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Iowa REC's & IADG Secure $3.4 Million for Iowa Projects

Iowa RECs and IADG will help boost Iowa’s economy with another successful round of USDA Rural Development loan and grant awards. USDA officially made their announcement that $3.4 million dollars had been awarded to seven rural Iowa projects and IADG member systems.  
 
The following electric cooperative members will receive funding for local development projects.   
 
Grants:
·         Access Energy         Mt. Pleasant Spec Building                                 $300,000
·         ILEC                       ILCC Sustainable Energy Center                          $300,000
·         Northwest REC         Remsen Medical Clinic                                       $300,000
·         Osceola Electric        Osceola Community Hospital Renovation (Sibley)   $300,000
 
Loans:
·         Access Energy          Cambridge Investment Research                         $740,000
·         Butler Co. REC          Unverferth Manufacturing                                  $740,000
·         Corn Belt                 IA Northern Railroad – Butler Terminal                  $740,000
 
Total:                   $3,420,000