USDA INVESTS $17 MILLION TO EXPAND MARKET OPPORTUNITIES IN RURAL IOWA
Posted on Aug 23, 2023 in Economic Development | Comments Off on USDA INVESTS $17 MILLION TO EXPAND MARKET OPPORTUNITIES IN RURAL IOWA
The USDA Rural Development State Director in Iowa announced that the Agency is investing $15,967,000 in loans and $1,124,000 in grants to four projects in four Iowa counties to promote rural economic development, job creation, and health services.
White House Outlines Support at National Rural Electric Cooperatives Association Conference
Posted on Mar 9, 2023 in Economic Development, Grid & Infrastructure | Comments Off on White House Outlines Support at National Rural Electric Cooperatives Association Conference
President Biden spoke on Wednesday at the National Rural Electric Cooperatives Association conference in Nashville. The president announced that the Department of Agriculture will begin accepting applications for funding provided for in the Inflation Reduction Act which earmarked $9.7 billion for cooperatives.
NRECA International Helps Bangladesh Modernize a Utility
Posted on Feb 23, 2023 in Economic Development, Grid & Infrastructure, Innovation/Efficiency | Comments Off on NRECA International Helps Bangladesh Modernize a Utility
NRECA International completed at the end of 2022 a 20-month long $2 million efficiency improvement with Bangladeshi utility, the Northern Electric Supply Corp. in Rajshahi. The effort was funded by the Asian Development Bank and will reduce outages for the 1.7 million consumers served by Northern Electric.
Moon Lake Donates Transformers to Navajo Utility
Posted on Feb 23, 2023 in Economic Development, Grid & Infrastructure | Comments Off on Moon Lake Donates Transformers to Navajo Utility
Moon Lake Electric Association sent 20 10-kilovolt single phase transformers to the Navajo Tribal Utility Authority Montezuma Creek sub-office. The transformers will help power the Light Up Navajo initiative which aims to bring power to the 14,000 people in the Navajo nation.
Nolin Rural Electric Cooperative Settles With Kentucky Utilities Over Right to Serve Ford Plant
Posted on Jan 12, 2022 in Economic Development, Legislative & Politics | Comments Off on Nolin Rural Electric Cooperative Settles With Kentucky Utilities Over Right to Serve Ford Plant
Nolin Rural Electric Cooperative (Nolan) settled its dispute with Kentucky Utilities over the right to serve a $5.8 billion plant owned by Ford Motor Company and SK Innovations. The plant represents the largest private investment into the state and could become one of Kentucky’s largest electric loads. The settlement permits Kentucky Utilities to serve the plant in exchange for Nolin’s...
Iowa Cooperative Awards Zero-Interest Loan to Assisted Living Facility
Posted on Dec 3, 2021 in Economic Development | Comments Off on Iowa Cooperative Awards Zero-Interest Loan to Assisted Living Facility
T.I.P. Rural Electric Cooperative of Brooklyn, Iowa was granted $300,000 by the USDA Rural Economic Development Loan and Grant Program to make a zero-interest loan to the Mayflower Community, an Iowa assisted living community, to fund construction of a new dining facility. T.I.P. Rural Electric Cooperative’s Board of Directors added $60,000 in matching funds to fund the $360,000...
Ten States to Receive $14 Million from USDA
Posted on Jul 30, 2021 in Economic Development | Comments Off on Ten States to Receive $14 Million from USDA
The United States Department of Agriculture (USDA) announced it would invest $14 million in rural economic development in Illinois, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, North Carolina and Tennessee through the Rural Economic Development Loan and Grant Program, which provides zero-interest loans and grants to utilities. In Missouri, White River Valley Electric...
Missouri Rural Electric Coops to Receive $5.5 Million in Economic Development Support
Posted on Oct 9, 2020 in Economic Development | Comments Off on Missouri Rural Electric Coops to Receive $5.5 Million in Economic Development Support
The Trump Administration and Department of Agriculture Rural Development State Director for Missouri announced that eight rural electric cooperatives in Missouri will receive $5.5 million to create jobs and increase economic opportunities throughout the state. The funding will support infrastructure improvements, business development, housing and high-speed internet access in rural...
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