Iowa City Downtown District Offers $ 15,000 Grants To New Retailers

Maintain the balance “objective more urgent than ever”, according to the district

“The vast majority of space interest comes from national and local restaurants and food establishments,” says Nancy Bird, executive director of the Iowa City Downtown District. (Liz Martin / The Gazette)

Iowa City Downtown District announced that it is offering grants of $ 15,000 to those signing new non-textile retail leases.

According to the ICDD, the ground floor vacancy rate is around 4%, but the district hopes to maintain a balance between types of downtown businesses – “a more urgent goal than ever.” according to a press release Wednesday.

“The vast majority of space interest comes from national and local food and beverage establishments,” ICDD Executive Director Nancy Bird said in the press release.

“In order to keep a mix of offerings downtown, now is a really good time to go out and entice new independent retailers and encourage them to take a look downtown.”

ICDD also offers one year of free retail shipping and the ability to sell products on its Downtowniowacitymarket.com online store.

More information on grants is available at Downtowniowacity.com/do-business.

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