Wednesday, October 10, 2007
Governor: "Entrepreneurial Spirit Is Alive And Well"
Governor Announces Targeted Small Business Program Recipients
DES MOINES — Wednesday morning Governor Chet Culver addressed the Iowa Venture Capital and Entrepreneur Conference at the Polk County Convention Complex as a part of his “Bringing New Jobs to Iowa Day.” At the conference, the Governor touted Iowa’s entrepreneurial spirit and announced three Targeted Small Business Program (TSB) recipients.
“Iowa’s Entrepreneurial Spirit is alive and well,” said Governor Culver. “I am proud of Iowa’s entrepreneurs. I believe in what they do, appreciate the risks they take every day and support their mission.”
Earlier this year, the Governor signed into law HF 890 which provided an additional $4 million to Iowa’s TSB.
“This important program makes it easier for female, minority and disabled entrepreneurs to start a business,” continued Governor Culver. “We are still receiving applications and I am proud to announce today we recently awarded three new businesses with TSB loans.”
The three TSB recipients were:
- Pandora’s Box in Waterloo. Received a $10,000 loan for the purchase of new inventory.
- Aladdin Restaurant in Cedar Rapids. Received a $10,000 loan for expansion.
- Kyikyi Café Oriental Restaurant in Cedar Rapids. Received a $38,000 business start-up loan.
After attending the Conference, the Governor will continue his “Bringing New Jobs to Iowa Day” by traveling to Keokuk to announce plans for a new, wind energy manufacturing plant. The plant will bring with it hundreds of exciting, quality jobs in the wind energy industry.
Following the Keokuk announcement, Governor Culver will attend a Strategy Academy on Energy and Environment policy conference at Drake University. The Academy is being run by the Center for State Innovation – a national policy organization helping governors promote innovative, progressive policies. The Center for State Innovation was invited to Iowa by Governor Culver, who will host the Academy.