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Economic Development

Banner Photo Economic Development.PNG

Utilizing funds received from USDA's Rural Economic Development program, Jackson Electric has established a Revolving Loan Fund (RLF). Low rate loans are available to qualifying businesses for expansion projects or start-ups. Please contact our office for more information.

 

Purpose

The Board of Directors and employees of Jackson Electric Cooperative are concerned with the economic development and well being of the rural communities they serve. This revolving loan fund is established by the cooperative to further the public purpose of economic development through joint public and private investments consistent with the objectives of this fund.

Objectives
  1. To create or save quality, permanent jobs
  2. To diversify the rural economy
  3. To encourage new capital investment
  4. To improve rural infrastructure
  5. To enhance the rural quality of life

 

Policy

Jackson Electric Cooperative will accept and consider applications for loans from the RLF that will significantly benefit rural areas, without restriction to the cooperative's service area.

Jackson Electric Cooperative will not condition the approval of a loan from the RLF with the requirement that the prospective recipient take electric service from the cooperative.

The Board of Directors of Jackson Electric Cooperative is the sole authority for approval or denial of loans from the RLF and is responsible for all decisions and actions of the RLF. The RLF will be operated and maintained solely by the cooperative.

It is the intent of Jackson Electric Cooperative that funds from the RLF program may serve as either a gap source or an alternative source of financing for economic development projects. It is not the intent of Jackson Electric Cooperative to compete with other available public and/or private lenders. Jackson Electric Cooperative may choose to work with other public and private lenders to maximize the leverage of the RLF dollars on a project-by-project basis. Jackson Electric Cooperative may also choose to fund a project in its entirety on a project-by-project basis.

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©2023 Jackson Electric Cooperative. All Rights Reserved

  • My Account
    • Capital Credits
    • Energy Assistance
    • Idle Service
    • Landlord/Tenant
    • New Members
    • Service Disconnect
    • Tax Exempt
  • Payment Options
  • Electric Service
    • Construction
      • Electric Heat Options
      • Electric Service Inspection
      • New Commercial Construction
      • New Residential Construction
      • Service Rates
      • Service Upgrade
    • Power Outage
      • Generators
      • Load Reduction Event
      • Report an Outage
    • Safety
      • Diggers Hotline
      • Electrical Safety Education
      • Vegetation Maintenance
  • Energy Solutions
    • Rebates and Programs
      • Dairy Farm Rewiring Program
      • Dual Fuel Program
      • Rebates and Incentives
      • Water Heater Program
    • Green Power
      • Distributed Generation
      • Evergreen Program
      • Electric Vehicles
      • JacksonSolar LLC
  • Your Cooperative
    • Cooperative Information
      • Bylaws and Mission
      • Careers
      • Directors
      • Contact Us
    • Member Communications
      • E-Connect Digital Newsletter
      • Update Contact Information
      • Use Energy Wisely
      • Wisconsin Energy Cooperative News
    • Community
      • Cooperative Test Plot
      • Economic Development
      • Electric Youth Tour
      • Scholarships
      • Youth Ambassador Program
      • Youth Leadership Congress