(Des Moines)– A Spencer businessman will continue to help shape the future of economic development in Iowa.
Governor Tom Vilsack has appointed Toby Shine to a year-term on the newly-formed Iowa Economic Development Board. He was a member of the Iowa Values Fund Board for the last couple of years.
Shine is a resident of Wahpeton and President and CEO of Shine Brothers Corporation in Spencer.
As a member of the board, Shine will help oversee implementation of the Iowa Values Fund. Lawmakers this year recreated the Values Fund by earmarking 700-million dollars over the next 10 years to help attract new businesses to Iowa and to help existing businesses expand.
The new 15-member Iowa Economic Development Board will replace the former 11-member Iowa Values Fund Board and Economic Development Board.
They will hold their first official meeting July 7th in Des Moines.
(Story from Danielle Hitchings of sister station KDWD Hot 100 in Spencer.).
