Regional Economic Development Partnership Receives State Funds

Debi Durham, director of the Iowa Economic Development Authority, recently awarded the Cedar Valley Regional Partnership (CVRP) $42,500 for economic development initiatives in northeastern Iowa. The CVRP is a regional economic development partnership representing six counties in the Cedar Valley Region of Iowa.

The award will complement the nearly $100,000 two-year marketing budget for the CVRP that will be used to support initiatives that are targeted to improve the economy of the Cedar Valley Region by focusing on business attraction, retention and expansion objectives. Other goals of the CVRP marketing plan include the maintenance of economic and statistical databases and supporting workforce development and recruitment initiatives within the educational institutions of the region.

Key business attraction efforts will be targeted with site selection executives in cities such as Chicago, Dallas and Atlanta, plus the redevelopment of the website to enhance attraction efforts online. Another key project for the CVRP will be the development of the BEST of Cedar Valley Business Retention and Expansion program. This program will use the Synchronist economic development tool to support existing businesses expansions in the Cedar Valley through one-on-one interactions with over 100 top level executives of interstate commerce companies in the Cedar Valley.

Support for the Cedar Valley Regional Partnership comes from the Greater Cedar Valley Alliance and Chamber, Waverly Area Economic Development, Buchanan County Economic Development, Butler/Grundy County Development, New Hampton Area Economic Development and the Iowa Northland Regional Council of Governments. Other economic development partners include Hawkeye Community College, MidAmerican Energy, Alliant Energy and Black Hills Energy.

The award is being made to Iowa Northland Regional Council of Governments, which will administer the grant award for the CVRP. The contract is anticipated to begin January 1st, 2015.