Spencer Municipal Utilities Honored with Economic Development Impact Award

04/04/2013 10:35 AM

Iowa’s municipal utilities utilize strategic partnerships to make a significant contribution to community vitality and sustainable economies throughout the state. Iowa Area Development Group (IADG) annually recognizes their electric utility sponsors for outstanding commitment, contribution, and participation in business development projects and local community initiatives.   

At Corn Belt Power Cooperative’s annual meeting in Fort Dodge, five member electric utility systems were recognized for their economic development accomplishments and commitment to their local communities.  With the success of these development projects, the rural electric cooperatives and municipal electric systems are positively impacting the quality of life and the economy of Iowa. 

Spencer Municipal Utilities has been instrumental in numerous development projects and initiatives throughout the community. In recognition of their leadership and support, Spencer Municipal Utilities was presented with an Impact Award for project development.

Spencer Municipal Utilities secured a $5,000 grant from the Ripple Effect program, enabling StartUpCity Spencer to provide significant technical assistance to entrepreneurs. Such assistance can include active mentoring by professionals, targeted education, ongoing collaboration with peer startups, networking with other incubators and accelerators, and assistance with strategic planning. The Ripple Effect program is a dynamic partnership between IADG and Iowa Network Services to provide financial and technical assistance through the network of independent telecommunications companies.

“I would like to commend Spencer Municipal Utilities for their ongoing commitment to community and business development,” stated Rand Fisher, IADG president. “IADG is pleased to recognize their active involvement in nurturing entrepreneurial activity as well as new and existing businesses, which add to the career opportunities and vitality of their community.”

The Iowa Area Development Group is the marketing and business development office for Iowa’s member-owned rural electric cooperatives, select municipal electric utilities and independent telecommunication companies.  IADG has assisted with over 1,800 successful business expansions and start-up projects.  This growth represents capital investment of more than $7.56 billion and 45,000 jobs for Iowa.  The Iowa Area Development Group was established in 1985 to promote and strengthen rural Iowa development opportunities. Stay connected with IADG news at www.facebook.com/IADG.IA and www.twitter.com/IADGIOWA.  

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