USDA announces rural infrastructure investment, including Missouri

| November 2, 2017
Print Friendly, PDF & Email

WASHINGTON — Agriculture Secretary Sonny Perdue has announced that $2.5 billion will be invested in rural electric infrastructure improvements. This investment is expected to create jobs and support economic growth is 27 states, including Missouri.

According to a news release, these loans are being provided through the USDA Rural Development’s Electric Program.

Perdue stated, “These significant investments will help develop and maintain modern, reliable electric infrastructure that businesses and rural communities need in a 21st Century economy,” Perdue said. “The loans I am announcing today will help utilities and cooperatives build new transmission and distribution lines, upgrade networks and facilities, and better manage the power grid.”

In Missouri, four six different co-ops will be able to make upgrades because of this program. Recipients include:

  • Associated Electric Co-op, Clifton Hill
  • Central Electric Power Co-op, Jefferson City
  • New-Mac Electric Co-op, Neosho
  • Barry Electric Co-op, Cassville
  • Southwest Electric Co-op, Bolivar
  • Howell-Oregon Electric Co-op, West Plains

Each co-op plans on using this funding for a variety of upgrade ranging from line building and improvement to system upgrades.

“We are extremely pleased that USDA is making such a major investment in rural development and infrastructure through new loans to America’s electric cooperatives,” said Jim Matheson, CEO of the National Rural Electric Cooperative Association in a news release.

Matheson added, “USDA is an important partner helping us illuminate rural America and empower the communities we serve. That partnership is critical to co-ops’ ability to maintain, expand and improve rural electric infrastructure.”

Tags: , , , , , , , , , , , , , , ,

Category: Farm, Farm News

About the Author ()