Areas Served: City of Iowa City
The City of Iowa City has three economic development funds to provide direct financial assistance for economic development activities and business development projects.
The amount of funding available for any one project will depend upon the characteristics of that project and the financial need of the project.
All projects requesting funding will be evaluated based upon the City of Iowa City Financial Assistance Eligibility Guidelines.
Additional Financial Assistance Council Economic Development Fund This fund is used to provide loans, forgivable loans, and grants to business development projects and programs which diversify and increase the property tax base by encouraging the retention and expansion of existing industry and attracting industries that have growth potential and are compatible with existing industries.
Council Economic Development Capital Fund This fund assists business development projects that expand the property tax base of Iowa City.
Public infrastructure improvement projects (such as street improvements or sewer line extensions) have the highest funding priority.
Eligible projects also include site improvements, new building construction, building expansions, and building rehabilitations.
Economic Development CDBG Funds This fund can be used to provide loans, forgivable loans, and grants to business development projects that benefit low and moderate income persons through the creation and retention of jobs.
All projects must meet the federal eligibility guidelines and requirements of the Community Development Block Grant Program.
Contact InformationCity of Iowa City
Address: 410 E Washington Street
City: Iowa City
State: Iowa
Website:
http://www.icgov.org/default/?id=1366
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