The sponsorship of two REDLG loans provides valuable financing for local hotel construction
Colby, KS (October 24, 2023) – S&T, a staple in Western Kansas’ telecommunications landscape, has reaffirmed its commitment to developing local infrastructure by sponsoring two Rural Economic Development Loan & Grant (REDLG) loans. These low-interest loans will significantly contribute to the growth of the Colby community by enabling the construction of two new hotels.
Wooden Inc., owned by Mike Woofter and Charles & Sheryl Denny, has been awarded a Rural Economic Development Loan & Grant, known as a “REDLG” loan, for the new construction of a Holiday Inn Express. A second REDLG loan was awarded to WWS Inc., owned by Mike & Jennifer Woofter, Jayson & Tara Woofter, and Terry & Teresa Stupka, for the construction of a new Comfort Inn & Suites. Both hotels will consist of four stories and will be located just east of the City Limits Convention Center in Colby, KS. Completion of the projects is planned for fall 2024 or early 2025.
“We appreciate S&T. I know USDA was also involved in the process. We contacted other utilities that could do REDLG loans, but they were not as cooperative and helpful. We called S&T, and they said absolutely. The help we received from S&T during the application and approval process was fast, efficient, and friendly, and really got the job done.” “We think it is a win for the Colby community,” stated Mike Woofter. “We appreciate the community efforts S&T does on everything.” Mike went on to say, “With the interest rates at the current levels right now, this is a tremendous help and will be used wisely.” “I would recommend the REDLG loan program. It is an excellent resource for funding the growth of our communities. S&T has been great to work with.”
As a long-standing provider of WiFi, Cable TV, and phone services since 1952, S&T has been serving the residents of Thomas County, including the vibrant community of Colby, with reliable and customer-friendly services.
“S&T is not just a business in this community; we are part of the community. We live and work here and want to see Colby thrive,” said Zack Odell, CEO of S&T. “Supporting projects that stimulate economic growth is a natural extension of our commitment to the people and businesses of Colby.”
The construction of two new hotels represents a significant milestone in the ongoing economic development of Colby and Thomas County. These projects will provide new jobs, boost local businesses, and attract visitors to the region, contributing to a more vibrant economy and enhancing the quality of life for all residents.
In a rapidly changing technological landscape, S&T continues to bring a blend of traditional and modern telecommunications solutions to the residents of Western Kansas. They pride themselves on their ability to communicate complex technologies using non-technical, easy-to-understand language.
“It’s not just about providing excellent telecom services; it’s about being a responsible neighbor. We celebrate every success in our community, and we are proud to have been able to support this significant step forward for Colby,” Zack added.
As S&T moves forward, the company focuses on enhancing its professional yet friendly services while staying true to its local roots and commitment to the community.
About S&T
S&T provides telecom services in Northwest Kansas. For over 60 years, their service portfolio has grown beyond telephone to include cable television, broadband, technology & advertising services throughout Western Kansas. For more information about S&T visit www.sttelcom.com.
