Businesses in the Wellman and Oxford areas are among the recipients of the Iowa Economic Development Authority’s (IEDA) Rural Innovation Grants, announced today by Gov. Kim Reynolds.
As part of the Governor’s Empower Rural Iowa Initiative, over $275,000 in grants will be distributed to 20 small businesses across rural Iowa, aimed at fostering growth and sustainability in communities with populations under 20,000.
“Entrepreneurship in rural areas builds sustainable, resilient communities,” said Debi Durham, director of IEDA and the Iowa Finance Authority. “These grants help businesses continue to turn a profit and grow, while providing good-paying jobs and keeping wealth right at home.”
Calyx Creek Lavender & Lodging in Oxford is one of the recipients, with plans to bring production of culinary lavender products on-site. Using its own Iowa-grown lavender will allow for the creation of six to eight new culinary lavender products, including lavender-infused baking mixes, lavender syrups, a variety of flavors, drink blends and culinary lavender buds.
Freeman Foods, located in Wellman and North English, say technology upgrades at both grocery locations will support online ordering, as well as pick-up and delivery services. Point-of-sale and back-office systems will also be updated to better serve customers, particularly aging populations and those living in rural areas of Washington and Keokuk counties.
According to a release, the Rural Innovation Grant program supports creative, nontraditional ideas that address critical issues and development challenges faced by small communities. This year’s grant award focused on independently owned grocery stores struggling to upgrade technology or adopt new service delivery models; small food producers, to assist in getting their products into new markets; and second-stage growth companies – those that have been operating for a few years with sales typically more than $1 million.
This year, IEDA received 40 applications, including 27 from rural grocers, nine from food producers, and four from second-stage growth companies.
A complete list of Rural Innovation Grant recipients can be found here.
Fourteen local nonprofits were selected by GreatAmerica employees
GreatAmerica Financial Services announced its Employee Advised Fund has distributed $250,000 to nonprofits in Eastern Iowa as part of its fall 2024 giving cycle. According to a news release from GreatAmerica, the fund is a component of the company’s “GreatAmerica Gives Back” initiative, which includes time, talent, and financial contributions from both the company and its employees.
The $250,000 distribution marks the second giving cycle of 2024, bringing the company’s total charitable contributions for the year to over $1.1 million.
GreatAmerica employees make giving decisions through the Employee Advised Fund, which votes on applications from nonprofits.
In addition to the Employee Advised Fund, GreatAmerica awarded over $600,000 from its Donor Advised Fund within the last year, benefitting Cedar Rapids and neighboring communities, the release states.
“It is heartwarming to see the commitment our team members have for the nonprofits in our community,” stated GreatAmerica CEO Martin Golobic in the release. “The Employee Advised Fund is a special component of our overarching GreatAmerica Gives Back initiative, and we are passionate about demonstrating our care for our community.”
This year, 14 nonprofits were selected from 28 applicants to receive grants ranging from $4,000 to $25,000. The grants focus on health and human services, arts and culture, environmental efforts, and public projects.
Recipients include:
The Employee Advised Fund was established in 2022 and has completed four giving cycles to date. Applications for the next cycle will open this spring. As stated in the release, nonprofits with 501(c)(3) status must secure sponsorship from a GreatAmerica employee to apply.
The company also announced its third annual Founders Fund award recipient
TrueNorth Companies announced at its December all-colleague meeting that its 2024 philanthropic efforts exceeded $1.3 million in donations, surpassing the $1 million milestone reached in 2023.
As stated in a news release from TrueNorth, these funds were distributed through various channels, including TrueNorth and First MainStreet’s community impact funds, quarterly colleague-led fundraising efforts, a colleague match program, and the TrueNorth Legacy Foundation.
The donations supported more than 350 nonprofit organizations across the U.S. In September, the risk management and insurance brokerage firm distributed $540,000 of the funds raised to various community initiatives.
During its annual meeting, the TrueNorth Legacy Foundation also presented its third annual Founders Fund award, which recognizes a TrueNorth colleague for outstanding volunteerism and commitment to a nonprofit organization. This year’s honoree, Claims Specialist Teri Krumm, was recognized for her work with Sleep in Heavenly Peace, a nonprofit dedicated to ensuring that every child in Linn County has a bed of their own.
“The intention of the Founders Fund is to recognize colleagues who are stepping up to be there for their families and clients while making a difference in the community,” said Matt Evans, TrueNorth Legacy Foundation board president, in the release. “Honoring the philanthropic spirit of our six founding members, this annual award offers our colleagues a platform to shed light on good work and secure funding to further the organization’s mission.”
In addition to colleague recognition, the Legacy Foundation’s Founders Fund contributed $10,000 to the chosen cause.
“Throughout her tenure at TrueNorth, Teri has made a tremendous impact on TrueNorth’s Community Outreach efforts,” said Anne Parmley, TrueNorth’s community impact director, in the release. “She really is a role model to other colleagues and has inspired us all to support and uplift the causes that matter to us.”
The Founders Fund award marked the conclusion of the Legacy Foundation’s 2024 grant cycle. As stated in the release, grant recipients are selected based on three criteria: