Lake Country Power helps finance several regional projects

Have a business in need of gap financing for a planned expansion or equipment acquisition? You might try asking your local electric utility provider for the needed funding. Although their primary purpose is providing power to residents and businesses, electric cooperatives also are playing a significant role in funding local economic development projects.

Grand Rapids-based Lake County Power, which has a service area that stretches across parts of eight counties in northeast Minnesota and approximately 43,000 members, helped with funding a number of recent projects. Lake Country Power Public Relations Coordinator Tami Zaun noted; “Electric cooperatives do have connections to federal funding to spur growth in their local service areas.”

Head to Business North to read more.