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.
With a $9 million award from the state to fuel key developments, Cedar Rapids will use Reinvestment District program funds on public projects. Though still in the works, it appears the Guaranty Bank redevelopment and Paramount high-rise will have to find funding elsewhere.
Responding to increased consumer demand for custom meats, the Iowa Economic Development Authority awarded 15 grants Friday to small-scale meat processors.
The U.S. Commerce Department has awarded Iowa a $5.3 million grant to pay for tourism and outdoor recreation marketing to encourage out-of-state people to visit Iowa after the pandemic.
There is a shortage of affordable housing in Iowa, and the problem will worsen as the state’s population grows. To ensure workers have places to live and keep businesses in town, Iowa cities are leveraging local and state resources to spur new housing development and fuel the economy.
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