THE MIDAS TOUCH‎ > ‎2009‎ > ‎MARCH‎ > ‎

Cliff's Notes

posted Sep 18, 2009, 1:47 PM by MIDAS COG   [ updated Sep 18, 2009, 1:57 PM by ]
I want to welcome two new board members to MIDAS. They are Webster County Supervisor Bob Singer and Pocahontas City Manager Bob Donahoo. MIDAS has been very fortunate to have had a history of active, visionary board members, and I am confident that these new members will continue that tradition. MIDAS Board members spend on average four hours a month at MIDAS meetings, not including travel time. Their time commitment is sincerely appreciated.

We expect to hear any day from EDA that our request for a $250,000 Business Revolving Loan Fund recapitalization has been approved. We need to make a concerted effort now to spread the word to economic developers, bankers, potential applicants, and others that these funds are available. MIDAS has brochures that describe the uses and application process for the business (and the housing) RLF. We also have information and downloadable and fillable applications on our web site. Please help us get the word out!

Finally, I’d like to give a short update on last month’s trip to D.C. This trip was not like the others I have made because all of the Congressional delegations were focused on one thing – the Stimulus Bill. We were told that any funding requests this year would have to be addressed by seeking funds from the stimulus bill, including any Highway projects. This led to an even greater interest in the way MIDAS has adopted to distribute Federal Highway funds that come to our region. If you have an interest in this process, I encourage you to meet with your local Transportation Advisory Committee member. In each case, the County representatives are the respective County Engineers, with the Cities of Fort Dodge and Webster City also having appointed representatives. These gentlemen (yes, they are all males) can walk you through the process and explain how your projects can be considered for future funding.