This low-interest loan program assists business with the acquisition of real estate, purchase of machinery & equipment, building improvements and working capital.  The IRP Program services all of Grundy County.

Butler & Grundy County Rural Electric Cooperative
Rick Whalen, Economic Development Manager
521 North Main Street, P.O. Box 98
Allison, Iowa 50602
Phone 1-888-267-2726
rwhalen@butlerrec.coop
This low-interest loan program assists new or expanding private businesses, local governments, and non-profit community development organizations.  Eligible uses include land purchases, buildings, fixed assets, m&e, residential housing projects, and working capital.  The minimum loan is $5,000.

Grundy County 555 RLF Program
Grundy County Development Alliance
705 F Avenue, PO Box 85
Grundy Center, IA 50638
319-825-3606
This new revolving loan program was created to assist small and emerging businesses in the county. This program can be used for retail and service businesses, among others. The interest rate will be around 5% and there will be a maximum repayment term of 5 years. The maximum loan amount is $5,000.  

Click Below to Download:
555 Informational Brochure

555 Application

Tax Increment Financing
City councils or county boards of supervisors may use the property taxes resulting from the increase in taxable valuation caused by the construction of new industrial or commercial facilities to provide economic development incentives to a business or industry. Tax Increment Financing may be used to offset the cost of public improvements and utilities that will serve the new private development, to finance direct grants or loans to a company, or to provide the local match for federal or state economic development assistance programs.