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News Release
Release No. STELPRD4018190
ContactDarin Leach515-284-4747
Printable Version  Printable Version
(SEPTEMBER 14, 2012) CRESCO FUELS INC. CELEBRATES GRAND OPENING OF STATE'S NEWSEST BLENDER PUMP LOCATION
Cresco Fuels Inc. Received Funding from USDA Rural Development

Cresco, Iowa, Sep 14, 2012 -- Bill Menner, USDA Rural Development State Director in Iowa, today participated in ribbon cutting and grand opening ceremonies for Cresco Fuels Inc., a new fuel station that will offer blended fuel options to customers.

“We are extremely pleased to be assisting Cresco Fuels Inc. as they open the state’s newest blender-pump location,” Menner said. “This project is another example of the Obama Administration’s ongoing commitment to developing domestic energy sources.”

USDA Rural Development participated in the project by providing a $49,564 grant through its Rural Energy for America Program (REAP).

The new fuel station has two fuel dispensers that give consumers a choice of higher ethanol blended fuels such as E-15, E-30 and E-85 along with a biodiesel refueling center offering blends of B-2 and B-5 in both on-and off-road fuels.

Since 2002, USDA Rural Development has awarded $177 million in guaranteed loans and grants to help more than 1,500 small businesses and producers in Iowa develop biofuels, install renewable energy systems such as wind turbines, geothermal and solar, and reduce energy costs by making energy-efficiency improvements.

This past year USDA Rural Development’s investment in Iowa helped create or retain more than 1,900 jobs, aided 2,000 families in buying their own homes and assisted more than 80 communities as they made improvements to their facilities, services and infrastructure.

“USDA Rural Development’s energy programs are making significant impacts on rural communities throughout the state,” Menner said. “The business owners and farmers benefitting from this assistance are decreasing their energy footprint, converting renewable resources into cleaner energy, and creating and saving jobs.” 

Contact USDA Rural Development

For more information about finance programs available through USDA Rural Development, please call the office located in Waverly at (319) 352-1715 Ext. 4. This office serves communities, businesses and residents in Allamakee, Black Hawk, Bremer, Buchanan, Chickasaw, Clayton, Delaware, Fayette, Howard and Winneshiek Counties.

USDA Rural Development has 11 offices across the state to serve the 1.7 million Iowans living in rural communities and areas. 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.

Further information on programs available through USDA Rural Development is available by visiting the agency’s web site at www.rurdev.usda.gov/ia.

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

President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.

USDA, through its Rural Development mission area, has an active portfolio of more than $172 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.

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Last Modified:08/23/2013 
 
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