Project Grant CLSS00000118792
- Randolph Electric Membership Corp received a $300,000 Project Grant award from the Rural Business Cooperative Services (RBCS) under the Rural Economic Development Loans and Grants program (CFDA 10.854) on April 16, 2026, with a completion date of April 16, 2028. As a local utility organization and eligible pass-through intermediary, the cooperative will utilize these zero-interest funds to support rural economic development initiatives within its service territory in North Carolina. The grant...
- 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...
- Federal Grant Award Summary Blue Ridge Electric Membership Corporation was awarded $300,000 in federal project grant funding on May 28, 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 award, with a completion deadline of May 28, 2028, supports the organization's role as an intermediary utility in distributing zero-interest financing to rural economic...
- Federal Grant Award Summary Blue Ridge Electric Membership Corporation received a $300,000 Project Grant on May 28, 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, with an ultimate completion date of May 28, 2028, supports rural economic development and job creation initiatives within Blue Ridge Electric's service territory in North Carolina. As an...
- Federal Grant Award Summary Blue Ridge Electric Membership Corporation received a $300,000 Project Grant 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 award supports a two-year performance period concluding April 16, 2028, and is directed toward rural economic development initiatives in North Carolina. As an eligible local utility organization,...
- 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...
- 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...
- 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 $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...
Randolph Electric Membership Corp received a $300,000 Project Grant on May 28, 2026, from the Rural Business Cooperative Services (RBCS), administered under the Rural Economic Development Loans and Grants program (CFDA 10.854). This award supports the awardee's capacity to serve as a pass-through intermediary, distributing zero-interest financing to rural economic development projects and businesses within its service territory in North Carolina. The two-year performance period extends through May 28, 2028. The funding enables Randolph Electric Membership Corp to establish or expand a Revolving Loan Fund that facilitates access to capital for eligible rural businesses and development initiatives. As a nonprofit electric cooperative and eligible Rural Development borrower, the organization leverages this grant to administer financing mechanisms that support rural entrepreneurship, job creation, and economic development activities such as business feasibility studies and start-up costs. This award reflects the program's design to channel federal resources through local utility organizations as trusted intermediaries to reach underserved rural communities and catalyze sustainable economic growth.Federal Grant Award Summary
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $300.0k | 5/28/26 |