County Economic Development Corporation supports the growth of existing
business and industry and the creation of new businesses. Recent
efforts have aided in the creation of a 45 million gallon ethanol
plant, expansion projects for two local employers and the purchase
of a speculative building in the Snap-On Industrial Park. Local
and state incentives along with support from the Kossuth County
Board of Supervisors make KCEDC a player in economic development.
The business and industrial base
of the county supports a number of employers (excluding government
and school) with an on-site workforce exceeding 100 employees. In
addition, Fortune 500 companies have production facilities in Kossuth
County. Although these familiar names employ many citizens, local
firms represent a large part of Kossuth County's total employment.
will find Kossuth County within one hour's drive to Interstate 35
traversing north/south and Interstate 90 traversing east/west. Major
markets including St. Louis, Omaha, Minneapolis, Milwaukee, Des
Moines, Kansas City and Chicago are within one day's drive.
Rural living in Kossuth County
means that you are well-connected to the world. Each community has
a fiber optics line available for telephone communications, local
dial-up connections for Internet access and T1 line capabilities.
Hybrid Fiber Coax/Fiber, Digital Subscriber Line (DSL), wireless
connections, and Virtual Private Networking (VPN) capabilities are
available. Local school districts and Iowa Lakes Community College
provide video conferencing and tele-commuting courses through the
Iowa Communications Network (ICN). Kossuth County has the only Tier
2 Internet provider in northwest Iowa.
Employers will find an educated
and productive workforce in Kossuth County.
businesses and industries benefit from a strong network of professional
services to support their economic activities. Kossuth County has
a strong financial services industry with twelve financial institutions
and eighteen offices scattered throughout the county. Banks are
found in all incorporated Kossuth County communities. Kossuth County
financial institutions have almost $400 million on deposit. Kossuth
ranks 30th in total deposits out of 99 counties in Iowa. When compared
to other non-metropolitan counties in Iowa, Kossuth ranks 21st overall
in total deposits. Kossuth County financial institutions have a
long history of working with individuals and businesses in Kossuth
County with many institutions chartered over 75 years ago.
Accounting, insurance, investment,
and legal professionals help area businesses prosper. Kossuth County
is home to twenty Certified Public Accountants, eighty insurance
agents, thirty-five registered investment representatives and twenty-eight
practicing attorneys. In addition, Kossuth County has a full-time
county attorney, a resident District Court Judge, a resident Senior
District Court Judge and a former Iowa Supreme Court Justice.
to new & aggressive commerce opportunities, Kossuth County strives
to assist entrepreneurs of all sizes in their success and growth.
A number of financial incentives are available by contacting KCEDC:
Enterprise Zone Program
— businesses locating new facilities or expanding existing
facilities and creating jobs may be eligible to receive certain
local and state tax benefits.
Assistive Device Tax
Credit — provides tax benefits through buying or
renting products or equipment or by making physical changes to the
workplace to help employees with disabilities.
Community Economic Betterment
Account (CEBA) — financing packages that work with
private and local sources.
Venture Project Component
of CEBA — makes equity investments to start-up and
Set-Aside (EDSA) — provides forgivable loans and
direct loans to businesses.
Assistance (EVA) — offers technical and financial
assistance to eligible start-up and early-stage enterprises.
Products & Processes Financial Assistance Program (VAAPFAP)
— promotes and encourages the value-added processing of Iowa
Iowa Small Business
— provides financing to new and expanding businesses through
the sale of tax-exempt bonds.
Small Business Investment
Companies (SBICs) — these privately owned investment
firms provide capital plus funds borrowed at favorable rates with
an SBA guarantee to bridge the gap between availability of venture
capital and the needs of small businesses in start-up and growth
Venture Network of Iowa
(VNI) — a statewide forum via the Iowa Communications
Network where Iowa entrepreneurs, investors and business advisors
interact and find financial and intellectual capital.
Small Business Administration
Loan Programs — provides a number of guaranteed loan
programs for small business.
Iowa Business Growth
Company — provides fixed-asset loans for land, buildings,
remodeling, new construction or equipment.
Iowa Agriculture Innovation
Center - provides assistance to Iowa agricultural producers
in business plan assistance, feasability studies, marketing development,
technology assistance, producer grants, and web design. For more
them on the web.
New Value-Added Grant
Program Available to Iowa Business
Adding value to Iowa Corn is a growing business.
To facilitate this expansion, the Iowa Corn Promotion Board (ICPB)
is offering a new financial assistance program. The Value-Added
Iowa Corn Grant Program provides financial assistance to existing
and startup businesses that will increase the use of corn. Feasibility
and marketing studies, business plans, process technology, and product
development are among the qualifying projects, with a percentage
of the total project being awarded as a grant to applicants meeting
the ICPB's criteria.
For more information and application guidelines,
go to the Iowa Corn website: www.iowacorn.org;
go the section titled "For Farmers," then "Market
Development," and finally "Value Added." Or you may
contact Lucy Norton, ICPB Director of Marketing, at 515-225-9242.
USDA Increases Income Limits for Rural
Dr. Dan Brown, State Director of Rural Development, announced that
new income limits have become effective for the agency's Rural Housing
100 percent financing is available and the interest
rate for families with eligible incomes may be reduced to 1 percent.
USDA Rural Development is able to loan in communitites with a population
of less than 20,000.
Please contact Nancy Nielsen at the USDA Rural
Development office in Humboldt by calling 515-332-4411. The office
located at 1301 6th Avenue North in Humboldt serves Calhoun, Humboldt,
Kossuth, Pocahontas, Webster, and Wright counties.
Details about income limits can be obtained from
any local Rural Development office or online at www.rurdev.usda.gov.
The Notice of Funds Availability (NOFA)
inviting applications for the 2010 Value-Added Producer Grant Program
(VAPG) has been released. $13.2 Million is available for producer
This program provides up to $500,000 assistance
to producer owned value-added ventures for planning activities including
feasibility studies, business plans and marketing plans. For ventures
that already have a feasibility study and business plan, funds may
be used for working capital expenses to operate a value-added business.
Iowa has received over $13 million over the past
3 years to fund 60 value added projects. These grants ranged from
$7,200 to $500,000 for ventures including ethanol, utilization of
dried distiller's grain for fertilizer, soy biodiesel, soy grease,
soy oil as a source of hydrogen for fuel cells, aquaculture, organic
meat marketing, beef processing facility, marketing "heat &
serve" pork products, chicken litter storage/utilization facilities,
The following web site contains the 2010 Announcement,
Program Regulations, Awardees from previous years and the forms
needed for completing an application:
This Ag Marketing Resource Center (AGMRC) web site
contains valuable resources including consultants and information
about existing value added activities:
State of Iowa - Statistical Comparison
Iowa is a great place to do business. For more information, see the Iowa, Minnesota and Wisconsin Statistical Comparison.
For more information, visit the Iowa Department of Economic Development's website for additional statistical data: http://www.iowalifechanging.com/business/statistics.aspx
Kossuth & Palo Alto County - Existing Industry Report
Report was completed by the University of Northern Iowa and provides insight into the impacts a particular industry has on the local economy. Often times this is referred to as the “multiplier effect” of dollars spent by the company and its employees that circulate through the area. The analysis includes workforce statistics, business operations, education and healthcare data. Click here to download the report.
Kossuth & Palo Alto County 2013 Economic Impact Snapshot
Report includes new business and workforce statistics, business operations, education and healthcare data.
Click here to download the report.