Redl - electric grant

The Project Grant award of $300,000 was provided by the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Economic Development Loans and Grants program (CFDA 10.854). The award was made to Iowa Lakes Electric Cooperative, a not-for-profit organization, on January 19, 2024 with a performance period ending on January 19, 2026.

Through this award, Iowa Lakes Electric Cooperative will provide a range of services and initiatives to promote rural economic development and job creation in Iowa. These include feasibility studies, start-up cost support, business incubator projects, and other reasonable expenses to foster rural development. Additionally, the cooperative will use the funding to manage and improve electric utility infrastructure, as well as support disaster resilience efforts in local Iowa communities. Iowa Lakes Electric Cooperative also serves as a sub-awardee on federal grants, partnering with the Iowa Homeland Security and Emergency Management Department to provide public utility management, infrastructure upgrades, and other services aimed at enhancing the resilience and development of rural Iowa.