FY25 Proposed Budget

Economic Development The Economic Development Division researches, compiles, and analyzes demographic and economic data to recommend and implement policies and programs designed to further the economic development of Iowa City, conducts outreach and provides support to local businesses, and manages the City’s public art program. Staff members work closely with the Iowa City Area Business Partnership/Iowa City Area Development Group merged organization, Self-Supporting Municipal Improvement Districts, the University of Iowa, and others in promoting the City as a viable business location. They assist developers and prospective companies with commercial and industrial development projects and advise the City Council regarding economic development projects and proposals. General Fund Activities:  The Economic Development division is the municipal office to contact for business assistance in the City of Iowa City. As a division of the City Manager’s Office, the Economic Development staff provides access to both information and individuals throughout the City organization aimed at assisting entrepreneurs and business interests in pursuing new and expanding business endeavors.  The Public Art activity includes coordinating public art projects in the community, the annual Sculptor’s Showcase and Public Art Matching Grant programs and staffing the Public Art Advisory Committee.

Recent Accomplishments:  Approved 3 Commercial & Industrial Energy Efficiency Grants for a grand total of 13.  Approved tax abatement eligibility for 3 properties in the Highway 6 Commercial Urban Revitalization Area.  The Small Business Administration (SBA) named Iowa City the 2023 Iowa Small Business Community of the Year.  Completed sale of approximately 30 acres of industrial park land to the Iowa Interstate Railroad for development of a new transloading facility.  Closed on the purchase of vacant property at 21 S. Linn Street with the goal of facilitating a private redevelopment project incorporating significant public benefits.

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