Jump River Electric
Jump River Electric Cooperative (JREC) is a non-profit electric service provider for rural communities across six Wisconsin counties, including: Barron, Chippewa, Price, Rusk, Sawyer, and Taylor. Their mission is to provide reliable, safe, sustainable, and affordable utility services to the communities they serve. JREC supports economic development in their service territory, and they partner on projects that benefit the local communities.
JREC invites you to discover the Cooperative Difference where their customers – business, residential, and agricultural – are their member-owners. From grassroots development initiatives to existing business expansion, entreprenurial development, and new business attraction, their team is here to assist you in applying for a rural economic development loan.
RURAL ECONOMIC DEVLOPMENT LOAN PROGRAM
Low interest rate gap-financing may be available through Jump River Electric Cooperative to support qualifying business or community development projects.
Eligible Projects and Applicants
- Business/Organizations (for profit, non-profit, commercial, industrial, retail, distribution, agricultural processing, land, buildings, machinery & equipment)
- Community Facilities (infrastructure (sewer, water, streets, rail), business/industrial parks, fire/EMS buildings & equipment, libraries, community centers)
- Health Care & Education (hospitals, clinics, assisted living, child care)
Financing Terms
- Amount – determined on a case-by-case basis by the cooperative board of directors; based on the project and specific loan program requirements
- Rate – typically ranging from 0% to below prime interest rates
- Term – maximum of 10 years
- Security – adequate security as determined by the cooperative board of directors
Application Process
- Contact Jump River Electric Cooperative at 715-532-5524 to discuss your project and begin the loan application process.
Financial Packaging Assistance
- Based on the unique attributes and needs of your project, we will also work to connect you with the right mix of resource providers, including: local financial institutions, local, state & federal economic development incentives, and local, state & federal loans and loan guarantees.
JREC is an equal opportunity provider and employer.
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Testimonials
“When I went to college in the cities, I lost all feeling of community. When I graduated, I knew I needed to get back home to a community that I trusted. Ladysmith is a town where you can bring your car in to Flambeau Auto or Jerry’s and not be worried about them taking advantage of your lack of car knowledge. You can go out to eat at Family Restaurant and the owner and all the waitresses know you by name, or walk into Cedar Lodge and have your favorite drink already set out for you. Being able to graduate college, move back to such a welcoming community that I trust, surrounded by family, while having a great job right out of college? That’s a no-brainer!”
Mariah Stoll
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