CRMEA Report June/July 2018

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4 JUNE/JULY <strong>2018</strong> Facade Imp
ovement Grants BRING FACELIFTS TO CORE DISTRICTS BUSINESS RETENTION & EXPANSION It’s no secret that the appearance of Downtown Cedar Rapids and neighboring districts has changed over the last few years. Take a drive through the Downtown core, Kingston Village and the MedQuarter and you’ll notice many new or existing businesses that have transformed their storefronts. Both the Downtown and MedQ Self-Supported Municipal Improvement Districts (SSMID) have established Facade Improvement Matching Grant Programs in partnership with the City of Cedar Rapids to encourage property and business owners within the respective districts to renovate building fronts and other exteriors plainly visible to the public. Both programs match up to 50% or $10,000, whichever is the lesser of the two, for grant awardees. Between 2014 and 2017 the Downtown Facade Improvement Grant Matching Program made 14 awards totaling $100,000 in support of projects representing nearly $1.9 million in total façade improvements. These facade improvement projects were part of projects totaling over $52 million in capital improvements. Since the launch of the MedQuarter Facade Improvement Grant Program in 2016, over $28,000 has been awarded for five facade improvement projects. For more information on the Downtown Facade Improvement Grant Matching Program, head to www.cedarrapids.org/ our-community/downtown and find more information on the MedQuarter Façade Improvement Grant Program at www. themedq.com/about-medq/economic-development. Building facades are truly the face of districts like Downtown Cedar Rapids and the MedQuarter. Creating opportunities for businesses to beautify their storefronts is an important component in achieving vibrant, thriving business districts. ECONOMIC ALLIANCE REPORT 5
Page 1 and 2: THE SIGNIFICANCE OF BUSINESS RETENT
Page 3: 25 YEARS OF DEVELOPMENT IN 5 YEARS:
Page 7 and 8: THE SIGNIFICANCE OF EA BUSINESS RET
Page 9 and 10: San Francisco, CA Santa Clara, CA D
Page 11 and 12: ROOTING YOUNG PROFESSIONALS IN OUR
Page 13 and 14: PRIORITIES FROM LEGISLATIVE SESSION
Page 15 and 16: CEDAR MEMORIAL: DRIVING INDUSTRY IN

CRMEA Report June/July 2018

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