Rural economic development grant - electric farm bill

Active Project Grant Awarded

Award ID
CLSS00000088679
Recipient
Awarding agency
Obligated
$300,000

Award facts

Assistance listing
10.854 Rural Economic Development Loans and Grants
Completion date 95% complete
Place of performance
Missouri, USA

Award details come from USAspending.gov.

About this award

The U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $300,000 Rural Economic Development Grant (CFDA 10.854) to Northeast Missouri Electric Power Cooperative, doing business as North East Power, for a two-year project period ending on December 3, 2026. This federal grant funding supports rural economic development initiatives in northeast Missouri, including feasibility studies, business start-up costs, and business incubator projects aimed at job creation and economic expansion in the region. As a rural electric cooperative, North East Power is eligible to receive these zero-interest USDA loans and grants, which it can then pass through to local businesses and communities to stimulate economic growth and development. The cooperative has a history of consistently securing federal grant funding through this program to deliver critical initiatives that benefit rural areas.

Quick answers

Who received award CLSS00000088679?

CLSS00000088679 was awarded to Northeast Missouri Electric Power Cooperative by Rural Business Cooperative Services (Washington Office) on December 3, 2024.

How much is award CLSS00000088679 worth?

$300,000 has been obligated on CLSS00000088679.

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