Decorah Iowa News

News Awards to Disaster-Affected Businesses Top $1 Million Posted 11 November 2010 Awards handed out to Iowa businesses affected by this year's natural disasters have topped the $1 million mark, officials with the Iowa Department of Economic Development announced. The state's Iowans Helping Iowans program can assist businesses that suffered damages in the 2010 natural disasters, which included severe flooding in Ames and other parts of Iowa. "We are pleased the state has been able to get help quickly to disaster-affected businesses," said IDED Director Bret Mills. "Financial help is still available for businesses that have not yet applied." The program has granted 35 awards so far, totaling $1,007,297. Up to $7.5 million is available for business assistance. The following is a breakdown of the number of awards to date by county: Jones (4) Jasper (5) Jackson (1) Hamilton (1) Fayette (2) Delaware (2) Cherokee (4) Wapello (1) Story (9) Polk (5) Monroe (1) Businesses affected by natural disasters in 34 counties eligible for federal individual assistance are also eligible for this program. Those counties include the following: Appanoose, Black Hawk, Cherokee, Clayton, Decatur, Delaware, Dubuque, Fayette, Franklin, Hamilton, Howard, Humboldt, Ida, Jackson, Jasper, Jones, Kossuth, Lee, Lucas, Lyon, Mahaska, Marion, O'Brien, Osceola, Polk, Ringgold, Sioux, Story, Taylor, Union, Wapello, Warren, Webster, and Wright counties. Businesses are still being encouraged to apply for assistance if they suffered damages from a natural disaster this year. The program has a streamlined approval process to get help to business owners as soon as possible. Businesses must first be approved for a disaster-related loan by an eligible lender in order to qualify for the program. Businesses do not need to register with the Federal Emergency Management Agency (FEMA) or the Small Business Administration (SBA) to be eligible for the Iowans Helping Iowans business assistance program.

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