Vision Brookings named finalist for $15,000 Strong Communities Award

VOTE FOR BROOKINGS taking place Sept. 18-22

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) is excited to announce that the Vision Brookings initiative has been selected as one of seven Strong Communities Award finalists vying for the opportunity to receive $15,000.

First Bank & Trust (FBT), a FHLB Des Moines member financial institution, nominated Vision Brookings for the award. FBT has partnered with around 150 private businesses and individuals to support Vision Brookings, an economic development initiative that addresses key issues to create economic development opportunities and build a sustainable economic future for the broader Brookings County community.

Since launching in 2005, Vision Brookings has raised over $7 million for economic growth focusing on the key components of workforce development, entrepreneurship support, business development and the Research Park at SDSU. More importantly, this private investment was used to leverage an additional $24.8 million from outside sources to support local projects.

“The impact of Vision Brookings over the last ten years has been tremendous,” said Al Heuton, executive director of Brookings Economic Development Corporation and administrator of the Vision Brookings initiative. “Brookings has seen incredible progress in entrepreneurship, workforce recruitment and retention initiatives and business growth and success. Our region will continue to benefit from these efforts for years to come.”

FHLB Des Moines challenges communities to rally behind their project during a public vote taking place from Monday, September 18 at 8:00 a.m. through Friday, September 22 at 10:00 p.m. Vision Brookings investors are asking the community to visit the Strong Communities Award homepage at www.fhlbdm.com/award and cast your vote for Brookings! Vision Brookings is one of four projects in the rural category, and the project with the most votes will receive $15,000. Voting is limited to one vote per day per device.

The Strong Communities Award honors the projects, the people and the programs that promote small business growth and retention in their communities.

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The Federal Home Loan Bank of Des Moines is a member-owned cooperative that provides funding solutions and liquidity to over 1,400 financial institutions to support mortgage lending, economic development and affordable housing in their communities. Serving 13 states and three U.S. Pacific territories, FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. The Des Moines Bank is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.

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Brookings Economic Development Corporation is the primary engine for promoting economic growth in Brookings, South Dakota and the surrounding area. The organization’s mission is “To build an economy that supports the community’s vision of a quality place to live, work, and play”.  BEDC designs and implements a Comprehensive Economic Development Strategy to grow the area economy through the process of business retention, entrepreneurship and targeted recruitment; and through the creation of an ecosystem supporting the development and advancement of business and industry. For more information on projects and initiatives go to: www.BrookingsEDC.com.

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