Electric Programs |
Electric Programs >> Success Stories Rural Development Electric Programs According to USDA Economic Research Service (ERS) estimates, 23 jobs are created for every $1 million of Federal investment in electric infrastructure. Using a standard formula based on the U.S. Department of Commerce's Bureau of Economic Analysis, and accepted output and employment multipliers, the yearly advances for the USDA Rural Development's Electric Programs are estimated to create jobs as shown below:
Examples of Local Successes *Note: Many of the examples were a result of the Rural Economic Development Loan and Grant Program (REDLG), which was originally implemented under the Rural Electrification Administration. After USDA reorganization in 1995, the REDLG was transferred to the Rural Business-Cooperative Service, also under the USDA Rural Development Mission Area. Electric Programs borrowers (as well as Telecommunications Programs borrowers) are eligible to receive funding for economic development, due to their status and financial standing as Utilities Programs borrowers. Also, the USDA Rural Development's Utillities
Programs do not directly finance many of the programs and activities
listed, as they do not meet the criteria established by the Rural Electrification
Act. However, without the support of the Utilities Programs, many of
the borrowers would be unable to participate or actively support the
community and economic development projects listed below. Without the
active participation of borrowers in these efforts, many parts of rural
America would not be participating in America's current economic revival.
Improving the quality of life in rural America is a central theme that
serves as a beacon to guide many Utilities Programs borrowers. Select a state for detailed information
|