Cedar Rapids, Iowa will receive $38 million in U.S. Economic Development Administration grants. The grants are intended to assist in the economic recovery of Cedar Rapids, which suffered significant damage caused by 2008 flooding.

The majority of the grant will fund a new downtown events center, while $3 million will fund construction of a Regional Commerce Center and Small Business Incubator. The grant will likely create new job opportunities for many Iowans.

If your company has questions about the legal implications of securing government funding, contact the Iowa business attorneys of LaMarca & Landry, P.C., at 877-327-2600.

When individuals consider forming a business, one important decision they must make is choosing a name for the business. Even if the business has not been formed, this name may be reserved for future use.

To reserve a name, individuals can typically submit an application to the Secretary of State. Assuming the name is available, that name will be reserved for up to 120 days and may also be extended for additional 120 days of use.

Completing this application properly, however, could be aided by a lawyer with business law experience. If you have legal questions about starting your own business, contact the Iowa business formation attorneys of LaMarca & Landry, P.C., at 877-327-2600.

A fire caused significant damage to an Iowa propane business late last week. According to police reports, the fire occurred at The Little Welding Store in Akron, Iowa.

While police authorities are unsure what caused the fire, the fire set off explosions in multiple small propane tanks. However, fire officials were able to keep the fire from spreading to larger propane tanks nearby.

If your are facing business litigation as a result of a business fire, contact the Des Moines business lawyers of LaMarca & Landry, P.C., at 877-327-2600.

The Republican candidate for governor has proposed cutting business income taxes by half. According to Republican press release, the cut would be intended to improve Iowa’s economy.

Terry Branstad, who is a former four-term governor, said the cut in taxes would make Iowa more competitive. The increased competition could increase the attractiveness of Iowa to other businesses.

If you or anyone you know has legal questions about your business income taxes, contact the Des Moines business attorneys of LaMarca & Landry, P.C., at 877-327-2600.