Downtown Cedar Rapids

Cedar Rapids is business-friendly and rewards investments

Economic development in Cedar Rapids, Iowa has a longstanding reputation as a strong, supportive business environment, with community leaders whose flexible and supportive attitudes have helped local companies succeed. That’s why we’ve long been a hotbed for innovative entrepreneurs and an ideal location for companies from small businesses to global enterprises. (The fact that our municipal government is known for fiscal responsibility and predictable taxes helps, too.)

Local leaders work closely with Linn County and the State of Iowa to streamline processes and permitting, and to create incentive programs that reward companies for making investments. Depending upon a company’s specific needs and plans, available programs include small business assistance, EB-5, tax increment financing (TIF), workforce training programs, redevelopment tax credits, innovation funding, corporate tax credits, research activities credits, and other business incentives. State programs such as the Iowa Apprenticeship Program and the Iowa Industrial New Jobs Training Program help companies prepare workers to meet their needs.

We’re proud of our innovative approaches. For example, we have several Revolving Loan Funds and micro loans that give entrepreneurs and small businesses access to the capital they need to expand and offer new services. And Iowa offers a Renewable Chemicals Production Tax Credit program -- the first of its kind in the nation -- that supports the development of biomass as feedstocks for renewable chemical production.

City and Local Incentives for Cedar Rapids Businesses

Cedar Rapids Economic Development Services staff will work with you to find economic development program options that fit your specific needs.

Visit the links below to learn more about each of these programs

City of Cedar Rapids Economic Development Partners

We proudly collaborate with many economic development partners to expand the number of support services available locally.

Visit the links below to learn more about each of these programs

City of Cedar Rapids Information

City of Cedar Rapids staff are available to help you find a way to make your project a reality.

Visit the links below to learn more about each of these programs

Iowa Economic Development

Projects locating in Cedar Rapids benefit from strong local to state level connections.

Visit the links below to learn more about each of these program

City Development Process

Whether building or leasing, the City of Cedar Rapids is your development partner.

Visit the links below to learn more about each of these programs

Your business may qualify for additional programs and incentives not listed here. We’re always glad to help you find the right support for your project.

Recent Projects

  • Grandview Village West

    Project Location: South of Wilson Avenue SW and east of Stoney Point Road SW Project Highlights: Affordable homes in a park-like setting Pristine landscaping and numerous amenities accentuate the comf...

  • Foxtail Ridge Multi-Family

    Project Location: Council Street NE Project Highlights:   This is a $25 million dollar development of duplexes and market-rate apartments planned for the future Tower Terrace Road at Council Stre...

  • Mercy Senior Living Community and Innovation Center

    Project Location: 9000 C Ave NE Project Highlights: Mercy is pleased to announce its partnership with Presbyterian Homes & Services — a national leader in housing and services for older adults ...