Redl - telecom grant

This federal Project Grant award of $300,000 was provided by the U.S. Department of Agriculture Rural Housing Service under the Rural Economic Development Loans and Grants (CFDA 10.854) program. The grant supports economic development initiatives in rural Iowa, enabling the South Slope Cooperative Telephone Company, a small agricultural cooperative, to implement projects focused on rural development, job creation, and economic growth. The two-year grant term from June 2024 to June 2026 will fund feasibility studies, start-up costs, and other reasonable expenses to foster rural economic development through the local utility organization. The Rural Economic Development Loans and Grants program consistently provides $300,000 project grants to rural electric cooperatives and municipal utilities across multiple states to establish revolving loan funds, offer direct business support, and implement projects designed to create employment opportunities and enhance economic resilience in underserved rural communities.