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USDA Rural Development Participating In Business Park Groundbreaking

By Staff | Apr 29, 2008

DES MOINES — Randy Hildreth, Area Director with USDA Rural Development, will be in Emmetsburg on Wednesday, April 30, to participate in groundbreaking ceremonies for the 58-acre Emmetsburg Business Park to be located on the southeast side of town.

The event will begin with coffee at 10 a.m. at Emmetsburg City Hall located at 2021 Main Street.

USDA Rural Development is presenting funds totaling $685,000 to assist with the project, including a $200,000 guaranteed loan to the Iowa Trust and Savings Bank in Emmetsburg and a $485,000 direct loan to the Emmetsburg Community Development Corporation.

This new business park will help Emmetsburg grow and add quality jobs. It is also an excellent example of how local business leaders, as well as city, state and federal government programs can all work together to increase economic opportunities in rural communities.

During the past year, Rural Development provided assistance to more than 100 communities across Iowa with guaranteed loans, direct loans and grants totaling nearly $200 million. The funds have helped with improvements to community facilities and upgrades to local infrastructure.

Rural Development is an equal opportunity lender with a variety of direct and guaranteed rural credit programs involving single and multi-family housing, community facilities, water and sewer development and business and industry programs.

USDA Rural Development’s mission is to deliver quality programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. Rural Development’s portfolio includes assistance for home ownership, business development, and critical community and technology infrastructure.

Eleven USDA Rural Development offices in Iowa serve the 1.9 million Iowans living in rural communities. You can get more information by contacting Rural Development’s office in Storm Lake at 712-732-1851, or by visiting Rural Development’s web site at

www.rurdev.usda.gov/ia.