Economic Development

Economic Development

We’re dedicated to powering our communities in more ways than one. In addition to providing safe, reliable and affordable power, we’re investing in innovative energy projects and economic development activities that boost regional vitality, and help our members grow and thrive.

We provide a wide array of support for businesses seeking to start, expand, or relocate to the Tar Heel State. These include:

  • Assistance with site and building identification
  • Energy audit services
  • Assistance with market research
  • Flexibility in rate design
  • Power quality services
  • Loan and grant assistance
  • Demographic analysis

North Carolina’s electric cooperatives are a national leader in channeling funds from the U.S. Department of Agriculture’s Rural Economic Development Loan and Grant (REDLG) program to rural North Carolina. These zero-interest loans can be used to assist with various improvements including fire and rescue, police protection, public buildings and community facilities, and other economic development projects.