REDLGRural Economic Development Loan and Grant (US Department of Agriculture)
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CMEC turned in a stellar performance on their part of the project, according to Charleston Stone, obtaining the REDLG financing and installing the new electric service.
Winnebago Cooperative Telecom Association also has administered a REDLG loan and has helped businesses in its area apply for several others.
One of the organizations receiving funds under the REDLG program is the South Mississippi Electric Power Association, which has been selected for a $2 million loan.
USDA's REDLG program provides zero-interest loans for co-ops to relend for job creation efforts, typically through revolving economic development accounts.
In recent years, the co-op obtained additional loan funds through REDLG to bolster this popular program.
USDA's Rural Economic Development Loan and Grant Program (REDLG) provided loans to fund the "Help My House" projects.
The effort involved strong support from local, state and federal government leaders, with crucial financial help coming from USDA Rural Development s Rural Economic Development Loan and Grant (REDLG) program.