by Talk Business & Politics staff (staff2@talkbusiness.net)
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced Monday (Jan. 30) the department is investing $2.7 billion to help 64 electric cooperatives and utilities expand and modernize the nation’s rural electric grid and increase grid security.
Three of those projects will be in Arkansas. USDA will allocate $137.235 million for those projects. A timetable for completing the projects was not released.
“These critical investments will benefit rural people and businesses in many ways for decades to come,” Vilsack said. “This funding will help rural cooperatives and utilities invest in changes that make our energy more efficient, more reliable, and more affordable. Investing in infrastructure – roads, bridges, broadband and energy – supports good-paying jobs and keeps the United States poised to lead the global economy.”
