Economic Development

ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE OFFERS LINKS TO RESOURCES TO HELP BUSINESS OWNERS
 

Small businesses are at the heart of local communities. There are numerous state and federal resources available to help businesses especially, due to COVID-19, and the effects that it has had on our economy.

“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.

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. 

The Paycheck Protection Program (sba.gov) provides loans to help businesses keep their workforce employed during the Coronavirus crisis. Borrowers may also be eligible for PPP loan forgiveness.  SBA has many resources and offers additional Coronavirus relief.  

There are also additional support resources available from Iowa Economic Development.

Looking for local support to help you with your questions?  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


We partner with Iowa Area Development Group to enhance our commitment to business and community development.  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

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 Ryan Wagner at (888)788-1551. Along with directing you to the appropriate USDA representatives, Ryan 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.


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