(WASHINGTON) -- Brunswick Electric Membership Corporation will receive a $1,000,000 no interest federal loan as part of an initiative to spur economic development and create jobs in rural communities. BEMC will in turn provide financing to Rural Consumer Services Corporation, which will then utilize the funds as working capital to complete energy efficiency improvements.

"This funding will help rural businesses obtain the financing they need to thrive, grow and create jobs," said Agriculture Secretary Tom Vilsack.

The USDA awarded seven grants or loans to organizations in six states.  BEMC was the only recipient in North Carolina.