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REDL&G Program

Garkane's Board of Directors and Management have reviewed a multitude of ideas to assist with the economic development within its service territory. The biggest obstacle, however, for economic development has been funding. 

The following program can help a community's economic development plan become a reality. The Rural Economic Development Loan & Grant program (REDL&G - pronounced REDLEG) provides USDA loans and/or grants to Rural Utility Service borrowers (like Garkane Energy) who are willing to pass-through those funds to worthy economic development projects within Garkane's service area. From the creation of jobs to the maintenance of public health, REDL&G is a flexible financing resource that channels federal loans and grants through rural utilities to economic development and job creation projects. 

The main purpose of the REDL&G program is to provide new or existing business with low interest financing. Such financing can enable a business to get off the ground and flourish. Garkane servces as a facilitator with USDA to assist qualifying businesses with the resources to make economic development plans a reality. A scoring sheet is attached detailing scoring factors for your review. 

REDL&G Application - Return completed application to: Garkane Energy attn:Neal Brown 1802 S. Hwy 89a Kanab, UT 84741 or email it to neal.brown@garkane.com

REDLG intermediaries pass the funding to ultimate recipients on to eligible projects. Examples of eligible projects include:

  • Business incubators
  • Community development assistance to nonprofits and public bodies (particularly job creation or enhancement)
  • Facilities and equipment for education and training for rural residents to facilitate economic development
  • Facilities and equipment for medical care to rural residents
  • Start-up venture costs, including, but not limited to financing fixed assets such as real estate, buildings (new or existing), equipment, or working capital
  • Business expansion
  • Technical assistance

     

 

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