TechWorks asks county to partner in regional advanced‑manufacturing grant model
TechWorks board chair told the supervisors the nonprofit has roughly $4 million in proceeds from property sales and wants the county to accept and approve grant awards to businesses so taxpayers can benefit from advanced‑manufacturing investments. County counsel said the board may act as a gatekeeper but cannot be a blind pass‑through.
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TechWorks board chair Dave presented a proposal asking Black Hawk County to serve as a governmental partner in a regional grant model that would use investment returns from a roughly $4,000,000 endowment to seed advanced‑manufacturing projects across the Cedar Valley. He said TechWorks intends to make grants "to charitable organizations or charitable purposes" and, for for‑profit manufacturers that are not 501(c)(3)s, to work "through a governmental agency like Blackhawk County" to accomplish charitable distribution.
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