“The Ripple Effect and USDA grants in addition to our match will allow our company to create a revolving loan fund of $360,000 for the region and make our first loan to the Riceville Development group at zero percent interest over ten years, all to assist with the construction of a much-needed lodging facility for the area. It’s a win-win-win for Riceville, our company and the entire region,” says Ron Laudner, CEO of OmniTel Communications.
RAD leaders have worked extensively with Riceville to acquire and clear property for this project and to address the refurbishment needs of the existing clubhouse at the Riceville Golf & Country Club. RAD has agreed to construct and own the Tenth Hole Inn & Suites project that will be located on the Country Club grounds which will include a full-service restaurant that will replace the existing clubhouse restaurant. The restaurant will be located in the new lodging facility at the golf course and will provide a much-needed eating establishment for the entire community.
About OmniTel Communications
OmniTel Communications, located in Nora Springs, Iowa provides telephone, internet, and video services in 14 communities in north central Iowa - Nora Springs, Riceville, Rudd, Rockford, Marble Rock, Plymouth, Rockford, Greene, Rock Falls, Stacyville, St Ansgar,
Little Cedar, McIntire, and New Haven. In 2010, OmniTel initiated a major fiber-to-the-premise project that today provides state-of-the art telecommunication services to its city and rural customers. As an Iowa-based company, OmniTel is committed to the communities it serves by providing superior customer service and actively supporting organizations and activities that make these communities better places to live and work. OmniTel Communications was founded in 1904 as a rural independent telephone company under the name of Farmers Mutual Telephone Company.
Contact: Sue Cosner