FEDCO gets $99K grant

The Rochester Sentinel
12/17/14

Fulton Economic Development Corporation has received a $99,000 Rural Business Enterprise Grant from the United States Department of Agriculture.

The grant money will be used to continue FEDCO’s low interest loan program and to provide funding for training to eligible businesses in Fulton County, FEDCO said in a press release. Eligible businesses include startups that have met application requirements or existing businesses based in Fulton County with less than $1 million in gross annual sales and less than 50 employees.

This is the third and largest such grant the USDA has awarded to FEDCO in the past five years.

FEDCO Executive Director Terry Lee said the funding will provide a boost to an already successful program.

“These additional funds are a vote of confidence from the USDA and will allow FEDCO to help more Fulton County businesses start and grow.

We’ve created a very comprehensive program for small businesses that includes a wide range of resources and the USDA’s grant is at the heart of what we offer,” he said.

For more information, contact Amy Beechy at amy@yourprojectmatters. com or 574-709-7955.

(Related article: ROCHESTER, Ind., 7/15/10 — A $75,000 USDA Rural Development Grant awarded July 6 (2010) to the Fulton Economic Development Corp…FEDCO received a $50,000 grant last October…) (more)

How much are fuel taxes? Is now “perfect” time to raise them?

The need for infrastructure improvements (roads, highways and bridges) is receiving increased attention due to their condition and the now substantially less cost for gas. Given the latter, some are now saying it is the ideal time to act.

A Monroe County Indiana County Council member presents a clear picture of state excise taxes on gasoline and diesel fuel and also, as of 2013, how some state fuel tax was diverted from road construction and maintenance and how the sales tax (yes, we also pay 7% sales tax on fuel in addition to the excise tax) on fuel does not go towards funding of roads at all.

With the current reduced gasoline cost some are saying now is the time to raise the fuel tax. It’s not just the state excise tax on fuel but also the federal excise tax on fuel. According to NPR, raises on fuel tax are on the table in many states around the country and have recently been approved in several. As a tax increase is contemplated the caveat is what will be the overall fuel price when oil prices rebound. It never pays to think only of the moment.

(Related source: Federal gas tax increase of 15 cents is coming…or is it?)

More analysis of spending bill and clarification as to whether it was $1.1 T or $1.01 T

The National Priorities Project (NPP) is a source I frequently refer to. If not familiar with NPP I strongly encourage visiting at least NPP’s home page. I subscribe to their email list (no cost and only requires email and zip) and this can be done near the bottom of their home page.

NPP has an analysis of the recently passed spending bill and has some details not previously shared on this blog including:

Debt & Deficit

  • Officially abides by the spending limits ($1.013 trillion) of the 2013 Ryan-Murray Bipartisan Budget Act.
  • However, total spending is actually closer to $1.1 trillion, when you count emergency spending and appropriations from previous years that will actually be spent this year, bringing spending above the Bipartisan Budget Act limit.

What’s in the $1.1 trillion spending bill?

(The Washington Post on 12/10/14 published “What’s in the spending bill? We skim it so you don’t have to,” as reported by Ed O’Keefe, and republished below.) This item has been updated and revised. The $1.01 trillion spending bill unveiled late … Continue reading

Why do out-of-district students keep enrolling at Caston Schools?

The Administrator of this website lives within the Caston school district and has served as principal, teacher and school board member for the district. Thus, at times news about Caston Schools will be featured here. 

Currently 91 of Caston’s students live outside the district. This is about 12% of the total enrollment of 742. In the fall of 2009 there were 11 students living outside the district. In subsequent years the number continued to grow to…24…33…59…75…and the current 91.

Curious about Caston Schools? You’re invited to check out Caston’s tri-fold brochure here. The Corporation website is here.

Want more information or a tour? Contact Mrs. Lucinda Douglass, Superintendent, at 574/857-2035, ext. 336 or Mrs. Katie Miller, Elementary Principal at 574/857-3025, ext. 334 or Mr. Dale Osburn, Jr.-Sr. High Principal at 574/857-3505, ext. 310.

FEDCO helps with train depot, Times Cinema, Rochester downtown

12/6/14

FEDCO (Fulton Economic Development Corp.) serves as a growth and development partner for business and industry and as a community development partner for cities and towns of Fulton County.

Following are several recent newspaper articles of recent efforts of which FEDCO has been a part.
Continue reading

Gov. Mike Pence proposes expanding vouchers and charter schools

Tony Cook and Stephanie Wang IndyStar.com, 12/4/14 Indiana’s school voucher program is already the broadest in the nation — and now Gov. Mike Pence wants to provide even more money for vouchers. In announcing his legislative agenda Thursday, Pence said … Continue reading

Potholes widen as (Indiana) struggles to pay for roads: Needs $7 billion in next 10 years

Maureen Hayden, News and Tribune CNHI Statehouse Bureau Chief 12/8/14 INDIANAPOLIS — Jim Meece, a commissioner in rural Parke County, was happy when the Legislature funneled about $100 million extra a year into road funds last year. The money didn’t … Continue reading