The U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $1,000,000 Project Grant under the Rural Energy for America Program (CFDA 10.868) to Synesco Qualified Opportunity Zone Business, LLC on September 26, 2023. The grant will fund the development of a renewable energy system for the recipient, which is a for-profit limited liability company located in Mississippi. The Rural Energy for America Program supports agricultural producers and rural small businesses in implementing renewable energy systems and energy efficiency upgrades, with the goal of reducing energy costs and consumption while expanding the use of renewable energy in rural communities. Recent REAP awards have ranged from $5,000 to $850,500, with most falling between $10,000 and $50,000. This 2-year grant award to Synesco Qualified Opportunity Zone Business, LLC will contribute to the program's objectives of promoting renewable energy development and energy efficiency improvements in rural areas.
Generated 8/6/24, 8:00 AM