Rural economic development grant - electric farm bill

The U.S. Department of Agriculture's Rural Business Cooperative Services office awarded a $280,000 Rural Economic Development Grant (CFDA 10.854) to Surry-Yadkin Electric Membership Corp, a non-profit rural electric utility cooperative in North Carolina. The grant funding, to be delivered over a 2-year period from August 2023 to August 2025, will support Surry-Yadkin Electric Membership Corp's projects to promote economic growth and job creation in the rural communities it serves across North Carolina. The grant funding can be used for feasibility studies, business incubation, infrastructure development, and other initiatives aimed at fostering rural economic development. This award is part of the USDA's Rural Economic Development Loans and Grants program, which provides zero-interest loans and grants to local utility organizations to support projects that strengthen rural economies and create employment opportunities.