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 Tri-County Electric Membership Corp in North Carolina. The grant funding supports economic development initiatives in rural communities through project feasibility studies, start-up costs, business incubator projects, and other reasonable expenses fostering rural development. This award enables Tri-County Electric Membership Corp to establish revolving loan funds, provide direct financial support to local businesses, and implement projects designed to create employment opportunities and enhance economic resilience in rural areas. The performance period for this grant is 24 months, from the award date of December 5, 2024 through the ultimate completion date of December 5, 2026.
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