Articles Tagged: Iowa Economic Development Authority

Remarks from two state agency directors came at The Gazette's virtual Iowa Ideas conference, which continues Friday.

The state program, using federal funds, will provide loans and other capital.

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.

Three organizations in the Corridor, including Brucemore in Cedar Rapids, received funds from the Iowa Economic Development Authority through the Historic Preservation Tax Credit program for a total of $5.17 million.

The IEDA board gave final approval to awarding Cedar Rapids $9 million to boost development in Cedar Rapids’ urban core, funding new recreational amenities and infrastructure that will support the area’s growth.

The city is paring down its application for a share of Destination Iowa tourism funds from $27 million to $8.4 million to enhance outdoor recreation around the greenway along the Cedar River in Czech Village and NewBo

The federally funded state award will be appropriated to the project if and when it begins operations, Iowa Gov. Kim Reynolds’ office said

An influx of federal funding to aid in recovery both from the COVID-19 pandemic and 2020 derecho will largely support housing development or rehabilitation projects in Linn County.

High-end appliance company Sub-Zero this week was awarded millions in city and state incentives to build a $140.6 million facility in Cedar Rapids that would add nearly 200 full-time jobs and bring a new company to Iowa

Wisconsin-based kitchen appliance company Sub-Zero is seeking city and state incentives to build a $140.6 million light manufacturing facility in Cedar Rapids that would add nearly 200 full-time jobs, most considered to be at the high-quality wage rate.

Cedar Rapids will seek $27 million in ARPA funds allocated by the state Destination Iowa program to transform the greenway along the Cedar River and boost outdoor recreational amenities.

Frew Development is seeking workforce housing tax credits to support a $34 million housing project to add 200 units as part of the Westdale Mall redevelopment. City Council also OK’d projects in NewBo, the northwest quadrant and former TaxAct site.

Cities, counties, nonprofits and other organizations can apply for Destination Iowa grants from four funds: economically significant development, outdoor recreation, tourism attraction, and creative place-making.

Linn County is slated to receive most of nearly $57 million awarded to the state of Iowa by the federal government to assist with long-term recovery from the August 2020 derecho.