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Dakotas Projects Getting Aid From Federal Ag Dept

February 10, 2014, 6:08 AM

BISMARCK, ND -

Three rural cooperatives and one city in the Dakotas are getting money through a federal Agriculture Department effort to invest in rural businesses and spur economic development.

Nearly $17.6 million in loans and grants is going to projects in 15 states and the Northern Mariana Islands.

In North Dakota, Dakota Valley Electric Co-op is getting a $1 million loan for a manufacturing building, and Minn-Dak Farmers Co-op is getting a $1 million loan to buy equipment to process molasses byproducts.

In South Dakota, Lake Region Electric Association is getting a $300,000 grant for an economic development loan fund, and the city of McLaughlin is getting a $42,455 grant for equipment for a local youth organization.

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