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Jumpstart Small Business Assistance |
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ECICOG is not administering funds for businesses located in Cedar Rapids or Iowa City at the time of the flood. For information on programs in Cedar Rapids or Iowa City, please contact either City at: |
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Cedar Rapids: Dial 211 Iowa City: 319-356-5230 |
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Please Note: ECICOG is not able to provide updates on applications filed with Cedar Rapids or Iowa City. Cedar Rapids residents who have called 211 and completed their registration with Cedar Rapids do not need to contact ECICOG to enhance their application. |
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ECICOGs funds are available to flood affected businesses located in Benton County, Iowa County, Jones County, Washington County, as well as areas of Linn County outside of Cedar Rapids, and Johnson County outside of Iowa City. |
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The Iowa Department of Economic Development will provide financial assistance to businesses suffering physical damage or economic loss due to the 2008 tornado, floods, and storm disasters and have been approved for and have signed a disaster loan from the U.S. Small Business Administration (SBA) or from a state-chartered or federal-chartered financial institution. |
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An eligible business will be able to receive funding in an amount equal to 25% of the dollar amount of their disaster loan, up to a maximum of $50,000. The award will be in the form of a loan at 0% interest and will be forgiven if the business reopens within twelve (12) months of their award date, and if applicable, upon receipt of documentation that the business has purchased and installed the energy efficient equipment. |
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An eligible business may also receive funds in an amount of up to $5,000, less any utility rebates, for the purchase and installation of energy efficiency equipment that meets the standards of the Office of Independent Energy. |
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Commercial landlords will be eligible to receive assistance through the provisions of the Jumpstart Small Business Assistance Program. |
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How to Apply: Review additional information from IDED |
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Mail the application to: Jumpstart Small Business Assistance C/O ECICOG 700 16th St NE, Suite 301 Cedar Rapids, IA 52402 |
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Or send by fax to: 319/365-9981 |
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For more information, please contact Tracy Dekoter at 319-365-9941 |
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