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N.C. receives USDA funding for energy efficiency improvements
Story Date: 8/23/2012
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Source: USDA, 8/22/12
Agriculture Secretary Tom Vilsack today announced the selection of recipients for grants and loans to help spur economic development and create or save jobs in six states.
"This funding will help rural businesses obtain the financing they need to thrive, grow and create jobs," Vilsack said. "These grants and loans are part of the Obama Administration's ongoing commitment to ensure that rural communities attract capital investments that lead to business development and job creation."
The announcement was made in North Carolina on the Secretary's behalf by Under Secretary for Rural Development Dallas Tonsager. USDA Rural Development is providing assistance through the Rural Economic Development Loan and Grant program (REDLG), which provides zero-interest loans to local utilities that they, in turn, pass through to local businesses for projects to create and retain employment in rural areas. For more information about the program, please visit http://www.rurdev.usda.gov/BCP_redlg.html.
Brunswick Electric Membership Corporation in Brunswick County, NC, has been selected to receive a $1 million loan to help the Rural Consumer Services Corporation complete energy efficiency improvements. The funding is expected to create nine, full-time direct jobs and save an additional three full-time jobs.
With today's announcement, USDA is investing nearly $3.6 million to spur economic growth.
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