FACT SHEET: President Biden Visits Westby, Wisconsin, Announces $7.3 Billion for Clean, Affordable, Reliable Electricity for Rural America; The Largest Investment in Rural[...]

Today, President Biden will travel to Westby, Wisconsin to announce $7.3 billion for clean, affordable, reliable electricity for rural America, funded by his Inflation Reduction Act - this is part of his series designed to demonstrate how the Biden-Harris Administration's Investing in America agenda is improving the lives of Americans across the country and planting the seeds of a better future for decades to come. The investment announced today is the largest investment in rural electrification since the New Deal and is part of the President's Investing in America agenda, which is lowering costs, creating jobs and bringing new opportunity to communities and families across the country.

The President will announce the first round of rural electric cooperatives selected and the first award for the U.S. Department of Agriculture's Empowering Rural America (New ERA) program, funded through the Inflation Reduction Act. This program helps rural electric cooperatives transition to clean, affordable, and reliable energy and distribute that power to communities, businesses, farms, and families across Rural America. These investments will lower energy costs by up to hundreds of dollars per year for millions of homes and businesses, tackle the climate crisis by reducing greenhouse gas emissions, and create thousands of jobs and new economic opportunities in rural America.

President Biden to Announce $7.3 Billion from the New ERA Program

Today, USDA announced that 16 rural electric cooperatives are being selected to receive up to $7.3 billion in clean energy financing that will deliver clean, more affordable and more resilient electricity to approximately 5 million rural co-op members representing 20 percent of rural households, farms, businesses and schools. These 16 cooperatives will benefit rural residents across 23 states, serving farmers, small businesses, and rural communities in Alaska, Arizona, California, Colorado, Florida, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Montana, Nebraska, New Jersey, New Mexico, Nevada, North Dakota, Ohio, Pennsylvania, South Dakota, Texas, Wisconsin, and Wyoming.

These first 16 co-ops will leverage $7.3 billion from the Inflation Reduction Act into a total investment of more than $29 billion in rural communities across the nation. Thanks to the New ERA program, co-ops will build or purchase over 10 gigawatts of clean energy and make enabling investments in areas including transmission, substation upgrades, and distributed energy resource management software that will lower energy costs for rural Americans and enhance grid performance, resiliency, and reliability.

This financing will reduce electricity bills for rural families and businesses, who for too long have faced higher energy costs than the rest of the country due to the challenges of providing electricity in rural and remote areas. The New ERA program is helping rural cooperatives overcome barriers to upgrading infrastructure and investing in newer, lower cost electricity projects.

These New ERA investments will support more than 4,500 permanent jobs and over 16,000 construction jobs. They will also prevent at least 43.7 million tons of greenhouse gas pollution annually, equivalent to removing pollution from more than 10 million gas-powered cars every year.

In Wisconsin, Dairyland Power Cooperative is receiving the first New ERA award of nearly $573 million, which they will leverage for a total project investment of $2.1 billion. Dairyland plans to procure 1,080 megawatts of renewable energy through eight wind and solar power purchase agreements, four solar installations, and four wind power installations across rural portions of Wisconsin, Iowa, Minnesota, and Illinois. Dairyland estimates that electric rates for their members will be 42% lower over 10 years than they would have been without New ERA funding.

President Biden's Investing in America Agenda is Lowering Costs, Making the Largest Investment in Rural Electrification Since the New Deal

The Inflation Reduction Act invests nearly $13 billion in rural electrification across multiple programs-the largest investment in rural electrification since the New Deal. In addition to today's New ERA announcement:

• The Powering Affordable Clean Energy (PACE) program, created by the Inflation Reduction Act, funds new clean energy projects and energy storage in rural America. The program provides low-interest loans with up to 60% loan forgiveness to renewable energy developers, rural electric cooperatives and other rural energy providers for renewable energy storage and projects that use wind, solar, hydropower, geothermal and biomass. By using renewable energy, PACE projects will make it more affordable for people to heat their homes, run their businesses and power cars, schools, hospitals and more. To date, USDA has announced more than $665 million of investments selected to proceed under the PACE program.

• The Rural Energy for America Program (REAP), which was expanded through the Inflation Reduction Act, provides grant and loan financing to agricultural producers and rural small businesses for renewable energy systems - like solar panels - or to make energy efficiency improvements. During the Biden Administration, REAP has invested $2.2 billion across over 7,600 projects across the country.

These investments in rural electrification will help build new electricity generation projects and meet growing demand, which will help power the manufacturing renaissance driven by the Investing in America agenda.

President Biden's Investing in America Agenda is Ensuring a Brighter Future for Wisconsin Communities and Families

Today's announcement builds on historic progress all around Wisconsin thanks to the Biden-Harris Administration's Investing in America agenda. Since the President and Vice President took office, the Administration has announced $7.2 billion in federal funding, which has catalyzed an additional $5.1 billion in private sector commitments to invest in manufacturing and clean energy across the state. The Investing in America agenda is rebuilding roads and bridges using Made in America materials and American workers. It is bringing back jobs in industries that spent decades outsourcing. And it's reaching communities in every corner of the state, including those that have too often been left behind.

At the beginning of his term, President Biden traveled to La Crosse, Wisconsin - just down the road from Westby - to sell Americans on his plans for a better future. Now, three years later, the President has delivered on the vision he outlined laying the groundwork for a better future for all Wisconsinites for decades into the future:

• The President talked about the need to repair roads and bridges to enhance safety and to save time and money for Americans. Since then, the Administration has announced over $4 billion for transportation investments for over 350 specific projects, including the construction of three new roundabouts on US 14 and South Avenue, and the County Highway M bridge over the La Crosse River being replaced right now in West Salem.
• The President talked about the need to eradicate lead pipes. Since then, we've announced $9 billion nationwide, including over $200 million in Wisconsin, to replace lead pipes. That funding is already accelerating efforts in cities like Milwaukee, which is now on track to replace all lead pipes within 10 years instead of 60 years thanks to funding from President Biden's Bipartisan Infrastructure Law. We also issued a proposed rulemaking to achieve 100% Lead Pipe Replacement nationwide within a decade.
• The President talked about the need to expand high-speed internet so that kids can do their homework from home, and farmers can grow their business with easy access to internet. Since then, 72,000 additional homes and small businesses have been connected (nearly 30% of the total unserved in the state) and the state has been awarded $1.6 billion for high-speed internet to finish the job and connect all remaining unserved homes and small businesses by 2030.
• The President talked about the need to address dangerous chemicals, known as PFAS or "forever chemicals"-that plagued communities like La Crosse's French Island. Since then, President Biden created the first-ever National Standard to Address PFAS in Drinking Water and through his Bipartisan Infrastructure Law has made $9 billion available nationwide to address PFAS and other emerging contaminants.
• The President talked about the need to bring good paying jobs to rural communities so that families can build wealth and opportunity in rural hometowns and their children don't have to leave to get a job. Since then, we've expanded the Rural Partners Network to better deliver federal resources to five community networks in rural Wisconsin. By hiring federal staff from within the communities to work with local leaders, over $320 million of federal investments are now helping to build strong and vibrant rural economies.
• The President talked about the need for investments to propel America into the future and bringing economic opportunity to every region of the country. Since then, the Biden-Harris Administration has designated 31 Tech Hubs across the country, including the Wisconsin Biohealth Tech Hub, which received $49 million to position Wisconsin as a global leader in personalized medicine while expanding support to workers and entrepreneurs from underrepresented communities.

The progress in Wisconsin is just one example of the progress being made across every state in the nation. For more information about the progress of the President's Investing in America Agenda, please visit invest.gov.

###

Public link

Please use the above public link if you want to share this noodl on another website.