Lamoni Development Corporation

Promotional billboard for lamoni, ia located on interstate 35 south of lamoni. The city of lamoni and lamoni chamber are participating in this project.

In prior years the organization constructed a commerical building with long-term financing. $505 of interest was paid on the debt in 2024. There was a capital lease receivable with freedom racing inc that was paid off in 2024. Freedom racing inc exercised a bargain purchase option. The company has created new jobs and increased the tax base of the area.