Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Tribal energy loan program starts more than a decade after its OK


September 10, 2018

WASHINGTON — More than 10 years after it was first approved, a federal loan program for tribal energy development projects will accept its first applications next month.

The Department of Energy in July said it was accepting applications for projects under the $2 billion Tribal Energy Loan Guarantee Program, which will provide “partial loan guarantees to leverage private sector lending” for a range of energy projects by tribes.


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