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IEDA awards $2 6M for 26 downtown revitalization projects statewide

IEDA awards $2.6M for 26 downtown revitalization projects statewide Thursday, July 1, 2021 3:08 PM The Iowa Economic Development Authority on Wednesday announced $2.6 million in grant funding to help 26 communities across the state revitalize their downtown districts. The grants were awarded through the Community Catalyst Building Remediation program. Each community was awarded a $100,000 grant to help redevelop or rehabilitate underused buildings as a way to stimulate economic growth and reinvestment in the community. Among the projects was a remodeling of the former Irish Hospital Building in Forest City into eight apartment units, and restoration of a vacant iconic building in Centerville into a commercial wellness studio and eight loft-style apartments. The Community Catalyst program was created in 2018 and is funded through an appropriation from the Iowa Legislature. A full list of the 2021 Community Catalyst Grant recipients is available at th

IEDA board announces more than $4 1 million for company expansions, relocations

Iowa gives $1 million to 2 companies for artificial spider silk quest

Des Moines Register The state is giving food processing giant Archer-Daniels-Midland a $1 million tax credit for an improbable-sounding project: to turn corn into synthetic spider silk. The company plans to use its wet mills in Clinton to extract a sugar that can form a basic building block of the product, long seen among materials scientists as a moonshot. Researchers from several companies have tried to emulate spider silk, which is strong, light and stretchy. Manufacturers believe the product could be a lucrative material for clothes, makeup, medical supplies, fake hair and even car parts. Archer-Daniels-Midland s foray into the speculative field began in October, when it announced a partnership with Spiber Inc., a Japanese company that has tried to make a spider silk product since 2007. Archer-Daniels-Midland will ferment the corn and supply the sugar, which Spiber will turn into a dried, powder-like substance that it has trademarked as Brewed Protein.

Cedar Rapids $39 5M request to aid downtown developments advances

Cedar Rapids $39 5M request to aid downtown developments advances
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