Economic Development
Development Assistance Programs
CIPCO and its member owners have a definite interest in growing Iowa’s economy. Programs, policies and partnerships have been developed and formed over the years in support of economic growth, by assisting prospective power customers in property location, financing and incentive pricing.
Revolving Loan Funds - Individual cooperative revolving loan funds available across Iowa, provide millions of dollars in alternative financing. These flexible financing tools offer low cost financing to assist in project expansions. CIPCO’s revolving loan fund was created to improve the quality of life in rural areas by contributing to long-term improvement in local economies. For more information click here.
Iowa Capital Corporation - A Venture Capital Fund providing a source of risk capital for promising start up companies in Iowa. The focus has evolved on young technology companies located primarily in the Midwest. To learn more about the Iowa Capital Corporation, visit www.cma-inc.net.
CMA Bank Advisors - Capitol Management Associates (CMA) was formed in 1993 as a subsidiary of CIECO to manage the Iowa Capital Corporation fund. In 2008, CMA Bank Advisors was developed as a division of CMA as a professional services firm based in Des Moines, Iowa. CMA Bank Advisors provides consulting services to financial institutions. These services include: Mergers and Acquisitions of State and National Banks and Thrift Institutions; Commercial and Agricultural Lending Quality and Compliance; Asset/Liability Management, Policy and Reporting Systems; Human Resources Services; and Information Technology and Project Management.
Iowa Area Development Group - (IADG) was organized in 1985 to solicit new businesses and promote the expansion of current businesses within the service areas of Iowa’s electric cooperatives. The economic development professionals at IADG are uniquely qualified to provide businesses valuable insights about the state of Iowa, communities, business climate and available contacts and resources.
Myriad Developers L.C. - is a limited liability company, formed in 1993, as an investment company that finances joint economic development infrastructure within member cooperative service territories. Myriad, in cooperation with our members, has been instrumental in developing and investing in housing developments and several speculative buildings. A premier project is the Myriad Technology Plaza, located at the Oakdale Research Park complex in Coralville, Iowa, which consists of four buildings with a total of 44,000 square feet of space.
MyEntre.Net – Through our partnership with the University of Northern Iowa, this online resource is available to small business owners and entrepreneurs to access capital. The Iowa Money Map, a feature within this site, allows access to different grants, loans and equity investment programs offered in the state of Iowa. Enrollment is easy; go to www.myentre.net and set up your log in and password to access the Iowa Money Map and other business resources.