Article by Chris Giesen
The Mantorville Economic Development Authority recently received word that its Rural Business Enterprise Grant application was funded through the U.S. Department of Agriculture, Rural Development office. The EDA requested $29,000, of which all was funded, and committed another $31,000 of EDA funds to establish a revolving loan fund for qualifying small businesses in the community. After an unsuccessful application in 2011, CEDA reapplied this spring at no cost to the community. CEDA Community and Business Development Specialist Chris Giesen assisted the Mantorville EDA with the application. “This will be a great new tool for businesses in Mantorville. USDA was very helpful through the entire process,” Giesen said. “Now Mantorville is working on getting the word out that these loan funds are available,” he continued.