The City of Iowa City recently made changes to its Economic Development CDBG programs in order to focus on small businesses – businesses with fewer than four employees. The City can provide those eligible up to $15,000 in assistance, consisting of a matching loan up to $10,000 with 0% interest, and a grant up to $5,000 for technical assistance for items such as website development, payroll services and/or accounting and tax services.
The loan amount can be matched by a line of credit, commercial loan, your own funds, or matching funds from another grant or loan source.
Who is eligible?
A flyer containing program details is available here.
Find out more about this program, as well as other economic development programs, at www.icgov.org/financialassistance. If you are interested in applying, please contact Neighborhood Services at 319-356-5230 or email email@example.com.
We look forward to hearing from you!