CVEC Honored with Impact Award
Iowa’s rural electric cooperatives commitment goes far beyond ensuring safe, reliable, affordable and environmentally responsible energy for our members. Cooperatives, like CVEC, actively create and foster strategic partnerships and provide technical and financial assistance to support business growth and community vitality. Annually, the Iowa Area Development Group (IADG) recognizes electric utility members for outstanding commitment, support and participation in business development projects and community initiatives. During the recent Chariton Valley Electric Cooperative Board Meeting, CVEC was recognized for its economic development accomplishments and commitment to the communities it serves.
Chariton Valley Electric Cooperative was presented with an IADG Impact Award for business development. CVEC has supported economic development in our territory for many years. Recent examples of CVEC’s involvement include several projects supported by funds secured through the USDA Rural Economic Development Loan & Grant (REDL&G) program. These include $1 million loans provided for each of the following projects.
Preferred Wholesale, Inc’s construction of a new 43,726 sq. ft. facility in the Albia Industrial Park, which will allow them to accommodate growing product demand of their product, Iowa Smokehouse meat snacks.
Seats Incorporated’s purchase of a 57,200 sq. ft. building in Chariton that will enable them to upgrade and streamline their production process of seats used in industrial and commercial vehicles.
Monroe County Hospital and Clinic’s completion of their $20 million expansion project that will enhance the clinic, specialized care and other outpatient services.