How Can An Electric Cooperative Help My Business?
16 Aug 2023
“How can an electric cooperative help my business beyond providing electricity?” Electric cooperatives, like Great River Energy, help businesses in various ways, including:
- Keeping Electricity Rates Affordable: Because we are member-owned, Great River Energy offers competitive and predictable electricity rates, enabling businesses to manage their operational costs more effectively. This stability is especially crucial for small businesses and industries with tight budgets.
- Tailored Energy Solutions: Great River Energy can provide personalized energy solutions, such as load management programs and energy efficiency incentives, to help businesses optimize their energy consumption.
- Financial Incentives: Great River Energy offers financial incentives to attract new businesses or help existing ones expand, stimulating job growth and investment. This includes the USDA Rural Economic Development Loan and Grant Program, Business Expansion Loan Program, and Energy Efficiency and Electrification (E3) Commercial Financing Program.
- Business Advocacy: As member-owned organizations, we advocate for the interests of businesses within our communities. We represent their members' concerns and work with local and state governments to create policies that support business growth and development.
How can an electric cooperative help my business?
Great River Energy, and other electric cooperatives, play a crucial role in supporting businesses by making it more cost-effective to do business. Through affordable electricity rates, loan programs, and other financial incentives, we help businesses lower their operating costs to focus on growth and expansion.
We encourage business owners to contact us to discuss their needs and to discover how an electric cooperative can help their business specifically.