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Main Street Iowa Challenge Grants Announced

November 29, 2016

For more information, contact:
Tina Hoffman, 515.725.3150 or cell 515.783.8225
communications@iowa.gov

November 29, 2016 (Des Moines, Iowa) — The Iowa Economic Development Authority (IEDA) today awarded $965,500 in Main Street Iowa Challenge Grants to 14 communities around the state. The grants will benefit local improvement projects such as façade upgrades and restoration, upper floor rehabilitation, building stabilization and repairs and remodeled spaces for expanding downtown businesses.  The announcements were made during a ceremony held at the Greater Des Moines Botanical Garden.
 
“The Main Street Iowa Challenge grants have proven to be catalysts for the revitalization of Iowa’s historic main streets,” said IEDA Director Debi Durham.  “These projects represent the ongoing commitment the people of our state – both our elected officials and private citizens -- have to the revitalization of our historic downtown districts. Rehabilitated downtown buildings create opportunities for new business and new residences in the core of our communities.”
 
The grants are administered through IEDA’s Iowa Downtown Resource Center and Main Street Iowa programs. The funding will be distributed in the form of matching grants to the selected Main Street programs. The estimated total project cost of the 14 bricks and mortar projects is over $3.7 million.
 
“Each project must provide at least a dollar-for-dollar cash-match for each of the grants,” explained Main Street Iowa State Coordinator Michael Wagler.  “Overall, these projects will leverage four times the state’s investment into bricks and mortar rehabilitation and technical services. These projects will have a significant economic impact within each district and they will have a direct impact on each community’s downtown revitalization efforts.”
 
The Challenge Grant program is funded through an appropriation from the Iowa Legislature.  Since the first appropriation in 2002 through 2015, approximately $6.8 million in state and federal funds have leveraged over $45 million of private reinvestment. Over the life of the program, 124 projects in 47 Main Street Iowa commercial districts across the state have received funding.
 
The agency also awarded an additional $61,000 in technical assistance grants to 12 Main Street Iowa communities.  The technical assistance grants will provide professional services to develop projects such as historic research, architectural and engineering services and community and business sign programs.  The grants represent a total investment of over $250,000 in professional services provided to the selected communities. 
 
Photos of recipients will be available at www.iowaeconomicdevelopment.com/IDRC/MainStreetIowa after November 30, 2016.  For more information about the Main Street Iowa Challenge Grant program, contact Michael Wagler, State Coordinator, Main Street Iowa, at 515.725.3056 or mainstreet@iowa.gov.

2016 Main Street Iowa Bricks and Mortar Challenge Grant Recipients:

Community

Project

IEDA Grant Amount

Match Amount

Total Project Cost

Burlington

Elks Building Stabilization

$65,400

$178,600

$244,000

Cedar Falls

Willbo Rehab – 118 Main

$75,000

$162,760

$237,760

Cedar Rapids

White Elephant Building

$75,000

$276,810

$351,810

Centerville

Partners on Main

$75,000

$101,586

$176,586

Conrad

Wilson Law Offices

$25,600

$48,400

$74,000

Davenport

1605 Harrison

$75,000

$326,173

$401,173

Des Moines

North Des Moines City Hall

$75,000

$75,000

$150,000

Dubuque

Key City Creative

$50,000

$222,800

$272,800

Dunlap

Odd Fellows Upper Floor

$75,000

$230,500

$305,500

Jefferson

Kendall Building

$74,500

$200,000

$274,500

Le Mars

Claussen’s Upper Floor

$75,000

$104,000

$179,000

Marion

Kuba-Kurtz Building

$75,000

$183,817

$258,817

Mount Pleasant

Hoaglin Building Upper Floors

$75,000

$315,000

$390,000

West Des Moines

KCL Engineering Offices

$75,000

$385,400

$460,400

TOTALS:

$965,500

$2,810,846

$3,776,346



2016 Main Street Iowa Technical Assistance Grant Award Recipients                  

Community

Project

IEDA Grant

Local Match

Total Project

Burlington

Architectural Drawings

$4,900

$4,900

$9,800

Des Moines

Historic Review/Tax Credit Pt 1 & 2

$5,000

$5,000

$10,000

Cedar Rapids

Wayfinding Signage

$5,000

$85,000

$90,000

Jefferson

Wayfinding Signage

$5,000

$5,000

$10,000

Manning

Streetscape Engineering Services

$3,500

$3,500

$7,000

Woodbine

Interior Visual Merchandising TA

$3,900

$4,900

$8,800

Ames

District National Register Listing

$3,000

$3,000

$6,000

Osceola

District National Register Listing

$4,775

$5,225

$10,000

Ottumwa

Wayfinding Signage

$3,925

$4,925

$8,850

Charles City

Wayfinding Signage

$4,500

$45,500

$50,000

Greenfield

Wayfinding Signage

$2,500

$3,500

$6,000

West Des Moines

CoSign

$15,000

$20,000

$35,000

TOTALS:

$61,000

$190,450

$251,450

 

 

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