Economic Development

Allamakee-Clayton Electric Cooperative recognizes that these are very trying times in everyone's lives right now. Health, as well as economic concerns for businesses and families, can seem very overwhelming. Please review the resources below, as there may be assistance for you now and in the future.

May 22, 2020
RESOURCES FOR AG PRODUCERS AND BUSINESS OWNERS 


Today we are providing additional resources for agriculture producers and any businesses that were awarded the Payroll Protection Program Loan. Brenda Hackman is our manager of economic development and community relations and is available for questions at 563-605-6026 or bhackman@acrec.coop.

Beginning May 26, 2020, the USDA will be accepting applications from agricultural producers who have suffered losses due to the coronavirus pandemic. Program details are specific to agricultural commodities and can be found at https://www.farmers.gov/cfap.

If you were awarded a Payroll Protection Program (PPP) Loan for your business, the forgiveness application has been released: https://bit.ly/2zX7786.

April 30, 2020
ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE OFFERS LINKS TO RESOURCES TO HELP BUSINESS OWNERS

Small businesses are at the heart of local communities. During the current situation of extended economic uncertainty due to COVID-19, there are numerous state and federal resources available to help businesses.

“We value the role our local businesses play in supporting our communities. Like cooperatives, business owners and their employees are our neighbors – we are in this together, and we want to provide the resources to help guide us through this challenging time,” said Brenda Hackman, ACEC’s manager of economic development and community relations. “Be sure to contact your local lenders to go over the best plan for your business. Given the high-level of need, applications for state and federal funding should be submitted as soon as possible. Funding is changing at a fast pace and can open and close and then reopen, so keep checking and rechecking resources.”

Be sure to contact your local lenders to go over the best plan for your business. Given the high-level of need, applications for federal funding should be submitted as soon as possible. Funding is changing at a fast pace and can open and close, so keep checking and rechecking resources. The U.S. Senate Committee on Small Business & Entrepreneurship released a guide to help businesses learn more about the Coronavirus Aid, Relief, and Economic Security (CARES) Act. You can find it here https://www.sbc.senate.gov/public/. It offers guidance on the following topics:

  • Paycheck Protection Program to cover the cost of retaining employees
  • Emergency Economic Injury Loans & Grants to offer immediate assistance to small businesses
  • Small Business Debt Relief Program to help business owners navigate the challenge to keep up with on current Small Business Administration (SBA) loans
  • Resources to access free counseling services

A joint partnership has been established between Northeast Iowa Community College, Greater Dubuque Development Corporation, the Small Business Development Center, and the East Central Iowa Intergovernmental Association to help business owners, nonprofits and self-proprietors navigate the application process for federal, state and local funding during the COVID-19 emergency. Business owners may call 563-588-3350 from 8:30 a.m. – 4 p.m., Monday through Friday, or email sbhelpline@nicc.edu.

The USDA has published a COVID-19 Federal Resource Guide, which is a first-of-its-kind resource for businesses looking for federal funding and partnership opportunities to help address this pandemic. There are also additional support resources available from Iowa Economic Development.

To increase communication to businesses, please email me or call me with your contact information so I can email you additional resources, as they arise.

Thank you,

Brenda Hackman
Manager, Economic Development and Community Relations
bhackman@acrec.coop
563-412-8098


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We are now partnering in our commitment to business and community development with an organization called the Iowa Area Development Group. We also continue to offer economic development financing through our revolving loan fund. About our RLF.

Contact us for more information about:

  • USDA Rural Development Loan Programs
  • Allamakee-Clayton Electric Cooperative Economic Development Loan Program

Recent projects we've assisted with

Trinity Fabricators honored with Iowa Venture Award - December 2018.

Funding for energy projects:
There may be funding available for renewable energy or energy efficiency projects through USDA Rural Development.

There is also an opportunity for dairy producers to purchase more energy-efficient equipment through the NRCS Environmental Quality Incentives Program (EQIP). For more information contact your local NRCS office or talk with John Molumby at (888)788-1551. Along with directing you to the appropriate USDA representatives, John can assist you by completing the required energy efficiency audit on your proposed project.

Learn more about Rural Development programs by visiting the agency's website here.