Building a Stronger Future.
The SEDC supports local businesses, drives economic growth, and creates opportunities to strengthen Spencer’s future.
Available Grants
Commercial Business Assistance Grant Program
We’ve launched the Commercial Business Assistance Grant to support Spencer businesses impacted by the June 2024 flooding. This grant covers up to 25% of non-structural recovery costs, including equipment, furniture, and inventory, but does not apply to structural repairs. Grant amounts range from $1,000 to $25,000, and applications open February 3, 2025, on a first-come, first-served basis until April 1, 2025, or until funds are depleted. We’re proud to partner with the City of Spencer and Iowa Lakes Corridor Development Corporation to help our local businesses rebuild and strengthen our community’s economy.
The Commercial Business Assistance Grant application period is closed. The board is currently processing applications, doing business visits, and making final approvals.
Spencer Child Care Study
SEDC has engaged with First Children's Finance (FCF) to conduct a Child Care Study in 2025 with a Market Analysis, Strategic Plan, and Financial Modeling. This study is made possible by grant support through the Iowa Economic Development Authority, Iowa Area Development Group, and Iowa Rural Development Council.
Child Care Market Analysis (January - April)
Parent, Provider, and Employer surveys complete - FCF to analyze and compile results. Report to be presented to SEDC in April.
Strategic Planning (April - August)
Identify community priorities; Develop goals, strategies, and vision; Report to be presented to SEDC in August.
Financial Modeling (4 months)
FCF meets with steering committee to Build assumptions, Draft financial model; Report to be completed in December.
Who We Are
The Spencer Economic Development Corporation (SEDC) is dedicated to fostering a thriving business environment and strengthening the local economy. As a key driver of growth in Spencer and the surrounding area, we work to support businesses, attract new opportunities, and enhance the community’s economic vitality.
Through strategic partnerships and forward-thinking initiatives, we help businesses expand, provide funding opportunities, and address key challenges that impact economic development. Whether it’s assisting with business recovery, workforce development, or community planning, SEDC is committed to building a stronger future for Spencer.
Board of Directors:
- President: Philip Ramstack, MWI Components
- Vice President: Jason Warren, Northwest Bank
- Secretary/Treasurer: Steven Pick, SMU
- Director: Kevin Robinson, City of Spencer
- Kent Nelson, SMU Board of Directors
- Jamie Storey, Consumers Lumber Company
- Loren Reit, Spencer City Council
Explore Spencer
Discover a vibrant community that blends small-town charm with big opportunities. From a revitalized downtown and growing business sector to parks, events, and local pride, Spencer is a place where progress and community go hand in hand.
News
SPENCER, Iowa (KCAU) — Nearly 10 months ago, the town of Spencer was hit by historic flooding, destroying many people’s homes. While the community is still recovering, efforts are underway to build several new apartment buildings for residents. Many of the buildings impacted by the flooding will soon be torn down and rebuilt. “The vast […]
SPENCER, Iowa (KCAU) – The Spencer Economic Development Corporation created a grant for businesses impacted by last year’s flooding. The Commercial Business Assistance Grant could provide anywhere from $1,000 to $25,000 for local businesses. The grant funds can be used for replacing inventory, equipment, and other necessities, though it doesn’t cover structural damage. The Spencer […]
SPENCER, IOWA – The Spencer Economic Development Corporation (SEDC) is proud to announce the acquisition of seven multi-family residential apartment buildings in Southwest Spencer, Iowa, as part of its ongoing commitment to enhancing the community’s infrastructure and housing opportunities. These properties on 1st and 2nd Avenue SW were significantly damaged during the June 2024 flood. […]
Community Partners
