MCC Receives Loan To Support Manufacturing School Construction

Mayland Community College is the recipient of a loan and grant funded through the USDA Rural Economic Development Loan and Grant program (REDLG) and French Broad Electric Membership Corporation (FBEMC). This $360,000, seven- year construction loan will assist the college in building the new Anspach Advanced Manufacturing School at the College’s Yancey Learning Center.
The REDLG program provides funding to rural projects through local utility organizations. Under the program, the USDA provides zero-interest loans to local utilities like FBEMC that they, in turn, pass through to local businesses for projects that will create and retain employment in rural areas. The recipients repay the lending utility directly.
FBEMC has been giving back to the communities that its serves for over 70 years, and the REDLG program is providing another opportunity for the organization to help their membership. According to FBEMC General Manager Jeff Loven, developing a high tech training and educational program such as the Anspach Advanced Manufacturing School, is key to providing high-paying, secure jobs for FBEMC members. 
Loven explains, French Broad EMC and its board of directors are excited to be a part of Mayland Community College’s new training facility, and are always looking for new ways to invest in the communities in which the company serves.
“We are excited about this support from FBEMC,” said Dr. John Boyd, Mayland Community College’s President. “The funds will allow the college to begin construction while our pledges are still coming in to the Foundation. Construction is now completely approved for the Anspach Advanced Manufacturing School and will begin in early February.”
The Anspach Advanced Manufacturing School is a 13,000 square-foot facility being built at Mayland’s Yancey Learning Center that will offer a degree program in Applied Engineering with skill tracks in CNC programming, machining, robotics, mechatronics and design. The facility will also provide advanced training in welding and basic blacksmithing.
The Anspach Advanced Manufacturing School is expected to be complete in 2014.
Pictured are French Broad Electric Membership Corporation General Manager Jeff Loven, FBEMC Finance Manager Phyllis Holt, and Mayland Community College President Dr. John Boyd.

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Topics : Business_FinanceEducation
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People : Jeff LovenJohn BoydPhyllis Holt
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