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.
For example, in 2015, Four County EMC used a $2 million REDLG
loan to help Acme Smoked Fish Corp.
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.
Since 2009, USDA has invested more than $330 million in loans and grants through the 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.
awards are part of the Obama Administration's effort to support rural business development and expansion for a stronger American economy.
In total, Vilsack announced today $22.3 million in loans and grants for REDLG
projects in 14 states.
USDA's Rural Economic Development Loan and Grant Program (REDLG
) provided loans to fund the "Help My House" projects.
Applications for these funds will be accepted through the Rural Economic Development Loan and Grant (REDLG
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