NEW Cooperative receives Iowa Venture Award

WEST DES MOINES — The Iowa Area Development Group, on behalf of Iowa’s rural electric cooperatives, municipal utilities and independent telecommunication companies, honored seven Iowa companies with the Iowa Venture Award at a luncheon held in conjunction with the Iowa Association of Electric Cooperatives’ annual meeting at the Sheraton West Des Moines.

NEW Cooperative was recognized with an Iowa Venture Award for its investment of nearly $30 million in the complex near Rowan. This operational grain storage center and agronomy facility will also include a pelleting feed mill scheduled to come online in 2018. When fully operational, the new 180-foot-tall mill will have a production capacity of 400,000 tons of pelleted feed per year. This facility will serve the Coop’s 4,400 members and add value for the region’s grain and livestock producers. NEW Cooperative was nominated for an Iowa Venture Award by Prairie Energy Cooperative.

About the Iowa Venture Award — This marks the 30th year that IADG has presented Iowa Venture Awards to individuals and organizations, both large and small, in recognition of their significant contributions to Iowa’s economy through entrepreneurial leadership, innovation and the creation of job opportunities.