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Find Economic Development news and articles from throughout the Dairyland Power Cooperative territory in IA, IL, MN, and WI.  April, 2014
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Project Success Story: Valent BioSciences Corp. in Osage, IA

An impressive project is nearing completion in Osage, IA, as a result of strong economic development collaborations in the Heartland Power Cooperative service territory.  Valent BioSciences Corp. is nearing completion of their $146 million complex located on 73 acres in Osage.  The company produces biorationals which are defined as of natural origin and having limited or no adverse effects on the environment or on beneficial organisms.  Biorationals includes substances used in agriculture, public health, forestry, pest control, and more.

Dairyland Power Cooperative and Heartland Power Cooperative were thrilled to play a role in making this project a reality by working as part of the team to coordinate energy infrastructure and overall project scheduling.  "The Valent project is a terrific example of a strong joint effort by economic development, governmental, utilities and the public as a whole to bring a significant investment and skilled jobs to the area.  It's a real win for all involved." says Craig Harmes of Dairyland Power. 

Photo courtesy of Valent BioSciences.

Available Property 54,000 sf Warehouse in Prairie du Chien, WI

An excellent development opportunity is now available in Prairie du Chien for sale or lease.  This 54,236 sq. ft. facility is a former warehousing and distribution facility with 5 loading docks and 5 drive in doors.  The warehousing or manufacturing area is 48,000 sq. ft. and the balance consists of office space.  The building features 3 phase power and is served by Scenic Rivers Electric Cooperative.  For further information about the building contact Craig Harmes at Dairyland Power Cooperative 608-787-1310 or cth@dairynet.com

 

Property Highlight: Willow Run Industrial Park

The Willow Run Industrial Park is located in Iron River, Wisconsin in beautiful Bayfield County.  The park features 40 available acres with flat topography and an excellent location.  The park is home to two companies and the remaining land is very affordable and can be purchased improved with utilities or undeveloped for a significant discount.  For further information contact Craig Harmes at Dairyland Power Cooperative 608-787-1310 or cth@dairynet.com
 

Property Highlight: Wheaton Business Park

The Wheaton Business Park is located just off 4-lane Highway 29 near Elk Mound, Wisconsin about 5 miles from Interstate 94.  The park is conveniently located near Eau Claire, Chippewa Falls, and Menomonie.  The high visibility commercial and business park development is home to a hotel and conference center, large modern convenience store, and several other companies.  Lots are served with roads and power and this rural development is served with traffic lights, intersections and turn lanes for easy access from Highway 29.

For further information contact Craig Harmes at Dairyland Power Cooperative 608-787-1310 or cth@dairynet.com
 

0% Interest Economic Development Loan Funds Available

One of the best kept secrets in regional economic development is the USDA Rural Economic Development Loan Program (REDLG) which provides business loans at 0% interest for a ten year term.  The maximum loan amount within this program was recently increased to $2 million and the funds can be used for business financing, infrastructure, health care facilities, business incubators and educational facilities.  Loans are granted for projects taking place within rural service areas of Dairyland Power's member cooperatives.  The favorable terms and large loan amount make the fund a useful incentive to help promote development projects of all kinds.  Eligible loan amounts are determined by overall project size, local cooperative regulations, and other typical loan approval criteria.

Are you wondering if these funds will work for a project you have in mind or what amount of loan you might qualify for?  Contact your local electric cooperative or Craig Harmes at Dairyland Power Cooperative at 608-787-1310 or cth@dairynet.com.  Applications are made through your local energy cooperative and most applications are turned around within two to three months.  Selection factors include the nature of the project, job creation, demographic factors, project plans, financial statements, ownership, supplemental funds, and probability of success of the project as a whole.  Some metro areas may be ineligible.
 
Dairyland Power is an Equal Opportunity Provider and Employer.
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