Redl - telecom grant

The Department of Agriculture Rural Business Cooperative Services awarded $300,000 to The Readlyn Telephone Company on June 8, 2026, under the Rural Economic Development Loans and Grants program (CFDA 10.854). The award is designated as a Rural Economic Development Loan and Grant (REDL) Telecom Grant. The recipient, Readlyn Telephone Co, operates in Iowa. Performance runs through June 8, 2028. The Rural Economic Development Loans and Grants program provides funding for rural projects through local utility organizations to promote economic development and job creation, with USDA distributing zero-interest loans to local utilities that pass funding through to eligible rural economic development projects. Readlyn Telephone Company qualifies as an eligible intermediate recipient under the program as a current or former Rural Development Telecommunication Programs borrower with an active loan outstanding and no delinquent federal debt or bankruptcy status.