A ribbon cutting ceremony was held on Thursday morning for the 30,000 square-foot shell building in Fairfield’s newest business & industrial park. The facility is located on a three-acre parcel within FEDA’s 61-acre Business & Industrial Park and will be marketed to businesses considering expanding within, or relocating to, Fairfield.
The project is a culmination of discussions which began in early 2016, to position the City of Fairfield for further growth and creation of new jobs. With the advisory support of Iowa Area Development Group (IADG), by August 2016, a 28E partnership agreement was formalized between FEDA and The City of Fairfield, Jefferson County, Access Energy Cooperative, and Northeast Power. Laraby says a strong partnership has made the new park shovel ready.
FEDA purchased the most recent 55 acres in 2015, with intent to develop the site into a new Business and Industrial Park. By 2016 FEDA had completed bringing sanitary sewer infrastructure to site with the assistance of a low interest loan from Access Energy Cooperative’s revolving loan fund. Later that same year, Access Energy Cooperative invested in bringing 3-phase electric to the site – positioning the site for commercial and industrial development. FEDA also partnered with CR Signs of Cedar Rapids to bring a new community-impact billboard along Highway 34, bringing more exposure to Fairfield. Last year, 227th Street was newly paved with the assistance of the City, County, and an Iowa DOT RISE Grant. Shortly thereafter, the United States Department of Agriculture Rural Development awarded Access Energy Cooperative a $300,000 grant, plus $60,000 in matching funds from the Cooperative, for the Fairfield shell building project, which in turn is available to FEDA in the form of a loan.
Businesses requesting more information about the shell building or other opportunities within the industrial park can contact Joshua Laraby, FEDA Executive Director at 641-472-3436 or [email protected]