USDA highlights $1 million Iowa cooperative loan for food-industry equipment
An October 14 statement describes a Lamoni manufacturer’s expansion and equipment investment, with six jobs expected.
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The US Department of Agriculture highlighted a US$1 million loan to Central Iowa Power Cooperative in an October 14 statement on Iowa cooperatives. The cooperative is using it to fund a pass-through loan to Industrial Hardfacing Inc. in Lamoni, supporting building expansion and equipment purchases.
Industrial Hardfacing makes custom parts for rendering, meatpacking, oilseed and pet-food industries. USDA expects the project to create six jobs. The statement presents an example of existing support; it does not give the original loan-award day or report that the jobs have already been created.
Data
USDA highlights $1 million Iowa cooperative loan for food-industry equipment
| 1000000 | 6 |
Methodology
The loan amount describes existing support; the job count is USDA’s expectation. October 14 is the statement date, not the original loan day.
Updated:
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