USDA Rural Development visits with Minburn Communications
On Thursday, September 26, 2019 Minburn Communications was honored to host 15 federal and state representatives from the U.S. Department of Agriculture Rural Development offices. The federal USDA Rural Development’s Deputy Finance Office chose Iowa to experience firsthand how funding from the Rural Economic Development Loan & Grant programs (REDL&G) have successfully been implemented. This office develops and estimates budgetary requirements for loan and grant programs and administrative expenses from the US Treasury to the USDA. Staff evaluate data and analytics and implement operational policies and the execution of administrative resources throughout USDA Rural Development.
Over the course of four days, the group made 19 visits across Iowa. Minburn Communications was stop #17 and selected due to the success of our $720,000 Revolving Loan Fund and the economic impacts made to the communities we serve.
Minburn Communications has utilized several programs offered by the USDA Rural Development. Most recently through our RLF, Minburn Communications provided a loan to Perry Economic Development for the construction of a 30,000 sq ft speculative building located in the Perry Industrial Park. Prior to this, the City of Perry was loaned monies for a new police station sally port facility and environmentally-controlled garage.
The USDA educational tour and meeting was held at the City of Perry Police station. Chief of Police, Eric Vaughn provided a guided tour of the sally port and garage. Following the tour, the group was welcomed by Minburn Communications CEO/GM, Debra Lucht, and special guests from Ripple Effect, Iowa Area Development Group , Iowa Communications Alliance, city officials from Perry and Woodward, Percival Scientific, Inc., and Perry Economic Development.
In addition to providing an overview of Minburn Communications economic development impacts, speakers shared their experience of how USDA Rural Development funding has helped local businesses, supported rural vitality and has prepared rural Iowa for success in a global economy. Lucht also gave insight on why broadband connectivity is a must to support rural vitality.