Rotary Club hears from IADG’s Nuzum

CONTRIBUTED PHOTO
Bruce Nuzum is the thumbs up as he gives an overview of the Iowa Area Development Group to the Marshalltown Rotary Club.

CONTRIBUTED PHOTO Bruce Nuzum is the thumbs up as he gives an overview of the Iowa Area Development Group to the Marshalltown Rotary Club.

Dennis Drager stood in for Bill Fitzgerald and rang the bell to start the weekly Rotary luncheon meeting at Elmwood. Tom McCoy offered a prayer and led in the Pledge of Allegiance. John Fink recognized the December birthdays and anniversaries of membership which ranged from one to 41 years. Drager offered appreciation for the level of membership donations to the Salvation Army, as well as recognizing Mary Giese for her leadership in the coats for kids project. Karn Gregoire shared copies of Kyley Leger’s guest editorial in the T-R. For the benefit of those not present at the holiday party last week, Drager noted that Dean Elder was the recipient of the Brintnall Award this year. Conrad Dejardin offered some reflections upon recently making the turn at eight decades.

Tom Deimerly then took to the podium to introduce a mentor and friend, Bruce Nuzum, vice president of finance with the Iowa Area Development Group (IADG). This entity is an arm of member-owned and municipal electric service areas in the state. At the core of its mission is advancing business and community development projects.

“We are a project-driven organization,” said Nuzum, referencing the 45 projects initiated this year.

Attending 11 trade shows this year, Nuzum noted it is a relationship business. His slide show illustrated many examples of manufacturing, agricultural, recreational, medical and community development projects. There have been more than 2,000 projects initiated, 50,000 jobs created, and $10 billion invested since 1985. They have a revolving loan fund and leverage partners such as the USDA.

Nuzum used a local example, the Bratney Company, to drill down and describe the anatomy of a typical project. Marshall Economic Development and IADG helped in this 18-month project that is located at the Gateway Park near the intersection of Highways 30 and 330. Deimerly affirmed that this is just one of many local projects in which he worked with IADG.

Around the world and around the corner, the 1.2 million men and women of Rotary get involved in their communities and use their skills to help others.