Tod Faris, Appanoose Economic Development Corporation executive director, issued the following report for the month of August 2013.
Revolving Loan Fund: The RLF Loan Review Committee approved and closed two new RLF loans with Appanoose County businesses. This brings the total to 31 loans to Appanoose County businesses totaling $537,740 in nearly six years. These loans have created 103 new jobs and retained an additional 105 jobs. These loans have also leveraged an additional $3,785,355 in capital improvements and funding from those businesses. Thirteen of the 31 loans have been paid in full and the others are being paid down monthly.
Governor’s Visit to Appanoose County: Gov. Branstad and Lt. Gov. Reynolds toured Wells Manufacturing Aug. 22. Faris was informed the governor would come through town and wanted to tour a manufacturing facility for an hour. After some research, Wells Mfg. was chosen because this is one of the facilities that Gov. Branstad helped attract to Centerville in 1985. With the help of David Taylor (AEDC board member at that time) and the new database of digitally archived Iowegian articles, Faris downloaded copies of three articles involving Gov. Branstad and Centerville all printed in May 1985. The article announcing that Rubbermaid was locating in Centerville was May 16, 1985 including a picture and quotes from Gov. Branstad; the article about the APNC Railroad dedication including quotes from Gov. Branstad as he spoke at the event on the 18th was printed May 20, 1985; and the article about Wells Manufacturing location to Centerville was May 25, 1985. All of these articles were forwarded to the governor for him to review before the visit. During the visit, both the governor and Lt. governor talked about the articles, and how great it was to witness the success of Wells Manufacturing over the past 28 years.
Sustainable Economies Program: The film crew from Iowa State University will be back in Centerville Sept. 13 to complete the filming of the video of what is happening with the Appanoose Sustainable Economies Program. Faris is scheduling a few more people for additional shots, and then will assist in selecting more “b-roll” video and still shots throughout the county to fill in throughout the video. This video will ultimately be posted on the Iowa State Extension website, the AEDC website and other appropriate local websites. The CIRAS organization will also use this video to market their sustainability program. This approximately six minute video is being produced at no cost to Appanoose County.