Economic Development Fund
About the Fund
The Linn County Economic Development Fund was established to foster and support economic growth in Linn County. Economic Development grants are for organizations that are located in Linn County, Iowa or that have a branch location in Linn County and whose work benefits Linn County residents.
The Linn County Board of Supervisors implemented a new process for organizations seeking economic development funding from the county in fiscal year 2016. The new process creates a more formalized application and reporting process to better measure the impact of funding and enhances the accountability of successful applicants. For the current FY17 Economic Development Fund, $140,000 is available.
This is a competitive application process.
The complete application criteria and application packet is available for download here.
Economic Development grants will be made to organizations that are located in Linn County, Iowa or that have a branch location in Linn County and whose work benefits Linn County residents.
Applicant must be an applicant in good standing to be eligible to receive additional funds; those who have not completed previously funded projects or submitted the required final report for previous Economic Development grants are not eligible for funding.
Types of Projects Eligible
Grant funds must be used for programs or projects that benefit Linn County residents. Requests for programmatic and capital projects are eligible; requests for operating support are not. Grants must be for expenses that have not yet been incurred.
Preferred applications will accomplish the following:
- Project/program promotes economic growth for Linn County
- Demonstrates return on investment dollars
- Project/program does not duplicate current economic development initiatives
- Demonstrates a sustainability plan for project continuation beyond Linn County funding
Timeline for FY17
May 6, 2016 Application becomes available
June 1, 2016 Deadline to request a making a presentation to the Board of Supervisors
June 27, 2016 Application deadline
August 2016 Board of Supervisors makes funding decisions
April 30, 2017 Final reports due for FY17 grant recipients
The Linn County Board of Supervisors Economic Development Fund receives more funding requests than it can possibly grant. If support of a worthwhile program is declined, this decision does not reflect on the value of the group or service, but rather on the need to be selective because of limited resources. Preference may be given to new applicants.
For Questions Contact:
Barbara Schmitz, Executive Assistant to the Board of Supervisors
Final reports for the FY16 grant cycle are due June 15, 2016.
Final reports for the FY17 grant cycle are due April 30, 2017.