T-R PHOTO BY ROBERT MAHARRY From left to right, Iowa Business Growth Company (IBGC) President Steve Cruse, Marshalltown Area Chamber of Commerce Board Member Erin McGregor, Chamber President/CEO John Hall, Chamber Board Chairman Zach Stahlin, Chamber Board Vice President Deb Wollam and Chamber Board Treasurer Damon Morrison pose for a photo outside of the Chamber office Tuesday morning after IBGC presented an $8,000 check to the Marshall Economic Development Impact Committee (MEDIC), a subsidiary of the Chamber.

JOHNSTON — On Tuesday morning, the Iowa Business Growth Company (IBGC) President Steve Cruse and one board member presented a check for $8,000 to the leadership of the Marshalltown Area Chamber of Commerce. The donation recognizes work done for the region. The event was held at the Marshalltown Area Chamber of Commerce office.

The donation will go to the Marshall Economic Development Impact Committee (MEDIC), a subsidiary of the Marshalltown Area Chamber of Commerce. MEDIC was instrumental in securing New Market Tax Credits for a business development project in Marshalltown.

“The IBGC Foundation annually recognizes partner organizations that significantly improve Iowa’s economy,” said Cruse. “John Hall and his economic development team were vital in promoting the U.S. Small Business Administration (SBA) and helping us secure New Market Tax Credits for a business expansion important to Marshalltown.”

IBGC and MEDIC were able to help Marshalltown Company (MARSHALLTOWN) with a 180,000 square foot expansion to its existing manufacturing facility on 8th Avenue in Marshalltown. The project adds an estimated 60 full-time jobs with full benefits. The extensive revitalization of the area, including razing several dilapidated houses, will revitalize the neighborhood. MARSHALLTOWN is a manufacturer of quality construction tools and equipment.

Partnering with lenders and businesses, Iowa Business Growth Company provides economic development financing to businesses. The company offers SBA 504 business loans to small businesses through financial institutions and offers access to the New Markets Tax Credit for development in certain areas. Iowa Business Growth Company was founded in 1981 and is based in Johnston. The SBA has recognized IBGC as the top SBA lender in Iowa.