ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE OFFERS RESOURCES TO ASSIST BUSINESS OWNERS

Small businesses are at the heart of local communities. At ACEC, we have numerous resources available to help businesses. “We value the role our local businesses play in supporting our communities. Business owners and their employees are vital to Northeast Iowa and we want to help provide resources for them,” said Brenda Hackman, ACEC’s manager of economic development and community relations. 

To increase communication to businesses, please email or call me with your contact information so I can send you additional resources, as they arise.

Thank you,

Brenda Hackman

Brenda Hackman
Manager, Economic Development and Community Relations
bhackman@acrec.coop
563-605-6026

Revolving Loan Fund

Contact us for more information about:

  • USDA Rural Development Loan Programs

  • Allamakee-Clayton Electric Cooperative Economic Development Loan Program

Funding for energy projects:
There may be funding available for renewable energy or energy efficiency projects through USDA Rural Development.

There is also an opportunity for dairy producers to purchase more energy-efficient equipment through the NRCS Environmental Quality Incentives Program (EQIP). For more information contact your local NRCS office or contact Ryan Wagner at rwagner@acrec.coop or call 888-788-1551. Along with directing you to the appropriate USDA representatives, Ryan can assist you by completing the required energy efficiency audit on your proposed project.

Iowa Economic Development

Looking for local support to help you with your questions?  A joint partnership has been established between Northeast Iowa Community College, Greater Dubuque Development Corporation, the Small Business Development Center, and the East Central Iowa Intergovernmental Association to help business owners, nonprofits and self-proprietors.  Business owners may call 563-588-3350 from 8:30 a.m. – 4 p.m., Monday through Friday, or email sbhelpline@nicc.edu

Postville site

Industrial sites are available on ACEC lines. For more information, contact Brenda Hackman at 563-605-6026

USDA Rural Economic Development Loan

Nexus Cooperative

A USDA Rural Economic Development Loan (REDLG) application written by Dairyland Power and submitted by ACEC provided a $2 million loan to Nexus Cooperative to purchase equipment for an expansion at the existing feed mill in Elgin (December 2024)

USDA Rural Economic Development Revolving Loan

White Haus Social

ACEC and Dairyland Power Cooperative together loaned a total of $400,000 in USDA Rural Economic Development Revolving Loan funds to White Haus Holding, LLC, outside of Waukon to construct and furnish a new event venue, White Haus Social. (September 2024)

USDA Revolving Loan Fund

ACEC ($200,000) was proud to partner with Dairyland Power Cooperative ($200,000), Corn Belt Power Cooperative ($200,000) and Butler County REC ($100,000) to provide a combined $700,000 in USDA Revolving Loan Funds (RLF) for the Sumner Daycare and Learning Center, Inc. for its new building. (May 2024)

USDA Revolving Loan Fund

Rainbow Quarry

ACEC loaned over $143,693.75 in USDA Revolving Loan Fund (RLF) money to assist Rainbow Quarry LLC outside of Rossville to purchase a diamond band saw to expand its product base. (April 2024)

USDA Revolving Loan Fund

ACEC loaned $75,000 to Shea Properties, LLC from the USDA Revolving Loan Fund (RLF) for a commercial building remodel and green space renovation located in an historic downtown building in Elkader. (March 2024)

USDA Revolving Loan Fund

ACEC worked with the Hawkeye Fire & Rescue for a $100,000 USDA Revolving Loan (RLF) for a new fire station. (December 2023)

 

USDA's Rural Economic Development Loan (REDLG Program)

ACEC ($1.5 million), along with MiEnergy Cooperative ($1.86 million) and Dairyland Power Cooperative ($2,500 and a $2,500 match from CoBank), utilized the USDA's Rural Economic Development Loan (REDLG) program to assist the Sunflower Child Development Center with funds for construction of a new childcare facility. (December 2022)

 

USDA Revolving Loan Fund

ACEC approved an application for $66,000 through the USDA Revolving Loan Fund Program for K9 Country to purchase equipment for their dog boarding and daycare facility, located outside of Colesburg. (December 2022)

 

USDA Revolving Loan Fund

ACEC approved an application for $350,000 through the USDA Revolving Loan Fund Program for equipment for the River Town Dentistry in Guttenberg. (May 2022)