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$65,840 to SIMPCO for Economic Development

Friday, September 4, 2009

WASHINGTON -- Senator Chuck Grassley said today that the U.S. Department of Commerce's Economic Development Administration has awarded a $65,840 grant to the Siouxland Interstate Metropolitan Planning Council in Sioux City.

"These funds should help generate economic growth and new jobs in Iowa," Grassley said. "This public - private partnership should serve Iowa's economic interests well."

The Siouxland Interstate Metropolitan Planning Council (SIMPCO) will use the money to help develop and implement a comprehensive economic development strategy that brings together the public and private sectors to diversify and strengthen the regional economy in Cherokee, Ida, Monona, Plymouth and Woodbury Counties as well as Dakota County, Nebraska.

The Economic Development Administration serves as a venture capital resource to meet the economic development needs of distressed communities throughout the United States through the promotion of innovation and competitiveness and preparing regions for growth and success in the global economy.

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