Indian Hills Community College has been awarded a $750,000 grant from the U.S. Department of Commerce’s Economic Development Administration to help build a business incubator for new or expanding businesses in the region.
“Indian Hills has worked in conjunction with our vital partners including the Legacy Foundation, the Wapello County Board of Supervisors and the Rotary Club of Ottumwa to secure funding for the business incubator which will be a catalyst for economic development in our region,” said Indian Hills President Dr. Jim Lindenmayer.
The EDA investment will help Indian Hills build a 10,000-square-foot flexible, multi-use building at the college’s North Campus to help grow and foster new and expanding businesses that will help to ensure the growth of the local economy.
“This incubator will be an important tool for area developers and entrepreneurs,” Dr. Lindenmayer said. “Rural areas like ours find it very difficult to accomplish these types of projects without the financial and technical assistance that EDA has provided.”
The mission of the EDA is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. The EDA makes investments in economically-distressed communities in order to create jobs for U.S. workers and accelerate long-term sustainable economic growth.