Iowa Lakes Electric Cooperative creates and fosters economic development opportunities for the benefit of new and/or existing businesses, local communities and Northwest Iowa. By offering meaningful resources and services, the Cooperative is putting "energy" into the communities we serve. Put Iowa Lakes Electric Cooperative's experienced staff to work for you. Iowa Lakes Electric Cooperative has access to funding sources to stimulate economic growth and development in its service area. ILDC is a wholly-owned economic development subsidiary of Iowa Lakes Electric Cooperative which can assist rural communities in joint financing of projects - Providing quality jobs, adequate housing and infrastructure improvements.
Economic Development
Business Disaster RLF Program
One June 24, 2024, Spencer, Sioux Rapids and other areas in northwest Iowa experienced widespread flooding, which caused extensive damage to many businesses. The affected businesses will be faced with assessing damage and decisions on how to move forward with repairing or rebuilding to reopen and reestablish operating revenue. However, while business revenues may have stopped or greatly diminished, expenses continue. As a result, many of these businesses will need access to flexible capital to serve as a bridge until revenues can be restarted or return to more normal levels.
​
Working in partnership with Iowa Lakes Corridor Development Corporation and other area economic development groups, ILEC is setting aside $200,000 of funding for this special working capital program which works within the confines of the existing and approved RLF Plan and/or administrative rules of the RLF.
​
Contact Iowa Lakes Electric Cooperative at 800-225-4532 with any questions.
How Can Iowa Lakes Electric Cooperative Help You?
-
Site Selection services
​
-
Financial packaging
​
-
Technical assistance with local, state and federal funding programs
​
-
Analysis of your power needs and coordination of electrical engineering infrastructure
​
-
Energy efficiency and power quality services
Iowa Lakes Electric Cooperative is located in Northwest Iowa with access to a sufficient transportation network.
​
-
Access to I-90, rail and regional airports
​
-
Housing availability and recreational opportunities in the communities within Iowa Lakes Electric Cooperative's service territory
​
-
Ideal place to work, live and play
Iowa Lakes Electric Cooperative prides itself in being proactive in economic development activities within its service area. Working with partners, Iowa Lakes Electric Cooperative strives to create more opportunities to benefit its member-owners, local communities and regional economic vitality.
​
Partners
Corn Belt Power Cooperative (CBPC) headquartered in Humboldt, Iowa and Northwest Iowa Power Cooperative (NIPCO) headquartered in Le Mars, Iowa, are generation and transmission electric cooperatives owned by their member distribution cooperatives. CBPC and NIPCO offer many economic development programs and services.
​
Iowa Area Development Gorup (IADG) is a statewide economic development office for Iowa's customer-owned rural and municipal electric utilities. IADG provides professional assistance with site selection, financial packaging, and marketing.
​
In accordance with Federal law and U.S. Department of Agriculture policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, religion, age, disability, or marital or family status. (Not all prohibited bases apply to all programs.)
​
To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Ave SW, Washington, D.C. 20250-9410 or call 202.720.5964 (voice and TDD). USDA is an Equal Opportunity provider and employer.
Commercial and Industrial Incentives
Iowa Lakes Electric Cooperative offers energy efficiency incentives for its commercial and industrial accounts.
Incentives are provided for energy efficient lighting, adding variable frequency drives to motors, building envelope improvement and more. Please contact Iowa Lakes Electric Cooperative for more details.