Redl - telecom grant

The Project Grant award of $248,249 from the Department of Agriculture Rural Housing Service will support Kalona Cooperative Tele Co's efforts to promote rural economic development and job creation in Iowa through January 2024.

Under the Rural Economic Development Loans and Grants program (CFDA 10.854), Kalona Cooperative Tele Co will use the funding to conduct feasibility studies, cover start-up costs, and fund other reasonable expenses associated with incubator projects that foster rural development. Commonly known as the REDL program, this federal initiative aims to promote rural economic growth through projects that analyze the viability of new business ventures, subsidize initial operational expenses of rural startups, and support incubators helping entrepreneurs.

By leveraging $248k in REDL grant monies awarded in January 2022, Kalona Cooperative Tele Co will deliver technical assistance and other services to Iowa's rural communities and businesses over the next two years, with the goal of stimulating local economic activity and job creation in the state's agricultural regions.