Des Moines, Iowa, Oct 19, 2012 -- Job-creation efforts in rural Iowa are receiving a boost this week as six organizations throughout the state are receiving a total of $2.1 million in loans and grants from USDA Rural Development to expand business opportunities and create jobs.
“These awards illustrate the important impact that economic development assistance can have on small towns and rural communities,” said Agriculture Secretary Tom Vilsack. “Whether the funding is given directly to individuals or businesses, or indirectly through utilities and other intermediaries, the results are the same: new jobs, stronger economies and more vibrant communities.”
Central Iowa Power Cooperative (CIPCO) is receiving two separate $1 million USDA Rural Economic Development Loans (REDL) that will assist with job creation in rural Iowa.
CIPCO will pass one of the loans on to LDJ Manufacturing, Inc. of Pella to help with expanding its facilities. The other $1 million loan will be passed through to Precision Pulley, Inc. in Lenox to also help with facility expansion plans.
USDA Rural Business Opportunity Grants (RBOG) were also awarded to Golden Hills Resource Conservation & Development Area and the Iowa Department of Natural Resources this week.
Golden Hills Resource Conservation & Development Area will use a $50,000 grant to provide technical assistance for developing a community-based, local foods system that supports farm-based businesses and entrepreneurs. The Iowa Department of Natural Resources will use a $49,996 grant to assist in the expansion of a program that helps businesses identify energy-efficiency improvements.
The USDA also recently announced that two organizations in Iowa are receiving funds through the agency’s Housing Preservation Grant (HPG) program to help qualifying homeowners make needed home repairs such as installing or repairing plumbing or providing or enhancing access to people with disabilities.
The South Central Iowa Community Action Agency in Chariton and the HFHMCI Critical Housing Repair Program based in Knoxville will both use $25,000 grants to assist very low-income families to eliminate home health and safety hazards, increase energy conservation and reduce heating and cooling costs.
“At USDA Rural Development our focus is on the viability of rural communities which are so vital to our state and nation,” said Bill Menner, USDA Rural Development State Director in Iowa. “These are the places that help support American agriculture and foster an ethic that impacts our workforce, our military and our economy. We are working with communities to create jobs, expand opportunity, encourage innovation and build a strong foundation for the future.”
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 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 calling (515) 284-4663 or 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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