Extension News

A grand opening for Rural Development Resource Center

presentation of check

3/21/2007

A big check for $100,000 and it was official — the Rural Development Resource Center (RDRC) is open for business, serving 22 southwest Iowa counties. Thirty-nine enterprising southwest Iowans have taken advantage of the center’s services since it opened in June 2006. The “big check” presentation on Feb. 27 was ISU Extension’s way of saying congratulations and providing support for the center’s work.

RDRC provides technical assistance to individuals seeking to start or expand a business. With a small administrative staff in Red Oak, in its first year the RDRC has brought about one small business start, two small business expansions, two loan referrals and the location investigation of more than 40 sites for an out-of-state biofuels plant. The primary partners that developed and secured funding for the center are ISU Extension, the Southwest Iowa Coalition, the Grow Iowa Foundation and the Wallace Foundation for Rural Research and Development. The USDA Rural Development Agency awarded a $300,000 technical assistance grant to RDRC in late March 2006. That grant, coupled with other awards received earlier, provided the center a startup budget of $646,000. The center is home to Iowa’s only rural business accelerator for small businesses, funded by the Iowa Department of Economic Development.

-30-

See the rest of the Message from the Vice President on the Web.

Contacts :

Laura Sternweis, Extension Communications and Marketing, (515) 294-0775, lsternwe@iastate.edu