The Lyon Rural Electric Cooperative wants to make an active effort to encourage Rural Economic Development throughout Lyon County. In an effort to do so the Lyon Rural Electric Cooperative in partnership with Iowa Area Development Group L.C. (IADG) and the United States Department of Agriculture Rural Development (USDA Rural Development) offer economic assistance programs to employers in Lyon County, Iowa.
The Iowa Area Development Group L.C. (IADG) is a professional economic development organization formed and funded by Rural Electric Cooperatives and certain Municipal Electrics within the State of Iowa to promote economic development in rural Iowa.
Lyon Rural Electric Cooperative has partnered with IADG and USDA Rural Development in applying for and receiving one zero pass thru loan of $135,000 and two grants totaling $430,000 from the USDA Rural Economic Development Grant and Loan Program. The zero pass thru loan was lent to the company included in the application for a ten year period at zero interest. The grants were matched with 20% matching funds to create the Lyon Rural Electric Cooperative Rural Economic Development Revolving Loan Fund.
USDA Rural Development is an equal opportunity provider, employer and lender. To file a complaint of discrimination write: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington D.C. 20250-9410 or call 800-795-3272 (voice) or 202-720-6382 (TDD).
For more information regarding economic development, please contact Lyon Rural Electric Cooperative or the IADG.
Revolving Loan Fund Application:
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