Redl - electric grant

The U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $219,200 Project Grant to Minnesota Valley Electric Cooperative (Mvec), a non-profit rural electric utility, under the Rural Economic Development Loans and Grants (CFDA 10.854) program. The grant, awarded on February 16, 2024, is intended to be completed by February 16, 2026. The funding will support Mvec's efforts to foster rural economic development and job creation in Minnesota through project feasibility studies, start-up costs, incubator projects, and other reasonable expenses related to rural development initiatives. As a sub-awardee, Mvec has also received funding from the Minnesota Department of Public Safety for disaster relief and recovery efforts, including winter storm response and flood damage mitigation, demonstrating its role in supporting community resilience in the state.