Region XII Development Corporation (RDC) provides loans & financial packaging assistance to businesses throughout the six counties Region XII serves. Since 1995, the RDC has provided loans to over 114 businesses totaling over $9.4 million. As a result, 1,187 jobs have been created/retained, and over $95 million has been invested in our counties.
The RDC Revolving Loan Fund contains funding provided by the six counties, the Iowa Economic Development Authority, the U.S. Department of Commerce (Economic Development Administration), and USDA Rural Development.
Loan applications are reviewed monthly by a committee of local development and private lender representation from each county. Borrowers are required to meet investment and job creation criteria, which is further explained in this fact sheet.
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RLF Business Spotlight
Lake Panorama Pizzeria
Photography by Fiscus
Region XII Development Corporation was able to assist Jacob Fiscus with the purchase of a new location to grow and expand his business, Photography by Fiscus.
Wise Monkey Quilting
Region XII Development Corporation was able to assist with the startup of Wise Monkey Quilting, which is owned by Amy Healy.
32 & U Family Dental
Region XII Development Corporation was able to assist with the startup of Thirty Two & You Family Dental, which is owned by Dr. Ryan Bygness, DDS.
Region XII Development Corporation was able to assist Bonnie Silbaugh with the purchase of Fudge’s Flowers and Gifts in 2017.
Region XII Development Corporation Updates