Iowa City Considers Aid for Company's Expansion
IOWA CITY, Iowa (AP) Iowa City is considering financial incentives to help a software development company expand and relocate to a new downtown office and apartment building.
A city economic development panel will meet Monday to consider incentives for MetaCommunications, which works with organizations to increase productivity with products that help manage projects, marketing, brand management and other functions. The company has been based in Iowa City since 1991, with offices in Chicago and Russia.
Under a city proposal, the company would relocate its headquarters to the Park201 building near the Pedestrian Mall in downtown Iowa City. It would add up to 20 employees on top of its current local workforce of 33.
The city would provide $58,000 out of a $300,000 project to finish the office space and 33 parking spaces for employees.