Rural economic development grant - electric farm bill
Active Project Grant Awarded
- Award ID
- CLSS00000091241
- Recipient
-
Randolph Electric Membership Corporation UEI MNMRXVQL5B99
- Awarding agency
-
Rural Business Cooperative Services
Washington Office, Department of Agriculture
- Obligated
- $300,000
Award facts
- Assistance listing
- 10.854 Rural Economic Development Loans and Grants
- Completion date 82% complete
- Place of performance
- North Carolina, USA
Award details come from USAspending.gov.
About this award
The U.S. Department of Agriculture's Rural Housing Service awarded a $300,000 Rural Economic Development Loans and Grants (CFDA 10.854) project grant to Randolph Electric Membership Corp, a non-profit electric cooperative in Asheboro, North Carolina. The grant, awarded on March 4, 2025, with a completion date of March 4, 2027, will support economic development initiatives and job creation in rural areas served by the cooperative. Randolph Electric Membership Corp plans to use the funding to conduct feasibility studies, provide start-up funding for local businesses, support business incubator projects, and implement other reasonable economic development activities in its rural service territory. This grant aligns with the REDLG program's objectives of leveraging local utility organizations to drive rural economic growth and enhance community infrastructure.
Quick answers
Who received award CLSS00000091241?
CLSS00000091241 was awarded to Randolph Electric Membership Corporation by Rural Business Cooperative Services (Washington Office) on March 4, 2025.
How much is award CLSS00000091241 worth?
$300,000 has been obligated on CLSS00000091241.
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