Indianola, Iowa, Sep 13, 2013 -- A groundbreaking ceremony was held today at the future home of C& L Companies’ new warehouse and distribution and testing facility in rural Warren County. USDA Rural Development is providing a $1 million rural economic development loan to assist with the expansion project.
“We are very pleased to be assisting with the development of this exciting project in Warren County,” said Bill Menner, USDA Rural Development State Director in Iowa. “Helping community leaders identify ways to improve economic opportunities in rural America is a leading emphasis at USDA Rural Development.”
The USDA Rural Development zero-percent loan was awarded initially to Interstate Communications. Interstate Communications will then, in turn, provide a loan to C&L Companies to help with the construction of a 25,000 square-foot facility just a few miles south of Indianola.
C&L Companies is a manufacturer of after-market motorcycle component parts for the motocross and recreational vehicle industries. It is estimated that the project will assist in creating 14 new jobs.
The distribution center will be located on the grounds of Farm MX, which is home to a widely recognized motocross track. The track will be used to test the company’s products under competitive racing conditions.
Additionally, a $280,000 USDA Rural Development rural economic development grant was recently awarded to Interstate Communications to help establish a revolving loan fund. The initial recipient of these loan funds will be Warren County to help make upgrades to the roadway near the warehouse and distribution facility.
“This project is truly a partnership and collaboration on many fronts with Interstate Communications playing a very important role in making everything become a reality,” Menner said.
Other partners include the Warren County Economic Development Corporation, Warren County Board of Supervisors, Iowa Department of Transportation, Iowa Economic Development Authority, Greater Des Moines Partnership, Iowa Area Development Group, Clarke Electric Cooperative and Warren Water District.
USDA Rural Development’s funding continues to have a dramatic impact on rural communities across Iowa. Since 2009, USDA Rural Development has invested more than $2.5 billion on essential public facilities, small and emerging businesses, water and sewer systems, and housing opportunities for Iowa families.
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.
For more information about financing programs available through USDA Rural Development, please call the office located in Indianola at (515) 961-5365 Ext. 4. This office serves communities, businesses and residents in Adair, Clarke, Dallas, Decatur, Guthrie, Madison, Polk, Ringgold, Union and Warren 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 working with rural communities to create jobs, expand opportunity, encourage innovation and build a strong foundation for the future. The agency currently administers and manages more than 40 housing, business and community infrastructure and facility loan and grant programs designed to improve the economic stability of rural communities, businesses, residents and farmers and improve the quality of life in rural America.
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 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 a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $828 million in taxpayer funds through targeted, common-
sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.
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