June 2020 – Cedar Rapids Economic Dev

Public-Private Partnership Supports Local Restaurants, Families

June 24, 2020

The City of Cedar Rapids, in partnership with the Cedar Rapids Community School District, is increasing food distribution to families in need while at the same time supporting local restaurants. This July, restaurants will have the opportunity to provide meals to qualified families enrolled in...

2020 Cedar Rapids Business Survey Now Available

June 24, 2020

Annually, through the City's business retention program, Cedar Rapids Economic Development Services Division staff conduct a formal program of outreach to existing industry. These retention visits generate valuable information about needs and opportunities for companies doing business in Cedar Rapids. An updated copy of the Cedar...

Federal Reserve Expands Scope of Main Street Lending Program

June 9, 2020

The Federal Reserve Board on Monday expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. The Board lowered the minimum loan amount, raised the maximum loan limit, adjusted the principal repayment schedule to begin after...

PPP Flexibility Act Eases, Extends Key Provisions

June 9, 2020

A new joint statement from U.S. Department of Treasury and SBA outlines changes to the Paycheck Protection Program (PPP). Changes are intended to streamline the process of helping businesses access financial resources to keep employees on payroll and continue operations. The SBA will soon issue new...

Streamlined Permit Process Supports Outdoor Service Area for Retail

June 1, 2020

CEDAR RAPIDS, IA – June 2, 2020 – To support commercial business' ability to serve patrons while also following social distancing guidelines, the City of Cedar Rapids has created a streamlined process to allow temporary outdoor service areas on private property and public sidewalk areas....