|
Smyrna/Clayton Sun-Times
  • DEMEC awarded state’s first Rural Economic Development Loan

  • The Delaware Municipal Electric Corporation (DEMEC) was the first business in Delaware to be awarded a Rural Economic Development Loan, which will provide the company with $593,120 with no interest for 10 years.
    • email print
      Comment
  • The Delaware Municipal Electric Corporation (DEMEC) was the first business in Delaware to be awarded a Rural Economic Development Loan, which will provide the company with $593,120 with no interest for 10 years.
    DEMEC will loan funds to seven rural municipalities – Middletown, Smyrna, Clayton, Dover, Milford, Seaford and Lewes – to convert street lights to LED lighting.
    The loan, which is provided by USDA Rural Development, will fund the installation of 700 new LED street lights, which will save customers money and reduce carbon dioxide emissions.
    “Saving energy is a common-sense way to lower energy costs, help the environment and boost our nation’s energy security,” U.S. Sen. Chris Coons (D-Del.) said. “Energy efficiency is an enormous opportunity that more communities should be taking advantage of. “
    DEMEC President and CEO Patrick McCullar said the project is a great example of the company’s mission.
    “DEMEC is very happy to participate in this joint effort of federal, state and local organizations.”
    Rep. John Carney (D-Del.) said the project is a prime example of what multi-level partnerships can achieve.
    “This project is a great example of federal and local partners working together to support jobs, enhance public safety and protect the environment,” Carney said. “Improvements like this shine a light on the many unique and attractive things Delaware towns offer for residents, visitors and businesses.”

        calendar