Abstract:
North Carolina’s electric cooperatives have channeled $52 million to more than 100 projects across the state since the Rural Economic Development Loan and Grant (REDLG) program began in 1989. The REDLG program provides rural utilities with grants and zero-interest loans to directly fund local projects that create and retain employment in the communities they serve. One recent example was the $995,00 grant to the Gunn Memorial Public Library in Caswell County.