USDA Accepting Applications for Funding Through ReConnect
Posted on Apr 30, 2019 in Financing, Technology | Comments Off on USDA Accepting Applications for Funding Through ReConnect
The United States Department of Agriculture (USDA) recently established a loan and grant-based program to strengthen broadband in rural America. The program, known as the ReConnect Rural Broadband Pilot Program (ReConnect), will make at least $600 million available in rural broadband projects through the first round of funding.
USDA Debuts New Investments in Rural Electric Infrastructure and Smart Grid Technology
Posted on Apr 9, 2019 in Grid & Infrastructure | Comments Off on USDA Debuts New Investments in Rural Electric Infrastructure and Smart Grid Technology
On April 8, 2019, the United States Department of Agriculture (USDA) announced $485 million in investments in the rural electric system. With investment funds going to 13 states, necessary transmission lines and smart grid technology for rural cooperatives are key targets.
USDA Banks New Investments in Infrastructure and Smart Grid Technology
Posted on Mar 1, 2019 in Grid & Infrastructure | Comments Off on USDA Banks New Investments in Infrastructure and Smart Grid Technology
Earlier this week, the U.S. Department of Agriculture (USDA) announced investments in seven new projects in Arkansas, Florida, Indiana, Oklahoma and South Dakota. The loans, totaling $122 million, will help build and improve electric lines and implement smart grid technologies.
USDA Announces Investments to Improve Rural Electric Infrastructure
Posted on Nov 12, 2018 in Financing, Grid & Infrastructure | Comments Off on USDA Announces Investments to Improve Rural Electric Infrastructure
The U.S. Department of Agriculture (USDA) recently announced that it is investing $1.6 billion in 46 rural electric utility infrastructure projects across the country. These investments will help contribute to a stronger rural electric system by improving operations and reliability in 24 states. This funding will help build or improve 5,833 miles of line, will include $307 million in...
Iowa Cooperative Helps Fund Hospital Expansion
Posted on Oct 18, 2018 in Financing | Comments Off on Iowa Cooperative Helps Fund Hospital Expansion
Chariton Valley Electric Cooperative (CVEC), an Iowa electric cooperative, has partnered with Northeast Power to provide a $4,687,000 loan to Monroe County Hospital for the expansion of the hospital. CVEC secured funds for the loan from the USDA Rural Development.
NWEC Receives $8 Million Loan for Infrastructure Improvements
Posted on Sep 25, 2018 in Financing, Grid & Infrastructure | Comments Off on NWEC Receives $8 Million Loan for Infrastructure Improvements
The U.S. Department of Agriculture has announced that North Western Electric Cooperative (NWEC) will receive an $8 million federal loan to build and improve power lines in northwest Ohio. NWEC will use the loan to build 20 miles of new line and improve 40 miles of existing line, which is expected to bring 140 additional consumers to a system which currently serves more than 6,000 rural...
Shelby Electric Secures Loan for Local Manufacturer
Posted on Sep 25, 2018 in Financing | Comments Off on Shelby Electric Secures Loan for Local Manufacturer
Shelby Electric Cooperative (Shelby Electric) assisted IHI Turbo America, a designer and manufacturer of diesel, gasoline and natural gas turbocharger products, in receiving a $2 million loan from the USDA Rural Economic Development Loan and Grant program. The interest-free loan will help the manufacturer fund a 250,000-square-foot facility expansion.
USDA Loans $398.5 Million Dollars to Cooperatives for Infrastructure Improvements
Posted on Sep 20, 2018 in Grid & Infrastructure, Legislative & Politics, Regulation & Policy | Comments Off on USDA Loans $398.5 Million Dollars to Cooperatives for Infrastructure Improvements
The U.S. Department of Agriculture (USDA) is investing $398.5 million dollars through the Electric Infrastructure Loan Program to improve rural electric service in 13 states.
USDA Invests in Rural Electric Infrastructure
Posted on Mar 14, 2018 in Grid & Infrastructure | Comments Off on USDA Invests in Rural Electric Infrastructure
The U.S. Department of Agriculture (USDA) has announced that it is investing $276 million in rural electric infrastructure, some of which is being awarded directly to coops, to improve system efficiency and reliability.
USDA Invests $2.5 Billion in Rural Electric Infrastructure
Posted on Nov 2, 2017 in Grid & Infrastructure, Legislative & Politics, Regulation & Policy | Comments Off on USDA Invests $2.5 Billion in Rural Electric Infrastructure
The United States Department of Agriculture (USDA) is investing approximately $2.5 billion in rural electric infrastructure improvements to help create jobs and support economic development. The funding is to be provided in 27 states through the USDA Rural Development’s Electric Program, the successor to the Rural Electrification Administration.
Subscribe
