Cody, Nebraska, Apr 23, 2012 -- USDA Rural Development joined the Student Education and Economic Development in the Sandhills, the Cody-Kilgore School District and the Village of Cody in Cody, Nebraska today breaking ground for the construction of a business incubator.
The Village of Cody received, from USDA Rural Development, $75,000 through the American Recovery and Reinvestment Act and an additional $95,000 in regular funding. The Village will contribute $177,650; more than 50 percent of that contribution will be donated time and materials from the residents of Cody and the surrounding area.
The initial business to occupy the incubator will be a grocery store. Funds have provided technical assistance and training for the community and students of the Cody-Kilgore School District. Students have been involved from day one, working with the community in all details of the project from writing a business plan to planning the floor space and inventory. Funds were used to purchase equipment needed for the business incubator. The facility will be 3,000 square feet constructed of straw bales and will house a grocery store and other small start-up businesses. This project is a great asset to the Village as it strives to keep the youth local, and provide hands-on education to local and surrounding area student entrepreneurs. A grocery store in Cody will reduce the distance residents travel for their groceries, keeps the revenue at home for the local economy and offers access to local foods in a food desert. The incubator project will create an estimated 15 jobs.
“In celebration of Earth Day, this project will enable the residents of Cody to conserve on gas by not having to drive a distance to get their groceries,” said Area Director Paul Bartlett, USDA Rural Development. “This project will help to grow the future of Cody by the many business opportunities it will bring.”
USDA funding was provided through the Rural Business Enterprise Grant program. For additional information contact Paul Bartlett at email@example.com or phone (308) 237-3118 Ext. 1122. Visit http://www.rurdev.usda.gov/ne/.