The Rural Economic Development Loans and Grants program (CFDA 10.854), administered by the U.S. Department of Agriculture Rural Business Cooperative Services, awarded a $300,000 Project Grant to Spencer Municipal Utilities on January 19, 2024. This funding will support rural economic development and job creation initiatives in the state of Iowa over a two-year performance period ending on January 19, 2026. Typical activities funded under this program include project feasibility studies, start-up costs, business incubator projects, and other reasonable expenses associated with fostering rural development and job growth. The grant will enable Spencer Municipal Utilities to pass through the funds to support local businesses and rural development projects in the area.
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