News Release
Release No.STELPRD4018720
ContactDarin Leach515-284-4747
(OCTOBER 29, 2012) USDA RURAL DEVELOPMENT FUNDING TO ASSIST GRATO HOLDINGS, INC. WITH UPCOMING EXPANSION IN WOODBINE
$344,000 USDA Loan to Harrison County Rural Electric Cooperative Being Passed Through to Project
Woodbine, Iowa, Oct 29, 2012 --

@@A brief ceremony was held today to congratulate Grato Holdings, Inc. of Woodbine, Iowa, on its upcoming expansion plans in the community. The business plans to construct a 10,000 square foot central warehouse facility to help consolidate its warehouse operations. The empty warehouse space will then be converted to allow for company expansion in the production and sales areas.

USDA Rural Development is assisting the project through a $344,000 loan to Harrison County Rural Electric Cooperative. The funds are being passed through to Grato Holdings.

“We are extremely pleased to be assisting Grato Holdings with this building project that will provide the business with storage efficiencies and will help the companies of Grato Holdings meet future growth goals,” said Bill Menner, USDA Rural Development State Director in Iowa.

Grato Holdings has four subsidiary companies which include Energique, Inc., Liddell Laboratories, Inc., Peaceful Mountain, Inc. and Apotheca, Inc.

This past year USDA Rural Development’s investment in Iowa helped create or retain more than 1,600 jobs, aided 2,400 families in buying their own homes and assisted more than 60 communities as they made improvements to their facilities, services and infrastructure.

“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

For more information about finance programs available through USDA Rural Development, please call the office located in Atlantic at (712) 243-2107 Ext. 4. This office serves

communities, businesses and residents in Adams, Audubon, Cass, Fremont, Harrison, Mills, Montgomery, Page, Pottawattamie, Shelby and Taylor Counties.

Contact USDA Rural Development

For more information about finance programs available through USDA Rural Development, please call the office located in Atlantic at (712) 243-2107 Ext. 4. This office serves communities, businesses and residents in Adams, Audubon, Cass, Fremont, Harrison, Mills, Montgomery, Page, Pottawattamie, Shelby and Taylor 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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