Project Grant CLSS00000118267
- The U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $300,000 Project Grant under the Rural Economic Development Loans and Grants program (CFDA 10.854) to Randolph Electric Membership Corp, an electric cooperative in North Carolina. The grant, awarded on June 25, 2024, supports economic development initiatives in rural North Carolina through activities such as project feasibility studies, start-up costs, business incubator projects, and other reasonable expenses...
- 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...
- This $300,000 Project Grant was awarded on April 22, 2024 by the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Economic Development Loans and Grants program (CFDA 10.854). The funding will support economic development initiatives in rural North Carolina through Tri-County Electric Membership Corp, a non-profit electric cooperative. The grant aims to create and retain employment in the region through project feasibility studies, start-up costs, business...
- Federal Grant Award Summary Blue Ridge Electric Membership Corporation received a $300,000 project grant awarded July 15, 2025, under the Rural Economic Development Loans and Grants (REDLG) program (CFDA 10.854) administered by the U.S. Department of Agriculture's Rural Business Cooperative Services. This two-year award, with completion targeted for July 15, 2027, supports rural economic development initiatives throughout North Carolina. Under this award, Blue Ridge Electric will serve as an...
- Federal Grant Award Summary Blue Ridge Electric Membership Corporation received a $300,000 project grant on April 16, 2026, from the Rural Business Cooperative Services under the Rural Economic Development Loans and Grants (REDLG) program (CFDA 10.854). The grant will support rural economic development initiatives through April 16, 2028. As an eligible utility intermediary, Blue Ridge Electric will serve as a pass-through entity distributing funds to rural businesses and development projects...
- Federal Grant Award Summary Blue Ridge Electric Membership Corporation received a $150,000 Project Grant award on April 16, 2026, under the Rural Economic Development Loans and Grants (REDLG) program (CFDA 10.854), administered by the U.S. Department of Agriculture's Rural Business Cooperative Services. The grant supports rural economic development initiatives through the two-year performance period ending April 16, 2028, and is to be deployed in North Carolina. Under this award, Blue Ridge...
- The U.S. Department of Energy has awarded a $16,402,759 Project Grant under the Grid Infrastructure Deployment and Resilience (CFDA 81.254) program to Randolph Electric Membership Corp, a non-profit electric cooperative in Asheboro, North Carolina. The overarching goal of this 4-year grant, with a period of performance from January 1, 2025 to December 31, 2028, is to engineer, design, and deploy a suite of resiliency-targeted grid system upgrades. These upgrades are intended to improve service...
- Federal Grant Award Summary Blue Ridge Electric Membership Corporation received a $250,000 Project Grant from the Rural Business Cooperative Services (RBCS) under the Rural Economic Development Loans and Grants (REDLG) program (CFDA 10.854) on July 15, 2025, with a completion date of July 15, 2027. The grant supports rural economic development initiatives in North Carolina through Blue Ridge Electric, which functions as a pass-through intermediary utility organization. Grant-funded activities...
- This federal Project Grant award for $300,000 was provided by the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Economic Development Loans and Grants (REDLG) program (CFDA 10.854). The award, granted on July 2, 2024, supports economic development initiatives in rural North Carolina communities through Blue Ridge Electric Membership Corporation, a non-profit electric cooperative. Through this two-year grant, Blue Ridge Electric Membership Corporation will...
- The U.S. Department of Agriculture's Rural Business Cooperative Services office awarded a $280,000 Rural Economic Development Grant (CFDA 10.854) to Surry-Yadkin Electric Membership Corp, a non-profit rural electric utility cooperative in North Carolina. The grant funding, to be delivered over a 2-year period from August 2023 to August 2025, will support Surry-Yadkin Electric Membership Corp's projects to promote economic growth and job creation in the rural communities it serves across North...
Randolph Electric Membership Corp received a $300,000 project grant from the Rural Business Cooperative Services under the Rural Economic Development Loans and Grants program (CFDA 10.854) effective April 16, 2026 through April 16, 2028. As a pass-through intermediary, the nonprofit electric cooperative will deploy these zero-interest funds to support rural economic development initiatives and job creation within its service territory in central North Carolina. The grant funding is intended to establish or enhance the cooperative's capacity to provide financing mechanisms for eligible rural business projects, including feasibility studies, business start-up costs, and business incubator initiatives. The cooperative will administer these funds as revolving loan capital distributed to rural businesses and development projects throughout Randolph Electric's service area. This funding mechanism leverages the cooperative's existing infrastructure and relationships with local businesses to facilitate sustainable economic development in underserved rural communities. The award aligns with the federal program's objectives of channeling capital through local utility organizations to ultimately reach rural entrepreneurs and projects with demonstrated potential for employment generation and economic growth.Federal Grant Award Summary
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $300.0k | 4/16/26 |