Caldwell Fire secures $400,000 interest-free loan for fire truck | Community

By on March 9, 2022 0

The Caldwell Fire Department received a $400,000 interest-free loan to help pay for its new fire truck. The Piedmont Electric Cooperative is playing a supporting role in the purchase of this fire truck by facilitating a loan funded by the United States Department of Agriculture’s Rural Economic Development Loan and Grant (REDLG) program ( USDA).

The new fire truck will replace the department’s 1994 front-line engine and improve lifesaving and life-saving assistance in its more than 45 square mile fire district. The Caldwell Fire Department responds to an average of 260 to 330 calls per year and is strictly volunteer with 38 firefighters on the roster.

“This fire truck will be the front line device that will serve as the primary on every structural fire, as well as different types of calls sent for service,” Chief Brad Allison said. “We are also building our second fire station to better protect citizens and lower ISO ratings to help pay their insurance premiums.”

Funds for this truck came from the USDA REDLG program facilitated by Piedmont Electric. The program provides zero-interest funds from the federal government to local electric cooperatives, which in turn lend money to local entities for projects that support rural areas.

“We are proud to be able to support the Caldwell Fire Department by facilitating a zero rate USDA REDLG loan for their new fire truck,” said Steve Hamlin, president and CEO of Piedmont Electric. “Supporting Durham, Orange and Person counties with this fire truck is a unique opportunity to help make multiple communities a safer place to live, work and raise a family.”

In recent years, Piedmont Electric has secured over $14 million in USDA funding in Orange, Alamance, Caswell, Durham, Granville and Person counties for fire trucks, fire stations, ambulances, schools, a public library and a Habitat for Humanity warehouse. . As funds are repaid, they are loaned back to help with future projects in communities served by Piedmont Electric.

Piedmont Electric is a local, non-profit, member-owned electric cooperative serving more than 33,000 electric accounts in Orange, Alamance, Caswell, Durham, Granville and Person counties. . Piedmont Electric exists to serve our members and improve the quality of life in our communities through local employment, economic development, corporate engagement, youth education, educator grants, advocacy energy issues, community engagement, broadband connectivity and emergency preparedness support. Visit www.pemc.coop for more information.