Federal funding awarded for economic development efforts - KWWL - Eastern Iowa Breaking News, Weather, Closings

Federal funding awarded for economic development efforts

WASHINGTON, D.C. (KWWL)--- Senator Chuck Grassley announced Tuesday that the U.S. Department of Commerce's Economic Development Administration has awarded six investments totaling $367,000 to Iowa economic development agencies.

The agencies will use the funds to establish an economic development planning framework, process and strategy that supports private capital investment and job creation in the counties they serve.

"These funds should help area counties establish a roadmap to bringing economic development to the area," Grassley said.

The Department of Commerce will distribute the funds as shown below:

  • The Region XII Council of Governments, which serves Audubon, Carroll, Crawford, Greene, Guthrie and Sac counties, will receive $61,000
  • The Iowa Northland Regional Economic Development Commission, which serves Black Hawk, Bremer, Buchanan, Butler, Chickasaw and Grundy counties, will receive $61,000
  • The Northwest Iowa Planning & Development Commission, which serves Buena Vista, Clay, Dickinson, Emmet, Lyon, O'Brien, Osceola, Palo Alto and Sioux counties, will receive $61,000
  • The North Iowa Area Council of Governments, which serves Cerro Gordo, Floyd, Franklin, Hancock, Kossuth, Mitchell, Winnebago and Worth counties, will receive $61,000
  • The Siouxland Interstate Metropolitan Planning Council, which serves Cherokee, Ida, Monona, Plymouth and Woodbury counties, will receive $62,000
  • The Southeast Iowa Regional Planning Commission, which serves Des Moines, Henry, Lee and Louisa counties, will receive $61,000

 According to the Department of Commerce, the Economic Development Administration serves as a venture capital resource to meet the economic development needs of distressed communities throughout the U.S.  Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.



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