In 2007, the Legislature created a $100 million Iowa Power Fund to provide financial assistance for business, research and programs that will create good jobs, help our local communities compete and thrive in today’s economy, and set our state on the road to energy independence.
Over the past few years, the Power Fund has accelerated research and development, technology innovation and the economic competitiveness of new energy projects, including right here in our area. Amana Farms was approved for $1,082,575 from the Iowa Power Fund to produce alternative renewable energy by combining cattle manure with organic industrial waste products in an anaerobic digester. The digester will produce methane gas to ultimately produce electricity.
The Iowa Power Fund is a valuable initiative that is:
•Helping local businesses expand renewable energy, alternative fuel and clean energy technologies.
•Increasing opportunities for our communities and family farmers as they produce more Iowa-grown energy.
•Attracting investments that will keep Iowa’s energy economy booming.
•Strengthening national security by reducing our dependence on foreign oil.
For more information on the Iowa Power Fund and how it’s ensuring our state’s energy future, visit the Iowa Office of Energy Independence Web site at www.energy.iowa.gov/Power_Fund.
This is a legislative update from Senator Tom Rielly, representing Iowa, Poweshiek, and Keokuk counties, and portions of Mahaska and Tama counties.
To contact Senator Rielly when the Legislature is not in session, call him at 641-673-0359. E-mail him at email@example.com.
Senator Tom Rielly is chair of the Transportation Committee. He also serves on the Agriculture, Commerce, Economic Growth, Environment & Energy Independence, and Local Government committees.
State Sen. Tom Rielly