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Iowa Community Development LC
Johnston IACDFI Awards for Iowa Community Development LC
NMTC (2009) - $70,000,000
Iowa Community Development, LC (ICD) will use its NMTC allocation to provide debt-financing products combined with forgivable loan products to businesses throughout Iowa for construction and rehabilitation projects, building acquisition, equipment purchases, operating and maintenance expenses, site development, and working capital. ICD will target project sectors such as advanced manufacturing, life science, information technologies, retail, and value-added agriculture processing. The NMTC allocation will enable ICD to make loans at below-market rates, eliminate origination fees, and offer longer than standard interest-only payment periods and longer amortizations.
NMTC (2008) - $50,000,000
Iowa Community Development, LC (ICD) will use its NMTC allocation to provide debt-financing products combined with forgivable loan products to businesses throughout Iowa for construction and rehabilitation projects, building acquisition, equipment purchases, operating and maintenance expenses, site development, and working capital. ICD will target projects sectors such as advanced manufacturing, life science, information technologies, retail, and value-added agriculture processing. The NMTC allocation will enable ICD to make loans at below market rates, eliminate origination fees, and offer longer than standard interest-only payment periods and longer amortizations.
NMTC (2006) - $45,000,000
Iowa Community Development LC (ICD) will use its NMTC allocation to provide debt-financing products combined with forgivable loan products to real estate businesses throughout Iowa for construction and rehab projects, building acquisition, equipment purchases, operating and maintenance expenses, site development, and working capital. ICD will target projects sectors such as, advanced manufacturing, life science, information technologies, retail, and value-added agriculture processing. The NMTC allocation will enable ICD to make loans at below market rates, to eliminate origination fees, and to offer longer than standard interest-only payment periods and longer amortizations.
Other Community Development Financial Institutions in Iowa
Covenant Financial Services Co.
Davenport
Grow Iowa Foundation, Inc.
Greenfield
Homeward, Inc.
Allison
Iowa Community Capital
Coralville
Rural Development Partners, LLC
Mason City
The Abilities Fund
Centerville
Featured Government Grant Resources
Business Grants for Women
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Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Social Entrepreneurship
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Calgary Social Enterprise Offers High-Tech Services by People with Autism
Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.
