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Cedar Rapids council supports facade improvement, startup programs

$50,000 approved for each initiative

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CEDAR RAPIDS ó The City Council has agreed to spend $100,000 on two new projects, $50,000 on a downtown facade-improvement program and the same amount to back an entrepreneurial startup support venture.

In the facade fix-up initiative, the councilís $50,000 is matching $50,000 contributed by the downtown property owner group, the Self-Supported Municipal Improvement District board.

Property owners who seek grants from the fund must pay 50 percent of the cost of any improvement, and the grant size canít exceed $100 per lineal foot of building.

The Iowa Startup Accelerator is located in the new three-story Geonetric Inc. office building at 415 12th Ave. SE in New Bohemia.

The project is designed to develop an environment for and a network of entrepreneurs, mentors and investors.

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