The federal Project Grant award of $1,000,000.00 was provided by the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Energy for America Program (CFDA 10.868). The grant supports Iowa Rotocast Plastics Inc., a for-profit manufacturing company, in implementing renewable energy systems and energy efficiency improvements at their facility in Decorah, Iowa. The 2-year award, with a completion date of January 17, 2027, is intended to help the rural business reduce energy costs, enhance energy efficiency, and expand the use of renewable energy technologies such as solar panels, wind turbines, and HVAC upgrades. This award is part of the Department of Agriculture's broader initiative to assist small businesses, agricultural producers, and other rural entities in adopting renewable energy and energy efficiency measures through the REAP program, which anticipates $1.055 billion in Inflation Reduction Act funding for fiscal years 2025-2027.
Generated 3/4/25, 5:43 AM