Cedar Rapids is putting public funds toward a new SSMID incubator program that aims to spur underdeveloped business districts to invest in projects that drive their own growth.
116 3rd St SE
Cedar Rapids, Iowa 52401
Articles Tagged: Economic development
Watts Group to build a $10.7 million multifamily housing facility and two four-plex buildings at 705 16th Ave. SE. A commercial facility also is in the works at 2738 Edgewood Rd. SW.
Ryan Waller began the job in growing city in November 2021.
One of the challenges Iowa long has had in luring new businesses — as well as new workers and residents — to the state from elsewhere in the nation, Debi Durham said, is that “we have not been properly introduced.”
The Loftus Lumber redevelopment into a mixed-use facility that is expected to transform a long-vacant block between downtown and the New Bohemia District is slated to get a final green light Tuesday from the Cedar Rapids City Council.
Seven brownfield or grayfield projects in the Corridor received a total of $5.6 million in Iowa Economic Development Authority tax credits on Friday — with three of the projects landing $1 million or more.
FedEx Ground is looking to hire nearly 300 workers as it prepares to open its massive new automated facility in southwest Cedar Rapids. Many of those workers would be able to stay with the company beyond the holiday season.
The latest survey of business leaders by the Iowa Business Council shows “continued positive sentiment,” though IBC Executive Director Joe Murphy noted the results also reveal some signs of “trepidation.”
Kirkwood is partnering with The Eastern Iowa Airport to launch a Aviation Maintenance Technology program in fall 2023 to address an area of need in the workforce. About $1 million in federal and private funds will support the renovation of an aircraft hangar into a classroom.
The global leader in the pharmaceutical excipient industry was awarded more than $1 million in state assistance Friday to expand its Cedar Rapids facility. The $18 million project will create 18 high-quality jobs.
To make the most of a disaster scenario and pave a path for a strong recovery, Iowa city leaders say they must uplift the businesses that keep the community’s economic wheels turning. Here’s how some have turned adversity into opportunity.
A buyer has stepped forward to redevelop the 51-acre Transamerica property off Edgewood Road and 42nd Street NE, but specific plans for the site remain to be seen.
The fate of a site that could present an opportunity to attract people downtown and shape the face of the urban core remains in limbo until a buyer steps forward. The prime piece of vacant land in the heart of Cedar Rapids is listed for sale for $2.5 million.
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