GRM Networks understands the basis for the growth and sustainment of rural communities begins with the tools and programs needed to promote economic, business and community development. In support of these efforts, GRM Networks’ Board of Directors awarded $11,378 to the Decatur County Development Corporation (DCDC) in the form of Economic Development Opportunity Funds (EDOF).
EDOF are comprised of unclaimed capital credits of former GRM Networks cooperative members who lived in Iowa. According to Iowa law, GRM Networks may donate the unclaimed capital credits back to the communities in which those residents lived. The unclaimed capital credits may be used only for business, economic and community development in the area in which they were earned.
GRM Networks and the Iowa Area Development Group oversee the allocation of the funds administered by DCDC. Projects for which funds may be considered are:
- project and/or market feasibility studies
- facilities and equipment which provide education and training to residents of rural areas that will promote economic development
- facilities and equipment to provide medical care to residents of rural areas
- projects that use advanced telecommunications or computer networks to facilitate medical or education services or job training
- projects that create jobs
For more information about the Economic Development Opportunity Funds available through DCDC, contact DCDC’s Executive Director Emily Munter at 641-446-4991 or email her at firstname.lastname@example.org.