News State Review Committee Approves First I-JOBS Applications Posted 25 June 2009 Helping communities recover and rebuild from the historic floods of 2008, the Review Committee of the I-JOBS Board of Directors met today and approved the first seven applications for funds from the Local Infrastructure Program. The applications total $45 million and will be considered for approval by the I-JOBS Board when it meets on Monday, June 29 in Cedar Rapids. Governor Culver said: “The I-JOBS program is moving ahead quickly to help our state rebuild, create jobs and move forward toward a brighter, stronger future. Whether it’s rebuilding from last year’s historic natural disasters or helping Iowa work its way out of the national recession, this initiative will help our entire state.” The $830 million I-JOBS program is designed to strengthen Iowa's economy, help our state recover from the natural disasters of 2008, and create or retain thousands of jobs across Iowa. The I-JOBS Board oversees the Local Infrastructure Program which includes $165 million for disaster recovery and prevention and local infrastructure. Of that, $46.5 million is reserved for specific entities that suffered damages during last year’s historic storms and floods. Today’s applicants are part of that pool. The statute identifies these entities and the maximum amount of funds each can receive. The remaining $118.5 million in the Local Infrastructure Program will be available on a competitive basis. Applications from those funds will be available beginning July 1. The application and additional information about the I-JOBS program is available at www.ijobsiowa.gov.

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