Redl - electric grant

The Department of Agriculture's Rural Housing Service has awarded a $300,000 Project Grant under the Rural Economic Development Loans and Grants program (CFDA 10.854) to Northeast Missouri Electric Power Cooperative (Northeast Power), a not-for-profit electric utility. The funding will support rural economic development and job creation initiatives in northeast Missouri, including feasibility studies, start-up costs, incubator projects, and other reasonable expenses to foster rural development. Northeast Power has demonstrated a commitment to this mission, having received over $1.2 million in prior Rural Economic Development Loans and Grants from the USDA between 2020-2023. The cooperative also functions as a sub-awardee, using federal pass-through funds from Missouri state agencies to support emergency protective measures and management costs aligned with its rural development goals.