The Ottumwa Courier

Business

August 20, 2013

Incentives increased for Chamber Revitalization Fund

FAIRFIELD — The Fairfield Area Chamber of Commerce, Community 1st Credit Union, First National Bank in Fairfield, Iowa State Bank & Trust Company of Fairfield, Libertyville Savings Bank and MidWest/One/Bank have endorsed the continuation of the Chamber’s Fairfield Revitalization Fund program for new and existing retail businesses within three blocks of the Fairfield square and in the New Chicago area.

“The fund targeted for small and emerging businesses in downtown Fairfield and the surrounding area features reauthorization and participation of five financial institutions,” Nancy Morrissey, Chamber executive director, said. “Community 1st Credit Union, First National Bank in Fairfield, Iowa State Bank & Trust Company of Fairfield, Libertyville Savings Bank and MidWest/One/Bank will offer low-interest business loans to qualifying businesses through Aug. 31, 2014.”

“The Chamber Revitalization Fund has helped many businesses in the downtown and strengthened our local retail,” said Fairfield Mayor Ed Malloy. "As we begin our planning for downtown façade restoration, the Chamber Revitalization Fund will play a vital part in restoring our square to its original glory and continue the work of beautifying our community.”

The maximum size of the loans is $100,000 with a five-year guaranteed fixed rate of 3.75 percent. Other terms and conditions may be determined by the participating financial institution. Uses of funds permitted include building purchase, rehabilitation, equipment purchase, inventory expansion and working capital.

In order to qualify for the fund, businesses or business start-ups must be physically located within the qualifying area. Loans are available for building owners and/or tenants. Applicants must be able to demonstrate a projected net increase in occupancy and/or job creation. Interested parties should contact the Fairfield Area Chamber of Commerce, where application materials are available. The applications are then reviewed by a five-member committee for recommendation and action.

For more information on the fund or to apply, contact Nancy Morrissey at the Chamber at 641-472-2111 or nmorrissey@fairfieldiowa.com.

1
Text Only
Business
  • Local grains for July 26, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.61 Farmer’s 3.57 12.34 DFS Osky 3.56 12.58 Reiff Grain 3.55 12.34 Wapello Co. 3.41 12.26 Two Rivers 3.43 12.40 Tri-County n/a n/a n/a

    July 25, 2014

  • West Music receives two national awards CORALVILLE — West Music Company, headquartered in Coralville, has been honored with two national awards, a Top 100 Dealer award by the National Association of Music Merchants (NAMM) as well as the Steinway Dealer of the Year award in June 2014. The T

    July 25, 2014

  • MidWestOne releases earnings IOWA CITY — MidWestOne Financial Group Inc. recently reported results for its three and six months ended June 30. Net income for the second quarter of 2014 rose to $4.8 million, compared with $4.5 million for the same period last year. Diluted earnin

    July 25, 2014

  • Local grains for July 25, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.59 Farmer’s 3.55 12.33 DFS Osky 3.54 12.60 Reiff Grain 3.54 12.30 Wapello Co. 3.39 12.25 Two Rivers 3.42 12.37 Tri-County 3.49 12.33

    July 24, 2014

  • Local grains for July 24, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.60 Farmer’s 3.57 12.49 DFS Osky 3.55 12.51 Reiff Grain 3.55 12.40 Wapello Co. 3.47 12.34 Two Rivers 3.42 12.29 Tri-County 3.55 12.48

    July 23, 2014

  • Local grains for July 23, 2014 (Per bushel) No. 2 No. 1 Corn Soyb WhtCargill 3.62Farmer’s 3.60 12.27DFS Osky 3.57 12.47Reiff Grain 3.54 12.20Wapello Co. 3.50 12.17Two Rivers 3.40 12.23Tri-County 3.58 12.26 4.53Troy Blfd 3.59 12.26 4.39Troy Bkbg 3.48 12.16 4.37

    July 23, 2014

  • 0723 OTT Business grant bw photo -L -T SIEC, Co-Bank match trails grant funds BLOOMFIELD — Southern Iowa Electric Cooperative and Co-Bank have awarded the Davis County Trails Council $10,000 through Co-Bank’s Sharing Success Matching Grant Program. Co-Bank’s “Sharing Success” matching grant program is designed to celebrate the

    July 22, 2014 2 Photos

  • Local grains for July 22, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.66 Farmer’s 3.56 12.18 DFS Osky 3.61 12.39 Reiff Grain 3.54 12.04 Wapello Co. 3.46 11.99 Two Rivers 3.44 12.14 Tri-County 3.60 12.08

    July 21, 2014

  • Local grains for July 19, 2014 (Per bushel) No. 2 No. 1 Corn Soyb WhtCargill 3.76Farmer’s 3.69 12.19DFS Osky 3.71 12.40Reiff Grain 3.64 12.00Wapello Co. 3.56 11.95Two Rivers 3.54 12.15Tri-County 3.60 12.04 4.72Troy Blfd 3.57 12.04 4.66Troy Bkbg 3.59 12.05 4.65

    July 19, 2014

  • Ottumwan one of the best PORTLAND, Ore. — Ottumwa High School graduate David Venables has been recognized as an attorney on the rise. Venables, a 2000 OHS grad, has been named one of the top 2.5 percent of lawyers in the state of Oregon. This is his second consecutive year b

    July 18, 2014

Obituaries
Record
Facebook
AP National