Mayor Bruce Teague | Mayor Bruce Teague official website
Mayor Bruce Teague | Mayor Bruce Teague official website
The City has announced that it is in the review phase of awarding ARPA funds for the Inclusive Economic Development Program.
About two years ago, the American Rescue Plan Act was signed into law by President Biden. The City received $18.2 million to help the community address impacts of the pandemic and build resilience in our communities.
City Council reserved $4 million towards business support for Iowa City-based businesses led by members of underestimated communities. In March 2023, the City requested statements of interest from groups that had ideas for improving support for underestimated business leaders and entrepreneurs.
After three informational sessions, and a deadline of May 1, 2023, the City received 30 statements of interest totaling approximately $22.7 million. The ideas included business incubators, community kitchens, and office buildings to support services like business coaching, mental health services, and marketing.
The City will now internally evaluate the responses prior to making recommendations to the City Council. The review phase is estimated to take about 60 days.
If you have any questions or concerns, contact Redmond Jones II, Deputy City Manager, at 319-356-5012.
Original source can be found here.
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