News

AUREON and IADG Extend Ripple Effect

posted on Tuesday, January 15, 2019 in News

Aureon and IADG are pleased to announce the renewal of our Ripple Effect partnership Neola check presentation photo agreement for an additional five-year term through 2023. Over the past 11 years, the Ripple Effect program has been extremely successful in supporting business growth and community vitality.

The combination of IADG’s technical assistance and Aureon’s financial support have resulted in retaining and expanding existing businesses and attracting new companies to rural communities.

Ripple Effect provides support for essential community planning services that have led to the development of significant public projects such as hospital expansions, libraries, parks, schools, daycare facilities and more. In several cases RECs and Independent Telecommunication Companies, (Telcos), have both secured funding through the USDA Rural Economic Development Loan & Grant (REDL&G) program to support business projects in the form of pass-through loans and grants. As a result, a combined 62 Revolving Loan Funds, capitalized at over $62 million, have been created and will continue to support additional economic development projects far into the future.

IADG is proud to extend this important partnership that provides significant technical assistance and financial support for community planning grants and loan assistance to businesses. To learn more about Ripple Effect, visit RippleEffectWorks.org