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RISE grant funds made available for projects in Denison & Onawa

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October 13th, 2015 by Ric Hanson

The Iowa Department of Transportation Commission, today (Tuesday) approved Revitalize Iowa’s Sound Economy (RISE) grant program funds for projects in Denison and Onawa.
In Denison, a little more than $138,500 from the city share of the RISE FUND was approved for an Immediate Opportunity grant to assist in the construction of a southbound left-turn lane on U.S. 30/U.S. 59/Iowa 141 at Boyer Valley Road on the south side of town. Officials say the project is necessary to provide improved access to the expansion of Quality Food Processors, a meat product processor, to support the creation of 20 new full-time jobs and more $21.7-million in associated capital investment. The project is expected to be completed by October, 2016.
In Onawa, up to $129,702 from the city share of the RISE Fund was approved for a Local Development grant to assist in paving of approximately 940 feet of Cameo Street located on the west side of town. The project is necessary to provide access to more than 2 acres for light industrial purposes. It’s also expected to be completed by October, 2016.
The RISE program was established to promote economic development in Iowa through construction or improvement of roads and streets. Iowa cities and counties are eligible for funding in the form of a grant, loan, or combination thereof. Projects must involve construction or improvement of a public roadway. There are two RISE project types: 1) Immediate Opportunity, and 2) Local Development.