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News
State
Review Committee Approves First I-JOBS Applications
Posted 25 June 2009
Helping communities recover and rebuild from the historic floods of
2008, the Review Committee of the I-JOBS Board of Directors met today
and approved the first seven applications for funds from the Local
Infrastructure Program. The applications total $45 million and will be
considered for approval by the I-JOBS Board when it meets on Monday,
June 29 in Cedar Rapids.
Governor Culver said: “The I-JOBS program is moving ahead quickly to
help our state rebuild, create jobs and move forward toward a brighter,
stronger future. Whether it’s rebuilding from last year’s historic
natural disasters or helping Iowa work its way out of the national
recession, this initiative will help our entire state.”
The $830 million I-JOBS program is designed to strengthen Iowa's
economy, help our state recover from the natural disasters of 2008, and
create or retain thousands of jobs across Iowa.
The I-JOBS Board oversees the Local Infrastructure Program which
includes $165 million for disaster recovery and prevention and local
infrastructure. Of that, $46.5 million is reserved for specific
entities that suffered damages during last year’s historic storms and
floods. Today’s applicants are part of that pool. The statute
identifies these entities and the maximum amount of funds each can
receive. The remaining $118.5 million in the Local Infrastructure
Program will be available on a competitive basis. Applications from
those funds will be available beginning July 1.
The application and additional information about the I-JOBS program is
available at www.ijobsiowa.gov.
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