CDowntown districts in Nashua and Cresco are among 26 communities in the state to each receive $100,000 revitalization grants.
The Iowa Economic Development Authority (IEDA) is awarding $2.6 million in grant funding in all through the Community Catalyst Building Remediation program. Each grant is designed to help redevelop or rehabilitate underused buildings as a way to stimulate economic growth and reinvestment in the community. Cities are required to provide financial and/or in-kind resources to supplement these projects.
Nashua is matching their IEDA $100,000 grant with $155,000 locally towards the Anthofer Properties Communities Catalyst. Cresco’s $100,000 IEDA grant goes towards Vernon Springs Brewing Company and will be matched as part of an overall downtown revitalization project of almost $1.2 million.