Recently, the Iowa Economic Development Board (IDED) announced it will extend the deadline businesses have to apply for financial assistance programs. Businesses that were damaged by the floods and tornados of last summer now have until July 31, 2009 to submit their applications for disaster recovery assistance.
The IDED Board decided yesterday how to allocate the department’s portion of the Fiscal Year 2010 Values Fund allotment. New guidelines governing the Values Fund, passed by the legislature last session, provide the IDED Board with more flexibility on how it designates the dollars it receives from the legislature. The new law that went into effect July 1st also provides them with the authority to shift funding for disaster assistance if necessary.
For more information, contact the the Rebuild Iowa Office at 866.849.0323.