COLUMBIA, December 7, 2010 - The Pee Dee Electric Cooperative of
South Carolina received an award from the US Department of
Agriculture/Rural Development, "For exceptional efforts in
assisting Rural Economic Development in South Carolina utilizing
the Rural Economic Development Loan and Grant Programs
(REDLG)". The award was presented by Vernita F. Dore, South
Carolina State Director, and Douglas Wilson from Rural Utilities
Service, Washington, DC, at the 2010 Winter Conference of Electric
Cooperatives in South Carolina. Toy Nettles, CEO, and William
Fleming accepted the award on behalf of Pee Dee Electric
Cooperative. The conference was held at the Marriott Resort
at Grande Dunes in Myrtle Beach, with the award presentation on
Tuesday, December 7, 2010.
Pee Dee Electric Coop is the largest producer of Rural Economic
Development Loans and Grants in South Carolina, which provides
funds for economic development, such as business incubator
projects, technical assistance, project feasibility studies, and
business expansion. Job creation is encouraged by their
efforts. They have received $4,260,000 in Loans and Grants
which are then passed through to their applicants. South
Carolina has received a total of $16,692,160 in Loans and Grants
under this program.
Pee Dee's recipients include Monster.com, McCall Farms, and
Darlington Technical College.
USDA Rural Development promotes economic development by
providing loan and grant programs to finance and foster growth in
business development, homeownership, and critical community and
technology infrastructure. For more information regarding
USDA Rural Development programs, contact the area office at (843)
669-9686, or by visiting USDA's web site at http://www.rurdev.usda.gov.