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NEWS RELEASE: Main Street Iowa Challenge Grants Announced: 26 Community Projects Selected for Awards

For more information, contact:
 
Tina Hoffman 
communications@iowaeda.com
                    
Main Street Iowa Challenge Grants Announced
26 Community Projects Selected for Awards
 
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. 
 
For more information about the Main Street Iowa Challenge Grant program, contact Michael Wagler, State Coordinator, Main Street Iowa.

# # #
 
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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