News Release
Release No.STELPRD4016892
ContactLarry Yerich(907) 271-2424 ext. 125
(JUNE 25, 2012) USDA-RURAL DEVELOPMENT’S RURAL ENERGY FOR AMERICA PROGRAM GRANT FUNDS 10 PROJECTS
Anchorage, Alaska, Jun 25, 2012 --

@@ USDA-RD Alaska State Director Jim Nordlund today announced Rural Energy for America Program (REAP) grants totaling $128,000 have been awarded to 10 rural small businesses across Alaska.

These grants are awarded to help to implement renewable energy and energy efficiency measures into an agriculture producer or small business’ operation. REAP grants represent 25 percent of a project’s total cost. The funds awarded today represent another $500,000 invested in Alaska’s energy efficiency and renewable energy efforts. Under this administration, USDA Rural Development Alaska has awarded over $1,292,000 in REAP grants, which represents an investment of over $5,170,000.

“These grants help businesses lower their overhead costs and become more profitable,” Nordlund said. “Promoting renewable energy and state-of-the-art energy efficiency measures has a ripple effect that goes far beyond the businesses and individuals who receive these grants. It helps create jobs, promotes U.S. energy independence and expands the market for home-grown energy sources,” he added.

These grants will support the installation of wind, solar, or energy efficiency improvements for the following businesses:

    • Soldotna Investors

    • Ridgeway Preschool

    • Four D Professional Buildings/Daniel Mortenson

    • VBS Heating Products

    • Bear Mountain Lodge, LLC

    • PBI Alaska Inc/Alagnak Lodge

    • Alaska’s Point of View/Debra Hafemeister

    • Homer Theatre

    • The Lodge at Black Rapids

    • Homestead Enterprises, Inc.

USDA-Rural Development administers and manages utilities, housing, business and community facility programs through a national network of state and local offices. Rural Development has an existing portfolio of more than $165 billion in loans and loan guarantees.

The Obama Administration has set goals of modernizing infrastructure by providing affordable health care, expanding educational opportunities for students in rural areas, and providing broadband access to 10 million Americans. These programs are designed to improve the economic stability of rural communities, businesses, residents and improve the quality of life in rural America.

For more information, visit http://www.rurdev.usda.gov

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