Below is a press release from Congressman Bennie G. Thompson:
United States Representative Bennie G. Thompson (D-MS) recently announced the U.S. Department of Agriculture has awarded loan funds to the following:
| RECIPIENT/LOCATION |
AMOUNT |
PROGRAMS |
PURPOSE |
| Central Electric Power Association/ Carthage, MS |
$1,000,000 |
Rural Economic Development Loan and Grant Program |
This Rural Development investment will be used to provide Central Electric Power Association the ability to relend to Mississippi Band of Choctaw Indians (MBCI) to assist them in the making improvements to several commercial and industrial facilities owned by MBCI. |
| Cottonseed Co-Op Corporation/ Jonestown, MS |
$4,000,000 |
Business and Industry Loan Guarantees |
This Rural Development investment will be used to help Cottonseed Co-Op refinance existing debt and pay off accounts payable. The debt refinance will improve the terms of the debt by lowering the interest rate and reducing the borrower's annual debt service obligations. |
