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Primrose awarded the Challenge Grant

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13 COMMUNITIES RECEIVE NEARLY $1 MILLION IN MAIN STREET IOWA CHALLENGE GRANTS

Projects will leverage private investments to revitalize downtowns across the state

For more information, contact:

Jacque Matsen, 515.348.6245
communications@iowaeda.com

November 8, 2018 (DES MOINES, IOWA) — The Iowa Economic Development Authority (IEDA) today awarded Main Street Corning a $70,000 grant for the Primrose Upper Story apartments. Marilea Mullen, Main Street President, Leland Shipley, Board of Supervisors, Judy Beckett, City Council, Marti Gebbie, Main Street Director, Joel Mahr, Primrose owner, Jill Fulton, Primrose owner represented Main Street Corning at the event. Twelve other Main Street Iowa communities also received grants.

“Main Street Corning continues to thrive because of the dedication of our businesses in our district.   This grant for Primrose will make an impact for them and our community.  I am thankful we are part of the Main Street Iowa program.  This partnership is one key to our success with financial support opportunities,” shared Marilea Mullen, MSC President.  “But it is the vision and passion for making a difference, by all involved, that is truly the heart of what makes Main Street Corning a special place to be part of.”

 “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 demonstrate the ongoing commitment the people of our state have to keeping our downtowns vibrant, which helps attract new visitors, residents and businesses.”

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 these 13 projects is over $8.7 million.

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“Each project must provide at least a dollar-for-dollar cash-match,” said Michael Wagler, state coordinator for the Main Street Iowa program. “In total, these projects will actually leverage more than nine times the state’s investment into bricks and mortar rehabilitation that will have a significant economic impact within each district.”

The Challenge Grant program is funded through an appropriation from the Iowa Legislature.  Since the first appropriation in 2002, approximately $9.6 million in state and federal funds have leveraged more than $57 million in private investment. Over the life of the program, 165 projects in 53 Main Street Iowa commercial districts across the state have received funding.

Photos of recipients will be available at iowaeconomicdevelopment.com/IDRC/MainStreetIowa after November 13, 2018.  For more information about the Main Street Iowa Challenge Grant program, contact Michael Wagler at 515.348.6184 or mainstreet@iowaeda.com.

 

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2018 Main Street Iowa Bricks and Mortar Challenge Grant Recipients

 

Community

Applicant

Project

IEDA Grant Amount

 Match Amount

 Total Project Cost

Ames

Ames Cultural District

Olde Main Brewing Company

 $75,000

$1,025,000

 $ 1,100,000

Burlington

Downtown Partners, Inc

The Collective, 805 Jefferson

 $75,000

$100,000

 $175,000

Cedar Rapids

Czech Village/New Bohemia

Urban Main Street District

Czech Cottage

 $60,000

 $87,450

 $147,450

Corning

Main Street Corning

Primrose Upper Story

 $70,000

 $88,000

 $158,000

Davenport

Hilltop Campus

Village Corporation

Brewed Book - Phase II

 $75,000

$180,389

 $255,389

Dubuque

Dubuque Main Street Ltd.

84 Main Street/Old Main Hotel

 $75,000

$129,848

 $204,848

Greenfield

Greenfield Chamber/Main Street

358 Public Square

 $75,000

 $87,600

 $162,600

Guthrie Center

Main Street Guthrie Center

Guthrie Activity Center

 $70,000

$107,000

 $177,000

Le Mars

Le Mars Area Chamber of Commerce

One Office Solution

 $75,000

$340,000

 $415,000

Marion

Marion Chamber of Commerce DBA Uptown Marion

Owen Block

 $75,000

$1,847,766

 $1,922,766

Mount Vernon

Mount Vernon-Lisbon Development Group

Bijou Theater Expansion

 $75,000

$700,224

 $775,224

Newton

Newton Main Street

115 West 2nd Street South

 $75,000

$267,736

 $342,736

Waverly

Waverly Chamber of Commerce/Main Street

Waverly Palace Theater

$75,000

$2,873,000

 $2,948,000

 

 

 TOTALS:

$950,000

$7,834,013

 $8,784,013