116 3rd St SE
Cedar Rapids, Iowa 52401
MedQuarter hopes to attract new business with loans
CEDAR RAPIDS - The MedQuarter Regional Medical District is hoping to attract new businesses with a newly announced loan program.
MedQ officials said Monday the district is partnering with the East Central Iowa Council of Governments for a revolving loan fund. The fund will provide qualifying businesses with amounts between $10,000 and $50,000.
Robyn Jackson, a contract administrator with ECICOG, said the loans are intended to attract 'a more diverse range of businesses” to the district. The district wants to bring in more retail, restaurants and not-for-profits, for example.
Jackson said she expects the program to provide between two and five loans a year.
l Comments: (319) 398-8366; matthew.patane@thegazette.com
The MedQuarter Regional Medical District including St. Luke's Hospital, Physicians' Clinic of Iowa Medical Pavilion, and Mercy Medical Center in an aerial photograph in Cedar Rapids on Wednesday, May 14, 2014. (Stephen Mally/The Gazette)
Daily Newsletters