Prairie Power Inc. member and
affiliated electric
distribution
cooperatives in
Illinois provide a
variety of business
development
services. These
services include:
•
Community
Development
Assistance
•
New
Business/Industry
Facility Location
Assistance
•
Existing
Business/Industry
Facility Retention
and Expansion
Assistance
•
Project Financing
Assistance
These services are
coordinated by
Prairie Power Inc. and provided
by Prairie Power’s member
and affiliated
systems.
Community
Development
Assistance
Prairie Power member and
affiliated electric
cooperatives are
involved in numerous
local, state and
national economic
development
organizations. These
organizations
include: private,
public and
private/public
sector economic
development
corporations,
foundations,
councils,
commissions,
chambers of
commerce, in
addition to trade
associations.
Through membership
in these
organizations,
Prairie Power and its
affiliates have
knowledge of and
access to local,
regional, state and
national economic
development
professionals,
programs and
resources. Prairie
Power
and its affiliated
cooperatives can
provide direct or
referral technical
and financial
support for:
- Community
Planning
-
Infrastructure
Development
- Leadership
Development
- Property
Development
-
Organizational
Development
- Community
Marketing for
Investment
New
Business/Industry
Location Assistance
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We provide a variety
of new
business/industry
location assistance.
These services
include providing:
• Available Site and
Building Information
• Community/Regional
Demographic
Information
• Local and State
Cost-of-Doing-Business
Data
• Energy Cost
Studies, Equipment
and Services
Information
• Electric
Facilities Planning
and Engineering
Assistance
• Information on
Local, State and
National Financing
and Training
Assistance Programs
• Information on
Business/Industry
Location Incentives
• Information on
Local, Regional and
State Development
Agencies, Their
Contacts, Services
and Programs
• Site, Building
and/or Community
Tours
• Low-Interest
Financing
These services are
provided at no cost
or obligation to
business or industry
officials seeking
assistance to locate
new facilities in
the service areas of
Prairie Power member and
affiliated electric
cooperatives.
Existing
Business/Industry
Assistance
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Prairie Power Inc. member and
affiliated
cooperatives are
committed to the
retention and
expansion of
existing business
and industrial
members.
Business/industry
retention and
expansion assistance
relates to:
• Energy Use and
Billing Consultant
Services
• Electric
Technologies and
Processes
• Power Quality
Diagnostic
Assistance
• Business Facility
Retention or
Expansion
Opportunities
Project
Financing Assistance
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Prairie Power member and
affiliated
cooperatives can
provide access to
local, state and
national financial
assistance programs
and agencies.
Prairie Power cooperatives
also provide
low-interest
financing programs
for new or expanding
business and
industry.
Participation
Loan Program
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Prairie Power and its
member generation
and transmission
cooperative, Prairie
Power
Power Cooperative,
have developed and
implemented a
“Participation Loan
Program” for use
within affiliated
distribution
cooperative systems.
Up to 25 percent of
the total project
cost of a business
expansion or new
facility location
(with a maximum
limit of $300,000)
can be financed by
Prairie Power at a rate of
prime minus 1
percent. The project
must include bank
financing with the
length of loans not
to exceed that of
the financial
lender, the life
expectancy of the
item being financed
or 10 years,
whichever is less.
Program loan funds
can be utilized for
land and building
acquisition,
construction,
facility renovation
and expansion costs,
machinery and
equipment purchases,
furniture and
fixture purchases,
inventory and
working capital. The
project must be
located within the
service territory of
a Prairie Power
distribution
affiliated
cooperative. Loans
are available for
projects utilizing
new electric loads
of 100 kilowatts up
to 3 megawatts
(3,000 kilowatts) of
electricity, with a
minimum of 100
kilowatts required
to participate in
the program.
Additional Loan
Programs
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Select affiliated
distribution
cooperatives of
Prairie Power also offer
low-interest loan
programs for
business/industry
location or
expansion projects.
Loans are available
at highly
competitive rates
and terms. For
further information
on the availability
of these loan
programs, either
contact Prairie
Power
staff or Shelby
Electric
Cooperative.
Available Sites
Inventory
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Prairie Power and its
member and affiliate
electric
cooperatives in
Illinois maintain
business/industry
site and building
inventories. These
property inventories
include:
Sites:
Available acreage,
physical location,
property owners (s),
zoning, terrain,
transportation
system
accessibility,
utility
infrastructure,
sale/or lease price
and terms, available
development
incentives and
aerial photographs.
Buildings:
Available square
feet, physical
location, property
owner(s), physical
features (e.g.
ceiling heights,
floor thickness,
sprinklers, truck
docks, crates,
etc.), land acreage,
zoning,
transportation
system
accessibility,
utility
infrastructure,
sale/or lease price
and terms, available
development
incentives and
interior and
exterior
photographs.
Property tours and
information are
available upon
request at no cost
or obligation.
To view Sites in
Shelby Electric
Cooperative’s
service territory
click here.
For additional
information on
Prairie Power, its
Economic Development
Services and
Business Development
Opportunities,
please contact:
Aaron Ridenour
Manager Marketing &
Business Development
Prairie
Power
2103 S. Main St.
Jacksonville, IL
62651-0610
Phone: (217)
245-6161
Fax: (217) 245-1705
E-Mail:
aridenour@ppi.coop
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