News

Ribbon Cutting Held At Studio 21 In Estherville

Thu 5-18-2017

(Estherville)-- Staff from USDA Rural Development today (Thurs.) participated in grand opening ceremonies for Studio 21, a business development center in Estherville. It's located in a building at 12 South 6th Street that was recently renovated by the Estherville Industrial Development Corporation. The building also includes open spaces for business collaborations and meetings, and has commercial space available for rent.

USDA Rural Development has been working with the Estherville Industrial Development Corporation over the past three years to help fund various aspects of the project.

Estherville Industrial Development Corporation first received a $50,000 business grant from USDA Rural Development in 2014 to assist with building renovations that totaled nearly $150,000. The next year the economic development corporation received a $25,000 USDA grant to help create a $51,000 revolving loan fund for businesses in the Estherville area.

Last year the entity received received another $50,000 USDA Rural Development business development grant to help provide technical assistance to local entrepreneurs. Some of the funds helped purchase and install new equipment that will allow for online/tele-meetings between new and emerging entrepreneurs and business-development and industry experts.