|(OCTOBER 24, 2012) USDA RURAL DEVELOPMENT’S FISCAL YEAR 2012 LOANS AND GRANTS HAVE LARGE IMPACT IN RURAL IOWA|
|USDA Assistance Helps Create/Retain 1,600 Jobs, Improve Infrastructure and Services in 60 Communities and Assist 2,400 Families with Home Purchases in Rural Iowa in Past Year|
|Des Moines, Iowa, Oct 24, 2012
@@Funds from USDA Rural Development’s nearly 40 loan and grant programs continue to have a dramatic impact on communities across Iowa.
During fiscal year 2012, which ended on September 30th, USDA Rural Development’s investment of $534 million in Iowa helped create or retain more than 1,600 jobs, aided 2,400 families in buying their own homes and assisted 60 communities with improvements to facilities, services and infrastructure.
“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.”
Funds from the agency’s programs help modernize essential water systems, build clinics and hospitals, support renewable energy systems, energy conservation, and ensure affordable housing for rural residents.
Earlier this summer ground was broken for the new Manning Regional Healthcare Center in Carroll County. The new hospital, which will replace a facility that was built in 1927, received a $21 million loan from USDA Rural Development. When construction is completed Manning Regional Healthcare Center’s new 17-bed critical access hospital will also include a physician clinic and recovery center that will provide substance abuse treatment services for up to16 patients in a partial residential setting.
In addition to generating jobs USDA Rural Development investments are creating ongoing economic opportunities in rural America that will pay benefits for years to come.
In July it was announced that a USDA Rural Business Enterprise Grant totaling $50,000 was awarded to the Iowa Valley RC&D Inc. to support the Women Land and Legacy effort which provides technical assistance to women who own or are developing businesses and farm operations. These funds will be used in Iowa, Tama and Poweshiek Counties.
In August the Iowa Economic Development Authority received a $200,000 USDA Rural Community Development Initiative (RCDI) grant to assist as many as 40 rural Iowa communities with historic commercial district revitalization projects.
Also this summer the City of Joice received a $939,000 loan and $972,000 grant to help make sewer improvements that will enhance the water quality in the northern Iowa community. The project, which received funds from USDA Rural Development’s Water and Environmental Program, will install a new centralized gravity collection system with a centralized controlled discharge lagoon for the 245 residents in the City of Joice. The new collection system will replace failing individual septic systems.
Finally, just last month Gundy Electric Cooperative, Inc., which serves customers in Iowa and Missouri, was selected for a $5 million loan guarantee to build and improve 18 miles of distribution line and make other system improvements. The loan amount includes more than $700,000 in smart grid projects.
“Our agency is eager to build on the success of the past and help foster an even brighter future for rural Iowa,” Menner added. “If you have an idea on how jobs can be created in rural Iowa, or how a rural community can improve the quality of life experience for their residents, give us a call today.”
Contact USDA Rural Development
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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