operating out of their new child care center May 25. With 3,672 square feet, the facility can accommodate up to 65 children and plans to be at full capacity this fall. The center has a kitchen, dining area, and spacious environment to support preschool, youth, and after school programs.
Bruce Carlson, manager of Verendrye Electric, which is serving as the intermediary for the revolving loan, says the cooperative is happy to help the Kids Academy.
“Daycare is an important element of economic development and the Kids Academy will be a nice place for parents to take their children,” Carlson says. “Verendrye applauds the USDA for making this program available to help our communities grow.”
Learn more about the partnership at Verendrye Electric’s website: USDA, Verendrye team up to provide $360,000 loan to Berthold daycare