Brooklyn Industrial Park Development History The Brooklyn Industrial Park is located on the northeast edge of Brooklyn and is equipped with all the necessary service to begin construction of a new industry. Water, gas, sewer, electric and telephone lines have been installed, as well as fiber optics. Brooklyn's location was an important factor in the Chamber of Commerce and the Economic Development's decision to begin an industrial park. Its location makes such a park more viable because it is only two miles north of I-80 and located midway between Des Moines, Cedar Rapids, Waterloo and Ottumwa. A cooperative effort by institutions in Brooklyn enabled the park to become a reality. The T.I.P. Rural Electric Cooperative purchased the 32 acres while the City of Brooklyn provided the sewer and water to the park. The city also annexed the land and made it a tax increment financing (TIF) district. This allows the city to use tax money gathered from the TIF district to pay for improvements at the site. The Brooklyn Mutual Telephone Company applied for and received a revolving fund grant, which they loaned to the city at zero interest to fund the water and sewer. This RUS grant allows the money to be reinvested in other economic development projects as the money is paid back over 10 years. The Brooklyn Municipal Utilities paid for the installation of the natural gas lines, and the Poweshiek County Savings Bank made a monetary donation. Manatts Inc. along with a RISE (Revitalized Iowa's Sound Economy) grant from the Department of Transportation helped pave the street for the site. This grant paid fifty percent of the paving costs, and Manatts Inc. gave a 10 percent discount to the city. Manatts Inc. required no payment until industry was established at the site. A group called New Brooklyn Development exists to give prospective industries more options in the form of build to lease, lease purchase, as well as other options. At present located at the industrial park are Crow Shooting Supply, Thombert, KLR Molding and Machining, and Poweshiek Rural Water office building and a spec building that is available. \ TIP RURAL ELECTRIC COOPERATIVE PO Box 534 Brooklyn, IA 52211 Phone 641-522-9223 Fax 641-522-9271 EMAIL US