Alderson Broaddus Endowment Corporation receives $27.7 million loan from USDA

The U.S. Department of Agriculture (USDA) is investing $27,755,000 in Alderson Broaddus University through the Community Facilities Direct Loan Program.

“We are pleased to be able to provide assistance to the Alderson Broaddus Endowment Corporation through the Community Facilities Direct Loan Program,” said USDA Rural Development West Virginia State Director Kris Warner. “We know that the University is an economic driver throughout north-central West Virginia. This funding award will support job creation, retention, and economic vitality to help ensure the long-term sustainability of this institution in Barbour County.”

The USDA Rural Development investment will be used for the Endowment Corporation to acquire certain assets of the Alderson Broaddus University campus, which will then be leased back to the University. This will enable AB to develop new program offerings to meet needs in the surrounding area.

“Despite the challenges facing West Virginia and higher education in general, AB continues to move forward to provide the highest quality education and deliver innovative programs to meet students where they are in a contemporary society,” Alderson Broaddus University President Tim Barry said. “This funding will assist in the implementation of our Strategic Decision-Making Model which includes increasing adult education and expanding degree programs.”

The USDA loan will allow for the reallocation of additional resources to cover operating expenses at AB. The immediate effect on the financial position will also result in improved numbers in the University’s Composite Financial Index (CFI), a key indicator used by the Higher Learning Commission in determining financial viability.

“Alderson Broaddus is vital to the community of Philippi and the entire region,” said Congressman David B. McKinley. “This loan will strengthen the University’s mission and benefit the economic-well-being of Barbour County. We are proud to have worked with the leadership of AB and USDA to see this to fruition.”

“AB is a valuable source of higher education in West Virginia and a real asset for our state,” Senator Shelley Moore Capito said. “I’m glad they will be able to continue providing West Virginia students with the knowledge and skills they need to build successful lives.”

Senator Joe Manchin stated, “I am pleased to join Alderson Broaddus University in announcing that the USDA is investing in AB. This will create new economic development in Barbour County that will benefit north-central West Virginia and well beyond. Alderson Broaddus is a high-quality institution that is committed to meeting the ever-changing needs of our state and this investment will enhance their ability to step up to the plate.”

Dr. Tim Barry was recently named the president of AB after serving as interim since 2015. He expressed the importance of this funding and what it means for AB and the surrounding region.

“Setting our financial house in order and reassuring our students, alumni, faculty, staff, and our communities that Alderson Broaddus University will always be there for them have been the top priorities of my administration,” said Dr. Barry. “We’re passionate about delivering the best quality education to our students so that they are equipped to work with our communities to solve today’s and tomorrow’s problems.”

“We are so grateful to our partners at the USDA, especially Kris Warner, for recognizing AB’s far-reaching contributions to our state and our region,” said Dr. Barry. “We also want to thank those who have shared in our vision for a better AB, including Congressman David McKinley and Senators Shelley Moore Capito and Joe Manchin.”

USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety, and health care; and high-speed internet access in rural areas. For more information, visit



New Buckhannon Parks and Rec Board wants to create more informative signs for local parks

BUCKHANNON – The new City of Buckhannon Parks and Recreation Board wants to make the city’s parks a little more user-friendly as one of its first official orders of business. Mayor Robbie Skinner presented drafts of potential signage during the […]

Become a premium member to unlock immediate access to this story — and thousands more. Free trial available! Signing up is easy — just tap the button below.

Student public art project back to the drawing board after tests reveal possible issues

BUCKHANNON – The Consolidated Public Works Board voted against approving the placement of a student art project on the sidewalks along the Strawberry Festival parade route after testing the materials involved. Buckhannon-Upshur Middle art teacher Alyssa Murphy previously attended the […]

Become a premium member to unlock immediate access to this story — and thousands more. Free trial available! Signing up is easy — just tap the button below.


Upshur County Sports Calendar

MONDAY (Feb. 6) Basketball TUESDAY (Feb. 7) Basketball Swimming WEDNESDAY (Feb. 8) Basketball Swimming THURSDAY (Feb. 9) Basketball Swimming FRIDAY (Feb. 10) Swimming Wrestling SATURDAY (Feb. 11) Acrobatics and Tumbling Basketball Wrestling SUNDAY (Feb. 12)

WVWC Tennis

Wesleyan men’s tennis opens spring season at UC Invite

CHARLESTON, W.Va. – The West Virginia Wesleyan men’s tennis team saw three doubles wins and five singles wins against defending MEC Champion Charleston in the two-day UC Invite. Day 1 WinnersKevin Lin and Camillo Salvi

Poor second half costs ‘Cats in 73-50 setback to Battlers

PHILIPPI, W.Va. – The West Virginia Wesleyan men’s basketball team were defeated by Alderson Broaddus on the road on Saturday evening 73-50. The Battlers shot 46% from the field and knocked down eight three-pointers in

Lady ‘Cats drop 63-57 road decision to Alderson Broaddus

PHILIPPI, W.Va. – The West Virginia Wesleyan women’s basketball team dropped a crucial MEC matchup on the road to Alderson Broaddus 63-57 on Saturday afternoon. The Lady Bobcats shot 42% from the field but fell



Nearly $400,000 in Historic Preservation Development Grants available

CHARLESTON, W.Va. – Applications are now available for matching historic preservation Development Grants through the State Historic Preservation Office (SHPO) of the Department of Arts, Culture and History. Eligible projects include the restoration, rehabilitation or

This Week in West Virginia History

Charleston, WV – The following events happened on these dates in West Virginia history. To read more, go to e-WV: The West Virginia Encyclopedia at Feb. 5, 1889: Fiddler and self-taught physician James Franklin