Venture Award Recipient in 2011
Nominated by Maquoketa Valley Electric Cooperative & City of Bellevue

Award Ceremony Video

Royal Oaks Development Corporation has a long and distinguished entrepreneurial history. It began in 1971 when A. J. Spiegel launched Mi-T-M Corporation in Peosta, Iowa. Mi-T-M began manufacturing high pressure washers for a variety of commercial applications and now employs 320 people. Their products ship throughout the nation and worldwide. In 1984 Peosta Warehousing was established on the west side of Peosta. The campus now boasts over 1.6 million sq. ft. of industrial and warehousing distribution facilities. Royal Oaks has built numerous housing subdivisions and other businesses in and around Dubuque and Peosta.

The company’s attention has recently shifted to Bellevue where they constructed City Centre Condos and most recently the Off Shore Business Park, Bar & Grill and Event Center along the Mississippi River. The 40 acre complex required remediation and Royal Oaks immediately began to clean up the site and move thousands of tons of dirt to make the property suitable for construction. Today the Off Shore Business Park event center and restaurant are destination locations with a spectacular view of the Mississippi River. Future plans include a hotel to serve growing business and tourism needs.