WASHINGTON- Senator Chuck Grassley today announced that the U.S. Department of Agriculture, Office of Rural Development has awarded a $5 million loan guarantee to Central Iowa Expo, the site of the 2008 Farm Progress Show, through the Community Facility Loan Guarantee program.
“The Farm Progress Show will have a tremendous economic impact on Boone and the surrounding communities,” Grassley said. “The Department of Agriculture’s involvement will help bring this project to fruition, and bring the premiere outdoor farming expo to
Central Iowa .”
The funds will be used to assist with infrastructure development costs at an outdoor event center located east of Boone on Highway 30.
The Community Facility Loan Guarantee program provides assistance for the development of community facilities in rural areas and towns with a population of 20,000 or less. The funds can be used for construction, enlargement and improvement of community facilities for health care, public safety and public services.