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Tag Archives: Grundy County

SBA Offers Disaster Assistance to Iowa Businesses and Residents

SBA Offers Disaster Assistance to Iowa Businesses and Residents Affected by the Severe Weather and Flooding

SACRAMENTO, Calif. – Low-interest federal disaster loans are available to Iowa businesses and residents affected by the severe weather and flooding that occurred Sept. 21 – Oct. 3, 2016, U.S. Small Business Administration (SBA) Administrator Maria Contreras-Sweet announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Terry E. Branstad on Oct. 6, 2016.

The disaster declaration makes SBA assistance available in Black Hawk, Bremer, Butler, Cerro Gordo, Chickasaw, Floyd, Franklin, Grundy and Hardin counties.

“SBA is strongly committed to providing Iowa with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said Contreras-Sweet. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s Iowa District Director Jayne Armstrong. “Beginning at 12 p.m. on Wednesday, Oct. 12, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Armstrong continued. The center will be open on the days and times indicated below. No appointment is necessary.

BUTLER COUNTY

SBA Disaster Loan Outreach Center

North Butler Elementary School – Media Center

210 W South St.

Greene, IA  50636

Opens 12 p.m. Wednesday, Oct. 12

Mondays – Fridays, 9 a.m. – 6 p.m.

Center closes 6 p.m. Tuesday, Oct. 25

Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage.

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations and 1.563 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing disastercustomerservice@sba.gov. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

The filing deadline to apply for property damage is Dec. 12, 2016. The deadline to apply for economic injury is July 11, 2017.

The Greater Cedar Valley Alliance & Chamber Launches New Data Tool Resource

As part of its portfolio of business services, the Greater Cedar Valley Alliance & Chamber, in partnership with Far Reach of Cedar Falls, introduces the Cedar Valley Data Portal.

Through the Cedar Valley Data Portal website, statistics and data about the Cedar Valley, from a multitude of sources, is collected and routinely updated in one convenient location. Data available on the site includes general demographic, economic, social, and housing statistics along with a variety of additional information regarding Cedar Valley cities, seven county economic area and the state of Iowa. The site offers data comparisons through easy to create, customizable reports.

As an economic development organization, the Alliance & Chamber is the primary agent for the demographic information on the entire Cedar Valley region. It is a priority of the Alliance & Chamber to distribute this information and business intelligence in the most efficient and effective way possible. The information provided in the data portal presents the Cedar Valley as one economic region, positioning the region competitively for new jobs and investment. Site selectors from outside the region will especially appreciate the comprehensive economic and talent information available through the data portal.

“ Most companies and site selection influencers are conducting community data and property searches 24/7 and look to organizations like the Alliance & Chamber as a source.   If this information isn’t readily available on our web site, we risk a lost opportunity,”notes Alliance & Chamber Economic Development Marketing Director, Lisa Rivera Skubal. “Companies and site selection influencers don’t call economic developers until they have already made a short list of potential sites.  This interactive data portal complements our available property data base, further setting us apart.”

The data portal is also an avenue to support retail and service business with access to current information for planning.

Project History

A survey to Alliance & Chamber partner organizations such as utility partners, the Iowa Economic Development Authority, and the Cedar Valley Regional Partners showed need for such a system. From there, Far Reach developed the system for the Alliance & Chamber.

The Greater Cedar Valley Alliance & Chamber is responsible for updating the information provided on the data portal. Alliance & Chamber staff  use national reporting sources, such as the Bureau of Labor Statistics, US Census Bureau, Council for Community and Economic Research and Iowa Workforce Development to aggregate data. Far Reach Technologies will continue to providing reporting and analytics to guide the growth and enhancement of the site.

“The Alliance & Chamber works with these stats every day. The ability to collect, update, and distribute this kind of comprehensive business intelligence is bedrock to what our organization does. This is not only a value added benefit to our investors, the Cedar Valley Data Portal is a critical resource for attracting new business and talent to the Cedar Valley,” comments Steve Dust, CEO of the Greater Cedar Valley Alliance & Chamber.

The Cedar Valley Data Portal can be found by going to www.cedarvalleyalliance.com,  http://data.cedarvalleyalliance.com/DataPortal.aspx. For more information on the Cedar Valley Data Portal and other information services provided by the Alliance & Chamber, contact Taylor King at tking@cedarvalleyalliance.com or 319-232-1156. Far Reach can be found on the web at www.farreachinc.com.

 

Be part of something greater - The Cedar Valley of Iowa

The Greater Cedar Valley Alliance & Chamber is a regional economic community development corporation working to increase economic vitality and wealth in the Waterloo / Cedar Falls area and surrounding economic region. The Alliance & Chamber has approximately 800 members that represents over 40,000 employees