Cedar Rapids to receive $38 million government economic development grant

Posted on Tuesday, April 27th, 2010 at 5:50 pm    

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 Law Group, P.C., at (877) 327-2600.


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