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INRCOG supports regional economic development activities through the Iowa Northland Regional Economic Development Commission (INREDC). The INREDC was designated as a Regional Economic Development District by the U.S. Department of Commerce in 1990. Since that time, the region has been able to secure annual Economic Development Administration planning assistance funds to provide technical assistance and assist other agencies in the region in securing financial assistance in the form of grants and loans from federal and state agencies for local communities, development groups and expanding businesses.

Available Services

Grant and Loan Programs
INRCOG staff participates with communities and economic development organizations in the recruitment, expansion and retention of industrial jobs through grant writing and technical assistance. Grant programs most commonly used to provide financial assistance are Community Economic Betterment Account (CEBA), Economic Development Set-Aside (EDSA), and Public Facilities Set-Aside (PFSA), all administered through the Iowa Economic Development Authority. Others include Revitalize Iowa's Sound Economy (RISE), Tax Increment Financing (TIF), Economic Development Administration (EDA) and U.S. Department of Agriculture - Rural Development.

INREDC Revolving Loan Fund (RLF)
The INREDC Revolving Loan Fund was established through grants from the U.S. Department of Commerce, Economic Development Administration (EDA), and the Iowa Economic Development Authority (IEDA). Loans are designed to assist eligible businesses with fixed asset acquisition, inventory, and working capital needs. Businesses must be located in Bremer, Buchanan, Butler, Chickasaw, or Grundy counties. RLF loans are intended to be gap financing for projects that cannot qualify for funding through regular channels. INREDC staff is available to discuss any project prior to completion of the loan application and provide additional guidance.
Revolving Loan Fund Brochure

Revolving Loan Fund Application Form
Revolving Loan Fund Administrative and Operational Plan

Comprehensive Economic Development Strategy (CEDS)
Each year a Comprehensive Economic Development Strategy (CEDS) is prepared or updated for the region, setting out goals and objectives for the year's activities. The purpose of the CEDS is to establish a process that will help create jobs, attract public and private investments, foster a more stable and diversified economy, and improve living conditions in the region. The INREDC Board of Directors governs these economic development efforts and INRCOG staffs and supports them.

Economic Development Partnerships
INRCOG coordinates its economic development efforts with a variety of partners. At the local level, each county in the Iowa Northland Region has a lead agency and committee to respond to economic development inquiries. These responses often involve the cooperation and assistance of local banks and community economic development groups.

Black Hawk Economic Development crosses county lines to administer various loan programs. Greater Cedar Valley Alliance focuses its efforts on the Waterloo/Cedar Falls area. The University of Northern Iowa (UNI) Regional Business Center provides entrepreneurial training, business planning, market plan development, and e-commerce technical assistance. Other valuable assistance can be brought to projects through Iowa Waste Reduction Center, UNI's Institute For Decision Making (IDM), and Iowa State's Center for Industrial Research and Service (CIRAS).

Contact

Brian Schoon, Director of Development
Jacob Tjaden, Community Planner

Click on pictures for information
on INRCOG projects
 


Crystal Distribution
Waterloo, Iowa

 

Schumacher Elevator Co.
Denver, Iowa
   

Soy Basics LLC
New Hampton, Iowa