Revolving Loan Fund | Housing | Building Requirements | Industrial Park

West Bend Economic Development
(515) 887-3264
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Kossuth County Economic Development
(515) 295-7979

West Bend Economic Development
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Revolving Loan Fund

In an effort to promote and encourage economic development, Northwest Telephone Cooperative Association established a revolving loan fund in 1998. Initial funding for this program was provided through a grant from the Rural Business Cooperative Services of the United States Department of Agriculture and required matching funds from Northwest Telephone.

The Revolving Loan Fund is designed to provide supplement financing in support of new and expanding businesses. It is used to make loans for the following purposes:

1. Increase and maintain employment opportunities.
2. To offer financial assistance that will promote the retention and expansion of existing businesses.
3. To increase the property tax base.
4. To diversify the community's economic composition by encouraging unique or essential business concerns.

Applications for the Revolving Loan Fund are accepted by the NTCA-RLF Committee any time during the year and considered on a continuous basis contingent on the availability of loan funds. Applications will be considered from many sectors of the local economy. These include businesses involved in manufacturing, service or retail operations. After review of the application, the committee makes a recommendation to The Northwest Telephone Board of Directors who then takes action on that recommendation.

Application forms and instructions are available upon request from Northwest Telephone Cooperative Association, West Bend City Hall, or any committee member. Current committee members are Don Banwart, Julie Bargman, Becky Collins, Greg Blair, Tom Eberle, Pete Nessen and Mike Steil.

Housing

In order to maintain existing housing units and promote new housing development, the City has implemented several programs to encourage the construction and remodeling of homes.

Housing Programs

Tax Abatement – Newly constructed homes or remodeling projects may qualify to receive a (100%) exemption from taxation on the actual value added by the improvements up to a maximum of $60,000. Application available below.

Utility Incentive Program – The West Bend Municipal Utilities in conjunction with the Northwest Telephone Cooperative, have established an incentive program paying up to $3,000 to anyone constructing a new home within the utility service area. Application available below.

Spec Housing Program – Construction of the newest speculative home has been completed. Several local housing programs are available to meet your financing needs. See plans for this new house and contact information. It could be your next home! See photes of newest spec. house below.

	Tax Abatement Application Utility Incentive Guidelines Utility Incentive Application

Housing Availability

West Bend’s housing stock is made up of a variety of housing styles and values. For a complete listing of homes available for purchase, contact the following realtors:

Assisted Living Facility

The Prairie Creek Assisted Living Facility is a 10-unit assisted living complex situated in the northwest corner of West Bend. The facility is located immediately adjacent to the West Bend Care Center, a 45-bed skilled nursing home.

Prairie Creek Assisted Living has 6-one bedroom apartments and 4-two bedroom apartments. Each unit is equipped with a call system monitored by trained staff members that can assist residents with any of their needs. Assistance is provided with the activities of daily living, including bathing, medication, and dressing. In addition, housekeeping and laundry services are available as well as a noon meal and daily planned events.

If you would like more information about the Assisted Living Facility units please contact the West Bend Care Center Administrator, Pat Zaugg at (515) 887-4071.

Financial Assistance

West Iowa Bank and Farmers State Bank are associated with conventional types of financing programs. Area homes have sold under a variety of financing options:

West Iowa Bank may be contacted at (515) 887-7881.
Farmers State Bank may be contacted at (515) 887-2221.

Building Requirements

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Industrial Park

Industrial Park #2
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Click on available lot for lot information.