U.S. Department of Agriculture (USDA) Rural Development Missouri State Director Jeff Case today announced USDA is awarding a $10 million loan to Grundy Electric Cooperative to improve rural electric service.
“Modernizing, improving, and expanding infrastructure throughout rural America is a necessity for rural prosperity,” said Case. “USDA Rural Development is pleased to partner with Grundy Electric Cooperative and we’re excited for the impact this funding will have in north Central Missouri.”
With this Rural Development investment, Grundy Electric Cooperative will add 379 consumers, build 109 miles of line, improve 80 miles and make other system improvements. Grundy is headquartered in Trenton and serves over 6,700 consumers through over 2,800 miles of energized line in north central Missouri. The cooperative’s service territory includes Grundy, Mercer, Harrison, Sullivan, Putnam, Gentry, Daviess, Linn and Livingston counties in Missouri; and Wayne, Decatur and Ringgold counties in Iowa.
Today’s announcement came as part of a larger nationwide announcement from Assistant to the Secretary for Rural Development Anne Hazlett as she announced that USDA is investing $398.5 million to improve rural electric service in 13 states.
“Reliable and affordable electricity is undeniably a necessity in today’s world,” Hazlett said. “Under the leadership of Secretary Sonny Perdue, USDA is committed to being a strong partner in keeping our rural communities connected to this essential infrastructure.”
USDA is making the investments through the Electric Infrastructure Loan Program. These projects will help improve the quality of life in rural communities in Arkansas, Colorado, Indiana, Iowa, Minnesota, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Texas and Virginia.
The investments USDA is making today include nearly $43.7 million for smart grid technology to increase system efficiencies. Smart grid includes computer applications, two-way machine-to-machine communications, geospatial information systems and other tools to increase the reliability and efficiency of electric power systems.
The Department’s support for rural cooperatives and utilities underscores Secretary Perdue’s priority to promote rural economic development by centering around three principles: infrastructure, partnerships and innovation. Investing in electric infrastructure has increased productivity and improved the quality of life in rural areas for nearly 80 years.
In April 2017, President Donald J. Trump established the Interagency Task Force on Agriculture and Rural Prosperity to identify legislative, regulatory and policy changes that could promote agriculture and prosperity in rural communities. In January 2018, Secretary Perdue presented the Task Force’s findings to President Trump. These findings included 31 recommendations to align the federal government with state, local and tribal governments to take advantage of opportunities that exist in rural America. Increasing investments in rural infrastructure is a key recommendation of the task force.
To view the report in its entirety, please view the Report to the President of the United States from the Task Force on Agriculture and Rural Prosperity (PDF, 5.4 MB). In addition, to view the categories of the recommendations, please view the Rural Prosperity infographic (PDF, 190 KB).
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community services such as schools, public safety and health care; and high-speed internet access in rural areas. For more information, visit www.rd.usda.gov/mo.