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CURRIE — The city of Currie was recently given a zero-percent interest loan of $158,991 to build a new fire hall, through Nobles Cooperative Electric and the U.S. Department of Agriculture's Rural Economic Development Loan and Grant program.
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. It is available for those who apply through a Rural Utilities Service borrower, such as NCE.
The USDA provides these funds to local utility organizations to establish revolving loan funds.
As the city of Currie pays back its loan, this money goes into a revolving loan fund to assist other organizations with economic development.
“We are thrilled to be able to facilitate this loan,” said NCE General Manager Adam Tromblay. “It is important for us to invest in our rural communities. The cooperative is happy to act as the intermediary through the USDA REDLG programs.”
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NCE provides electric service to 6,900 members in Murray and Nobles counties.
