Program Description

Rolling Hills Electric Cooperative Inc. (Rolling Hills) has applied for and obtained a grant from the Rural Business and Cooperative Development Service through the Rural Economic Development Loan and Grant Program (REDLG) with the following purposes and objectives in mind:

1. To assume a supportive role in rural economic development by collaborating with local communities, organizations, and business and industry leaders to create new job opportunities and diversify our existing agriculturally based economy.
2. Provide a source of potential capital to assist with rural economic development.
3. To provide opportunities for job creation and retention in an environmentally safe and controlled fashion.
4. Work with County and City Economic Development Committees to attract new businesses, industry, and jobs to our rural area.
5. Assist existing business in expansion of job opportunities.
6. Work with existing business to make operations more efficient thus encouraging expansion.
7. To encourage and strengthen self-employed and home-based businesses and promote their possible expansion.
8. Explore opportunities with Small Business Development Corporations and Community Development Corporations as well as other economic development groups that commercialize the production of speciality items produced by small to medium-sized businesses.

Eligible Applicants  

Eligible Projects

Financing

Keep in Mind

It is the intent of Rolling Hills that funds from the Revolving Loan Fund (RLF) program serve as seed money to generate economic development.  Rolling Hills will work with local lenders and others to maximize the leverage of the RLF dollars so that the result is the maximum possible economic development. It is further intended that Rolling Hills use the RLF program to supplement, but not compete with, capital that may already exist within the communities.

How to Apply

Download Application: www.rollinghills.coop/RLF 

Availability: Immediate until funds exhausted

Contact: Lisa Colson, Member Services, 785-534-1601, lcolson@rollinghills.coop