(Des Moines) The U.S. Department of Agriculture is investing a little over $3.8 million in 11 grants and $13 million in three loans to projects in Iowa that spur economic development through rural cooperatives, promote small businesses, support infrastructure, assist with disasters, and create jobs.
U.S. Department of Agriculture Rural Development State Director in Iowa Theresa stated: “In reviewing this week’s loan and grant funding, I am reminded of how critical it is to have functional equipment to respond to fires, snowstorms, and health emergencies in rural neighborhoods. Under the leadership of the Biden-Harris Administration, USDA is championing rural Iowa communities. These investments are one more way President Biden’s Investing in America helps rebuild the economy from the bottom up and middle out.”
The community of Cumberland is receiving a $40,800 Community Facility Disaster Grant from the Community Facility Disaster Grants program to purchase essential equipment. This project will provide a new warning siren, a snow blower, a dump trailer, a snow plow, and accessories for the equipment. This project will promote the safety of the 251 residents and visitors of this rural Cass County community.
-Winterset Municipal Utilities received a $300,000 grant from the Rural Economic Development Loan and Grant Program to establish a revolving loan fund. This project will provide a loan to MCDP Real Estate, LLC/Madison County Dental Partners, LLP, to help construct a new dental clinic in Winterset, Iowa, and to purchase equipment for the clinic. This project will create 10 new jobs. This project will promote economic development in rural Madison County.
