NewBoCo receives $110,000 in state funding to help minority-owned businesses
16 Apr 2021
The New Bohemian Innovation Collaborative received $110,000 in funding from the Iowa Economic Development Authority Friday to help women-, minority- and low-income-owned businesses.
NewBoCo is partnering with Kiva, a global not-for-profit lender, to create a microlending hub for minority-owned businesses that will offer loans to Iowans without any interest or fees.
“Obviously we’ve been working with entrepreneurs since the beginning with our Iowa Startup Accelerator,” said Aaron Horn, the executive director of NewBoCo.
“Historically we’ve worked with tech start-ups, but we’ve certainly seen the need for access to capital for underrepresented entrepreneurs as well.”
$243 million northeast Iowa soy processing plant snags $4.1 million in state tax creditsApr 16 2021
A $243.4 million processing plant in northeast Iowa that's expected to crush nearly 40 million bushels of soybeans annually won $4.1 million in state tax credits Friday. The Iowa Economic Development Authority board approved the funding for Shell Rock Soy Processing, with $2.25 million of the credits based on the...
Weekly Business Report Features Magna International and ABI Partnership With Women in ManufacturingApr 16 2021
This week, ABI Executive Vice President Nicole Crain and Misti Rice of ABI member company Magna International are featured in ABI's Weekly Business Report. Misti was recently chosen as chair of the 2021 Board of Directors for Women in Manufacturing Association (WiM). WiM is the only national association specifically dedicated...