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News Release
Release No. STELPRD4010999
ContactDarin Leach515-284-4747
Printable Version  Printable Version
(JULY 1, 2011) BUSINESSES ALL ACROSS IOWA GET ECONOMIC BOOST FROM USDA RURAL DEVELOPMENT THIS WEEK
USDA Rural Development Awards $2,781,990 in Grant and Loan Funds to Help Create Jobs in Rural Iowa

Des Moines, IA, Jul 01, 2011 -- As rural communities all across the state make final 4th of July preparations this weekend many have reasons to celebrate a little more thanks to USDA Rural Development.

This past week USDA Rural Development announced awards of grants and loans totaling $2,781,990 to help support economic development and job creation with 14 projects across the state.

“Improving economic opportunities for rural Americans continues to be a top area of emphasis at USDA Rural Development,” said Bill Menner, USDA Rural Development State Director in Iowa. “We are pleased to be assisting these projects that will help rural communities build stronger local economies, many through improved local foods opportunities. One of USDA’s strengths is working with organizations that are best positioned to help address an area’s economic needs.”

Some of the ways the funds will be used include establishing revolving funds, supporting the development of local foods systems, as well as helping construct speculative buildings and expand rail services.

Organizations and communities receiving funds from USDA Rural Development this week include:

Rural Community Development Initiative Program

 

$83,485 grant

Golden Hills Resource Conservation and Development Area (Oakland, Iowa)

Funds will be used to provide training to increase sustainable local food production in southwest Iowa.

 

$175,105 grant

Regional Development, Inc. (Burlington, Iowa)

Funds will be used to help develop leaders for regional food systems in southeast Iowa by assisting producers and prospective producers with business development assistance.

 

Rural Economic Development Loan and Grant Program

 

$300,000 grant

Board of Waterworks and Electric Power Plant Trustees (Atlantic, Iowa)

Funds will be used to construct 25,000 square-foot industrial building in Atlantic for local or new manufacturing businesses.

 

$300,000 grant

Butler County Rural Electric Cooperative

Funds will be used to construct 30,000 square-foot building in New Hampton to entice new business to Chickasaw County.

$300,000 grant

Central Iowa Power Cooperative

Funds will be used to construct a community-owned aquatic center and purchase a building to become city hall in Earlville. new city hall

 

$300,000 grant

Indianola Municipal Utilities (Indianola, Iowa)

Funds will be used to construct 18,000 sq. foot addition to Blank Performing Arts Center at Simpson College.

 

$250,000 grant

Manning Municipal Light Plant (Manning, Iowa)

Funds will be used to purchase Manning Hausbarn Heritage Park campus for an attraction, education and conference center.

 

$600,000 loan

Winnebago Cooperative Telecomm Association

Loan to purchase 27.6 miles of rail to reconstruct a mail switch to ensure rail service in north central Iowa This project will help create jobs in Winnebago, Hancock and Wright Counties.

 

Rural Business Enterprise Grant Program

 

$90,000 grant

Winneshiek County Agricultural Extension District

Funds will be used to hire an agricultural economic development coordinator to help expand market opportunities for local foods in northeast Iowa

 

$99,000 grant

New Hartford Economic Development

Funds will be used to create a revolving loan fund to assist small and emerging businesses in New Hartford.

 

$58,497 grant

City of Manchester

Funds will be sued to fund a coordinator who will provide technical assistance to small businesses in and around Manchester.

 

$74,450 grant

Lee County Economic Development Group, Inc.

Funds will assist the Great River Region Entrepreneurial Technical Assistance (GRRETA) Project by providing technical assistance to local food and food supply chain-related businesses and complementary enterprise networks located in southeast Iowa.

 

$99,000 grant

Colfax Main Street, Inc.

Funds will be used to provide low-interest loans to public and non-profit organizations to relend for business and community development. The primary goal will be job creation and retention, particularly for the unemployed or under-employed workers of Jasper County.

 

$52,453 grant

City of Ogden

Funds will be used to provide technical assistance to support the development of a local foods aggregation network that will serve the needs of multiple youth camps.

Contact USDA Rural Development

USDA Rural Development has 11 offices across the state serving the 1.7 million Iowans living in rural areas and communities. Office locations include a State Office in Des Moines, along with Area Offices in Albia, Atlantic, Humboldt, Indianola, Iowa Falls, Le Mars, Mount Pleasant, Storm Lake, Tipton and Waverly.

USDA Rural Development is an equal opportunity lender with a variety of direct and guaranteed rural credit programs involving single and multi-family housing, community facilities, water and sewer development and business and industry programs.

Further information on this and other programs offered by USDA Rural Development is available by calling (515) 284-4663, by visiting www.rurdev.usda.gov/ia or at any local area office.

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Last Modified:04/24/2012 
 
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