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Cresco, Nashua Downtowns Get Financial Boost

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.

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Mark Pitz

News Director
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