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USDA loan to benefit Pike County

July 17, 2018 at 9:56 pm Updated: May 27th, 2020 at 10:51 am
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PikeCoConnections

(photo caption: From left: Kim Charlton (Community Employment Services Supervisor, Pike Co. Agency for Developmental  Disabilities), Pete Breting (Executive Director, Pike Co. Senate Bill 40), Chris Haden, (PCC service recipient), Jim Moore Chair, Pike Co. Senate Bill 40), Dalton Bolomey, Mike Hager, (PCC service recipients) Wendy MacLaughlin (Executive Director, Champ Clark Services Coordination), David Griffith (Director, Pike Co. Agency for Developmental Disabilities), Kevin Hurd (Manager of Administrative Services, Cuivre River Electric)
 
 
TROY, MO, June 28, 2018 — With the help of Cuivre River Electric Cooperative and the USDA’s Rural
Economic Development Loan and Grant program (REDLG), a $250,000 loan to Pike County Connections
(PCC) will provide startup funding for the establishment of two new nonprofit agencies that serve area
citizens with developmental disabilities, and enable both jobs and benefits to be retained.
 
 
The loan for PCC is completely funded by USDA. “Cuivre River is simply serving as the ‘pass-through’
organization to provide the loan to PCC,” says Cuivre River Electric General Manager/CEO Doug Tracy.
“No Cuivre River member monies are involved in this process.

 


PCC is the fundraising arm of Pike County Senate Bill 40 (PCSB40), the county entity charged with

administering the funds generated by what is commonly known as Senate Bill 40 (SB40). Passed in 1969,
SB40 allows individual counties in Missouri to approve a tax levy to provide needed assistance and
support to persons with intellectual and developmental disabilities.
 
 The organization’s board was recently put in the position of having to spin off two new nonprofit agencies
– Pike County Agency for Developmental Disabilities and Champ Clark Service Coordination – in order
to comply with federal regulations known as Conflict Free Case Management.
 
“Our purpose is to serve persons with developmental disabilities,” according to Pete Breting, Executive
Director of PCSB40. “Creating these two new agencies and funding their startup expenses put a great deal
of financial stress on our board,” Breting said. “The REDLG loan enabled our board to underwrite those
startup costs while continuing to have funds available for needed developmental disability services.
 
The REDLG program provides funding for rural projects through local utility organizations. Zero-interest
loans are provided to local utilities like Cuivre River, which they, in turn, pass through to local
organizations (ultimate recipients) for projects that will create and retain employment in rural areas. The
ultimate recipients repay the lending utility directly. The utility is then responsible for repayment to
USDA. The reason that electric cooperatives are used as pass-through organizations for such community
loan projects is that the co-ops often already have a financial credit history with USDA.
 
“This has been a ‘win-win-win’ for us,” said Breting. “No staff lost their jobs or their benefits during the
transition; persons served did not encounter any reductions or changes in their services or staff; and our
board has maintained the ability to meet area service needs and fulfill our mission in helping Pike County
citizens with developmental disabilities succeed.”
 
Tracy said that serving as the “pass-through” organization to help Pike County Connections secure this
loan is one way Cuivre River can support one of its members and carry out part of the co-op’s mission.
“We strive to magnify our position as a good citizen in the communities in and near our service area and
maintain a current knowledge of governmental and other programs – like REDGL – that could benefit the
membership,” Tracy said. “Throughout rural America, co-ops work not only to provide value to their
members but to improve the quality of life for people in their local communities.”
 
About Cuivre River Electric Cooperative
Founded in 1941, Cuivre River Electric Cooperative is the largest of Missouri's 40 consumer-owned electric
distribution cooperatives, providing electricity to more than 65,000 homes and businesses in Lincoln, Pike,
St. Charles and Warren counties in Missouri. For information visit www.cuivre.com or call 800-392-
3709.
 
About Pike County Connections
Pike County Connections, the fundraising arm of PCSB40, has been in existence since 2007 and meets any support
needs of developmentally disabled persons that are not specifically authorized by the SB40 enabling statute.
PCSB40 has been in existence since 1970, and provides financial assistance to area nonprofit agencies in helping
them accomplish their mission of serving persons with intellectual and developmental disabilities. For more
information visit www.pikesb40.org
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