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Find Economic Development news and articles from throughout the Dairyland Power Cooperative territory in IA, IL, MN, and WI.  Summer, 2014
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New Solar Farm Powers Westby, WI Business Sites

A new business development located in Westby, WI offers businesses the opportunity to get some of their electricity produced from the sun. The property is for sale by Vernon Electric Cooperative.  It is uniquely situated adjacent to a new large solar farm that provides power to the cooperative’s member-customers. 
 
The solar farm is actually two projects – one by Dairyland Power Cooperative and the other a community solar project sponsored by Vernon Electric Cooperative.  Together, the projects are comprised of 2,840 solar panels that produce over 823 kilowatts (kW) of power.  The energy produced by the projects goes onto the power grid and serves area farms, homes and businesses.
 
This development – 20 acres total with a minimum lot size of five acres - has convenient access to State Highway 27 and U.S. Highway 14/61.  All utilities are at the site edge and attractive business incentives are available.
 
For more information contact Craig Harmes at (608) 787-1310 or cth@dairynet.com.
 

Available Building: Bayfield County, WI

Excellent commercial, industrial or retail space opportunity in the Town of Iron River in this 28,000 sq. ft. building.  15,000 sq. ft. is currently available adjacent to the winery in flex space meaning all or part of the remaining space is available for lease.  The facility features 16.5 foot sidewalls, loading docks, and fiber optics.  This great space is located along US Highway 2 and the community has access to economic development loan funds and venture capital for business development projects. 

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

Available Building 24,248 sq. ft. Manufacturing Facility near Weyerhaeuser, WI

A former lumber company building between Cameron and Weyerhaeuser on US Highway 8 near 4-lane US Highway 53 in Northwestern Wisconsin is now available.  The site features 10 acres and a three building complex totaling more than 24,000 sq. ft.  The site has 3 phase electric power provided by Barron Electric Cooperative. 

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

 

New Building Available, Stacyville, Iowa

Construction is underway on a new 12,000 sq. ft. spec building in Stacyville, Iowa near I-35 and I-90 intersection.  The facility is expandable, zoned industrial, and located within the city limits served by municipal water/sewer utilities.  Heartland Power Cooperative serves the site with 3-phase electric power.  Additional features include a 4.35 acre lot, open floor plan, an overhead door, and a foundation designed for loading docks.

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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