Business & Industry
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Business & Industry
Renville Sibley Co-op Power Association Loans
City of Franklin, MN
Category: Renville-Sibley, Community, Cooperatives
The $200,000 0% loan from Renville-Sibley Cooperative loan enabled the city of Franklin, population 510, to complete a wastewater upgrade project by extending services to business and homes in the city.
Franklin 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...
Miss Becky's
Category: Renville-Sibley, Business, Cooperatives
A loan from the REED funds assisted the owner of the Smokey Hollow restaurant in Farifax, MN (population 1,235) to purchase a facility in Fairfax to expand her catering business and hold larger events. Longer range plans include food processing for resale at the same location.
RS Fiber Cooperative
Category: Renville-Sibley, Community, Cooperatives
Renville-Sibley recently closed a $1.5 million loan from the REED Fund to RS Fiber Cooperative of Gaylord, Minn. RS Fiber is a newly-formed cooperative created through a community-driven effort to bring a high-speed fiber-optic connection to everyone in the project area and provide low-cost, reliable high-speed internet, crystal clear video...