Rural Economic Development Loans and Grants
Rural Economic Development Loans and Grants (REDLG)
Description
Provides zero-interest loans and grants to Rural Utilities Service borrowers to promote rural economic development and job creation projects.
Loan and Grant Purposes
Funds are passed on to third party borrowers as zero-interest loans for projects that create jobs in rural areas, or that provide infrastructure or community facilities in rural areas that will lead to economic stability.
Who Is Eligible
Rural Utilities Service Electric and Telephone borrowers with outstanding loans, and not delinquent on loans, are eligible.
Other Loan and Grant Criteria
Applications are scored on job creation potential, sustainability of projects, suitability of project to the area, diversification of employment in the area, amount of supplemental funds, relative income, and employment levels.
McLean Electric is currently working with St. Alexius and the Washburn Family Clinic to provide funding for new electronic records system, Please contact us for more information and an application for your project.
Note: The documents marked in PDF format require Adobe Acrobat Reader. You can download Acrobat Reader free of charge from Adobe's web site. This is a safe, fast and easy installation.
