FAYETTE, Iowa (November 7, 2008) -- Upper Iowa University e-Center Director Andrew Wenthe announced applications for the $40,000 UIBD grant are now being accepted through April 25, 2009.
This is the second year the competitive grant will be offered to entrepreneurs interested in starting, expanding, or relocating a business in Fayette. Debbie Marmann, owner of Fayette Flooring, was the first recipient of the UIBD grant with an award of $15,000.
"The committee was excited to extend the first grant this year and see how the award helped Fayette Flooring," said Wenthe. "Creating jobs and opportunities for northeast Iowans is our mission with this initiative, and we look forward to considering new applications that will help us to move Fayette forward."
Applications will be evaluated on criteria ranging from expected impact on the community in terms of jobs created, local tax revenue, e-commerce opportunities, and whether or not the business can provide a measurable benefit or amenity to the community.
Applicants must have a sound business plan that demonstrates growth potential and sustainability. A link to local economic development personnel is also available online for applicants needing help developing their business plan.
The UIBD Grant is made possible by a generous donation of $500,000 from alumnus Bob and Betty Firth, both UIU board members and longtime university benefactors. Bob was recently elected Chairman of the UIU Board of Trustees. The Firths are currently building a new eco-friendly home in Fayette.
The UIBD grant application is available online at www.uiu.edu/ecenter, along with complete information about Upper Iowa University's e-Center. Questions can also be directed to Wenthe at firstname.lastname@example.org or 563-425-5348.
For more information about Upper Iowa University, go to www.uiu.edu.
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