The U.S. Department of Agriculture Rural Housing Service awarded a $300,000 Project Grant under the Rural Economic Development Loans and Grants program (CFDA 10.854) to the Wright-Hennepin Cooperative Electric Association in Minnesota. The funding will support the organization's efforts to promote rural economic development and job creation through project feasibility studies, start-up costs, business incubator projects, and other reasonable expenses designed to foster rural development. The 2-year award period runs from December 5, 2024 to December 5, 2026. As an electric cooperative, Wright-Hennepin Cooperative Electric Association will channel these grant resources to stimulate economic growth and employment opportunities in underserved rural regions, consistent with the program's objectives of leveraging local utility organizations to drive rural economic development initiatives.
Generated 3/4/25, 8:42 AM