City of Muscatine and three local banks in running for Strong Communities Award
The City of Muscatine has partnered with CBI Bank & Trust, Community Bank, and First National Bank of Muscatine to apply and become a finalist for the Strong Communities Award. The award honors the projects, people, and programs that promote small business growth and retention in their community, and it also highlights the great work that the Federal Home Loan Bank of Des Moines’ member institutions are doing every day to help their communities thrive.
The City of Muscatine and bank partnership is one of six finalists for the award, which is split into two categories. Muscatine’s rural category has three finalists.
A public vote will serve as a component of the selection process. One winner in each category will be recognized during a community celebration and will receive a $15,000 award to promote small business and economic development in their communities. The top finalist in each category will receive a $3,000 stipend.
Voting will take place September 19 through 30 at www.fhlbforcommunity.com/voting.
Public participation by Muscatine community members will be highly valued as this award will help further the efforts of the City and banks to provide opportunities for new and existing businesses to thrive.
Muscatine’s Small Business Creation Project works to create small businesses in targeted areas of Muscatine that were once thriving business areas. Two of the business creation programs within the project include the Muscatine Small Business Forgivable Loan Program and the Muscatine Building Improvements Loan Program.
More information about the City of Muscatine’s loan programs can be found in the Community Development Department section of www.muscatineiowa.