Promoting new and continued economic growth in the area we serve is of extreme importance to South Alabama Electric Cooperative.
Our area offers a variety of features for businesses that locate here including: the availability of land, skilled and trainable workers, favorable taxes and a strong electric provider.
We also encourage our employees to take an active role in promoting this area we call home. Several serve on local government boards and even the local Chambers of Commerce.
Projects Completed and Underway...
- Through the USDA Rural Economic Development Loan and Grant (REDLG) Program, South Alabama Electric assisted the Pike County Water Authority with plans to secure $330,000 in zero-interest loans. This project was approved in 1998 and improved the water service to Banks, Alabama. This enabled Charoen Pokphand to locate its facility here and create 50 jobs for Pike County. Charoen Pokphand has since been acquired by Keystone Foods, Inc.
- Goshen Farmers Cooperative completed their project through the USDA Rural Development program in 1999. The joint effort between South Alabama Electric, USDA and the Alabama Farmers Cooperative resulted in a $500,000 zero-interest loan. Plans included the construction of a farm supply and garden center as well as a convenience store. The project is expected to create about 22 new jobs for the Pike County area.
- In 2001, the Cooperative assisted Carter Brothers Manufacturing, Inc. in securing $400,000 loan through the USDA Rural Development program and $130,000 from the Cooperative's Revolving Loan Fund. The funds were used to reconstruct and expand the facility after a fire destroyed the original building.
- The Cooperative helped Anderson's Peanuts secure funding through the USDA Rural Development Program for an expansion project in 2003. They received $450,000. These funds were used to rehabilitate the shortline railroad which was vital to the facility. It was also used to increase the cold storage facility as well.
- South Alabama Electric, through our revolving loan fund, provided Altera Decor $45,000 in zero-interest loans for use in constructing a new facility that will produce monument signs, fountains, and other decorative elements constructed of expanded polystyrene foam. This new facility will be located in Goshen, AL.
- South Alabama EC joined with the City of Troy to assist with a highway lighting program. This program is designed to increase economic development activities along US Highway 231.
Commercial and Industrial Accounts
Our Commercial and Industrial Account management program is designed to help us determine and meet the needs of our commercial member-owners.
As with most utilities, our customer base consists of a diverse mix - from residential rural areas to industrial and commercial loads. Because of this diversity, we must focus on a variety of needs among our member-owners since your needs as a business is much different than those of your residential counterpart.
Through our commercial and economic development program, we are able to work closely with you to communicate issues of concern regarding area such as reliability, rate structures, energy-efficiency issues, loan programs for expansion and many other areas as well.
We realize that by building strong relationships with our commercial member-owners, we are also building a stronger cooperative and community as well.
Ask us about the programs we have available including: commercial energy audits, heating and cooling consultations, loans and grants for expansion, lighting and much more.