logo
Grants drive growth in rural Iowa

Grants drive growth in rural Iowa

Yahoo05-04-2025
The Iowa Economic Development Authority (IEDA) has announced $40,000 in grants to drive growth in the rural Iowa towns of Imogene and Sibley, as well as Calhoun and Jackson counties, according to a news release.
The funding comes from the Governor's Empower Rural Iowa Initiative's Building Ownership & Organization by Strengthening Teams (BOOST) program.
'For struggling rural areas, this support can be transformative — helping local leaders to bring their vision to life, create and fill jobs and fuel economic progress where it's needed most,' said Debi Durham, director of the IEDA and Iowa Finance Authority. 'These grants encourage innovative ideas that enable small Iowa towns to stay vibrant and competitive.'
The Rural BOOST program connects community and business leaders with expert guidance to develop actionable growth plans. Grant funding supports the implementation of those plans. Projects must serve communities with 20,000 or fewer residents and not be adjacent to a city of more than 40,000. Countywide projects must be located in one of the state's 88 least-populous counties.
Each of the following awarded projects will receive $10,000:
Calhoun County — Calhoun County Economic Development will develop a marketing strategy to attract businesses, manufacturers or service providers to locate in the Calhoun County Business Park, particularly on a 13.2-acre shovel-ready site, at the intersection of U.S. Highway 20 and Iowa Highway 4.
Imogene (Fremont County) — With a population of 39, the city wants to invest in professional design and engineering services to prioritize community needs — such as street repairs, a campground expansion, a bridge replacement and downtown building renovations — in an effort to curb population decline.
Jackson County — The Jackson County Economic Alliance (JCEA) reports that 72% of the county's workforce is older than 55, and most are expected to retire within 15 years. To prepare, JCEA plans to survey the workforce needs of local businesses and industries and assist with creating succession plans for a smooth transition.
Sibley (Osceola County) — Sibley Housing and Development Corp. is eyeing a new residential development to address a significant housing shortage, which is hindering the city's economic growth. The grant will pay for a site plan proposal and public awareness campaign.
IEDA received six applications for this round of BOOST grants, which opened in January. Applicants, who are required to provide a financial match, were scored based on criteria that included economic need, partnerships, readiness and strategic goals.
Rural BOOST is administered by the Center for Rural Revitalization, a division of the IEDA, in consultation with the Governor's Empower Rural Iowa Initiative Task Force.
For more information on the Empower Rural Iowa program, contact Robin Bostrom at 515-348-6176 or rural@iowaeda.com.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

PPSI Earnings: Pioneer Power Solutions Stock Surges 55% on Q2 Results
PPSI Earnings: Pioneer Power Solutions Stock Surges 55% on Q2 Results

Business Insider

time4 days ago

  • Business Insider

PPSI Earnings: Pioneer Power Solutions Stock Surges 55% on Q2 Results

Pioneer Power Solutions (PPSI) stock took off on Friday following the release of the electrical power solutions company's Q2 2025 earnings report. It reported revenue of $8.4 million, which was well above the $6.89 million that Wall Street expected. The company's revenue also represented a 147% increase year-over-year from $3.4 million. This strong revenue growth was attributed to increased sales of the company's e-Boost mobile electric vehicle (EV) charging solutions. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Nathan Mazurek, Chairman and CEO of Pioneer Power Solutions, said, 'Demand for Pioneer's solutions remains strong, driven by targeted marketing and sales efforts focused on segments actively investing in electrification. We are engaging directly with state and local fleet operators, school districts, key robotaxi service providers and other organizations that are not just planning for an electric future but deploying capital to make it real.' Pioneer Power Solutions stock was up 54.66% in pre-market trading on Friday, following a 4.01% dip yesterday. Traders will note the stock has fallen 24.7% year-to-date and 30.58% over the past 12 months. Today's earnings brought heavy trading to PPSI stock, as some 35 million shares changed hands, compared to a three-month daily average of about 58,000 units. Pioneer Power Solutions Guidance Pioneer Power Solutions reaffirmed its revenue outlook for 2025 in its latest earnings report. The company expects revenue for the year to range from $27 million to $29 million. With a midpoint of $28 million, this should surpass Wall Street's revenue estimate of $27.82 million for 2025. Is Pioneer Power Solutions Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Pioneer Power Solutions is Moderate Buy, based on two Buy and one Sell rating over the past three months. With that comes an average PPSI stock price target of $8.17, representing a potential 162.70% upside for the shares. These ratings and price targets will likely change as analysts update their coverage following today's earnings report.

China Consumer Loan Subsidy Seen Driving Trillions in New Credit
China Consumer Loan Subsidy Seen Driving Trillions in New Credit

Bloomberg

time13-08-2025

  • Bloomberg

China Consumer Loan Subsidy Seen Driving Trillions in New Credit

China's fresh consumer subsidy program could spur several trillion yuan in new loans to boost spending, helping the world's second-largest economy amid a tariff standoff with US, analysts said. The government's plan to support banks in lending to consumers would stimulate 5 trillion yuan ($696 billion) of newly issued loans, assuming the subsidies reach 50 billion yuan, according to a note by analysts led by Wang Xianshuang at China Merchants Securities Co. Other analysts including those at China International Capital Corp. and Guangfa Securities Co. also said the policy will boost bank lending, without providing estimates.

Upwards Expands Boost Program to Grow Childcare Supply Across the Bay Area
Upwards Expands Boost Program to Grow Childcare Supply Across the Bay Area

Business Wire

time07-08-2025

  • Business Wire

Upwards Expands Boost Program to Grow Childcare Supply Across the Bay Area

SAN JOSE, Calif.--(BUSINESS WIRE)--Several Bay Area municipalities are expanding efforts to support local childcare providers through the Upwards Boost program. Upwards, a nationwide childcare network, is launching new initiatives in Daly City, Mountain View, County of Santa Clara, and Sunnyvale—joining cities like San Jose, San Mateo, and Palo Alto in strengthening the region's childcare ecosystem. 'I'm proud that Mountain View is partnering with Upwards to give local childcare providers, particularly those in the City, with access to tools that will save them time and help strengthen their businesses," said City of Mountain View Mayor Ellen Kamei. The Boost program provides local childcare providers with free access to business management tools, including a digital platform that automates administrative tasks saving business owners several hours a day. In addition to back-office support, childcare providers can connect with prospective families, schedule in-person and virtual tours and share photos and video updates with enrolled families to keep them informed about their child's day. Childcare providers receive access to curriculum libraries for lesson planning, along with personalized 1:1 coaching to help strengthen and grow their businesses. Smaller providers often lack the resources to advertise and fill available slots. Upwards bridges this gap by offering marketing and family matching services—an often costly barrier for smaller operations. With this support, providers can fill open slots, hire teachers assistants and create more childcare spots for the community. In its first year, the Boost program in San Jose, Northern California's largest city, supported 131 childcare providers. As a result, over 40% of participating providers increased their capacity, and 42 new childcare jobs were created. Through new hiring, expanded licensing, and the opening of new facilities, the program paved the way for more than 220 additional childcare slots. Hiring has been especially critical: even when providers have the space or licensing to serve more children, they often can't open new slots without trained staff. Boost support enabled providers to meet staff-to-child ratio requirements, extend hours, and serve more families in the region. Nancy Thang, a San Jose Boost program provider, recently received positive feedback during an unannounced licensing visit at her daycare. Reflecting on the experience, she shared: 'The Boost program has helped me grow and learn, and I appreciate all the help. It takes a village to have a quality program, and Boost is part of it.' She's one of many providers in San Jose who have benefited from Boost support. In Sunnyvale, the City is thrilled to add the Boost program to uplift their population. 'Small businesses like childcare providers offer vital services to our community and are key to Sunnyvale's economic vibrancy,' said Jennifer Garnett, APR, Chief Public Information Officer for the City of Sunnyvale. 'We are looking forward to enhancing our existing childcare efforts through the Boost program.' 'Childcare is an essential service for our working parents,' said City of Mountain View Mayor Ellen Kamei. 'I'm proud that Mountain View is partnering with Upwards to give local childcare providers, particularly those in the City, with access to tools that will save them time and help strengthen their businesses.' This new collaboration with Upwards reflects the City of Mountain View's continued commitment to expanding and supporting quality childcare options. In addition to Boost, the City operates a childcare center at the Mountain View Senior Center and is among the few cities in the region to offer eight weeks of paid family leave to employees for the birth, adoption, or fostering of a child. Since the program's inception in 2022, Boost has helped over 400 childcare providers across 6 states, created over 130 childcare jobs and increased access to quality childcare for local families. 'We continue to see the Upwards Boost program make a significant impact in the communities it supports, big and small. The addition of Boost in the County of Santa Clara, Sunnyvale, Mountain View, and Daly City in the Bay Area reflects a growing trend of local governments responding to childcare needs,' said Jessa Santangelo, VP of Business Development and Community Impact. Childcare providers interested in learning more about the Boost program in their community can visit or contact Upwards at (323) 431-9223. About Upwards: Upwards (formerly WeeCare) is a technology-driven care solutions company with a mission to make care accessible to all families and empower the caregivers who provide it. Upwards brings together families, care providers, employers, and governments to create new care avenues in real-time and utilizes a data-driven approach to enhance the supply and capacity of the care system. Upwards matches families with caregivers equipped to meet their unique needs and connects families with the resources they need to afford care, whether through government subsidies or workplace benefits. To learn more, visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store