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					                         NEWS RELEASE
                               United States Department of Agriculture • Rural Development
                        Kentucky State Office • 771 Corporate Drive • Suite 200 • Lexington, KY 40503
                      Phone: (859) 224-7306 • Fax: (859) 224-7349 • Web: http://www.rurdev.usda.gov/ky




                                                                                             Contact: Katherine Belcher
                                                                                                         859-224-7306

              Owen County Library District to Break Ground on New Facility

  OWENTON, Ky. – Sept. 28, 2011 – Officials with USDA Rural Development are in town
today to join the trustees of the Owen County Library board for a groundbreaking ceremony for a
new library.

  Rural Development awarded the library board a Community Facilities direct loan in the
amount of $2.163 million to construct a new 12,100 square foot building to house the Owen
County Public Library. The new facility will have ample parking and will offer community
access to public computers with Internet access. There also will be public meeting space
available for use by local organizations. The library provides services for a population of
approximately 10,547 in rural Owen County.

  “No community is complete without a vibrant public library, which provides small town
residents with access to unique and diverse cultural experiences generally found nowhere else in
the community,” said Tom Fern, State Director for Rural Development. “Libraries play a vital
role in bridging the digital divide between our urban and rural communities by providing
computers with Internet access for public use. Oftentimes, the public library is the only place in a
rural town where people can access the Internet to do research for school, look for a job or
market a product or service.”

  Over the past five years, Rural Development’s investment in rural libraries across the country
has totaled nearly $40 million. The Community Facility Loan approved for Owen County was
for a 40-year term at an interest rate of 3.75 percent. The total project cost was just over $3
million and other funding sources include an applicant contribution of $925,180.

  USDA, through its Rural Development mission area, administers and manages more than 40
housing, business and community infrastructure and facility programs through a national
network of 6,100 employees located in the nation's capital and nearly 500 state and local offices.
These programs are designed to improve the economic stability of rural communities, businesses,
residents, farmers and ranchers and improve the quality of life in rural America. Rural
Development has an existing portfolio of nearly $142 billion in loans and loan guarantees.

                                                       #

   USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write:
USDA, Director, Office of Civil Rights, 1400 Independence Ave., S.W., Washington, D.C. 20250-9410 or call (800)
795-3272 (voice), or (202) 720-6382 (TDD).

				
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