Business LoansFranklin Industries
Category: Renville-Sibley, Business, Cooperatives
The Cougar Cub Child Care and Franklin Community Center are opening their doors in Franklin, Minnesota with the help of a Rural Economic Electric Development (REED) loan through Renville-Sibley Cooperative Power Association. Renville-Sibley Cooperative was one of three lenders to the daycare and community center.
The project is the result of a community effort to address childcare shortages and to create a space where people can gather. Community leaders worked in conjunction with the local school district and formed Franklin Industries, an entity that acquired the project’s funding.