Iinvestments have brought new economic opportunities
Agriculture Secretary Tom Vilsack today announced that USDA is investing more than $518 million in rural electric cooperatives to improve the delivery of electric power to communities in 15 states. This funding is part of nearly $50 billion that USDA has invested in infrastructure improvements since 2009.
"We must invest in America's infrastructure to promote sustainable economic development in our rural and urban communities," Vilsack said during a White House summit on infrastructure financing. "Enhancements to the nation's electric grid make a huge difference for communities across the country and support President Obama's efforts to build a stronger rural economy."
More than $23 million in today's funding is targeted for smart grid improvements, which better manage and increase efficiencies in our nation's electric system. Smart grid technologies, such as automated meter reading and load management automation, allow for more efficient control over the use of power to better meet customers' needs. USDA has a long history, dating back to 1935, of working with rural utilities to deliver infrastructure and service improvements. Through the years, these investments have brought new economic and social opportunities and have enhanced the quality of life in the nation's rural communities.
The investments announced today are provided through USDA's Rural Utilities Service (RUS), which also administers infrastructure programs that bring broadband, safe drinking water and improved wastewater treatment facilities to rural communities.