Muscatine Small Business Forgivable Loan Program

Muscatine’s Small Business Forgivable Loan Program

Ready for you small business to take off?

The City of Muscatine is offering Small Business Forgivable Loans for startup and expansion cost. Businesses can obtain a loan for up to $25,000 for the business at a term of 5 years with 20% of the original loan forgiven annually at the anniversary of the origination of the loan. Funds are allocated up to $15,000 for startup cost and up to $10,000 for code compliance. Businesses receiving funding must be new businesses or be significantly expanding business operations to be eligible. Applicant must meet 1:1 (applicant investment v. grant funding) (may be waived in whole or in part by the City Administrator upon recommendation of the committee). Inventory is not an eligible grant funded expense but does count toward match. The City has allocated $100,000 in funding annually.  Funds will be awarded to qualifying businesses based on availability of funds.  This is a great example of Tax Increment Financing (TIF) at work in our community!

Purpose:  Promote in-fill and redevelopment in targeted areas throughout Muscatine.

Objective:
– Improve Building Infrastructure
– Assist with Capital Equipment Purchases
– Offset Cost of Historic Building Preservation
– Offset Cost to Address ADA Access Issues
– Offset Cost of Fire Code Compliance, Sprinkler Systems, Egress Issues
– Allow Businesses to Allocate Additional Funds to Grow and Expand Business

Program Documents

Application Packet – Small Business Forgivable Loan
Summary
Application
Project Budget Sheet
Sample Agreement
Small Business Forgivable Loan Documents
Downtown Small Business Forgivable Loan District
Park Avenue Small Business Forgivable Loan District
Grandview Small Business Forgivable Loan District

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Supporting small business and downtown revitalization in Muscatine!

For more information:  http://www.muscatineiowa.gov/923/Small-Business-Forgivable-Loan-Program

Here is a summary of forgivable loans to date:

Awards to date:
Home Run Hitters, Baseball & softball pro shop addition, $ 25,000.00
Big River Guns, Gun smithing and firearm sales, $ 16,000.00
Sign Pro, Building improvements and 3D printing, $ 15,000.00
Well Fit Nutrition Bar, Nutritional drinks, product sales and oxygen bar, $ 9,800.00
Rose Bowl, Arcade and laser maze addition to bowling ally, $ 22,350.00
In Process:
Sal Vitale’s Pizzeria, New pizza and pasta restaurant $ 11,850.00
Total $ 100,000.00

Muscatine Building Improvements Loan Program

The City of Muscatine and three local banks, Central State Bank, First National Bank of Muscatine, and Community Bank and Trust, have partnered to launch a new loan program to assist property owners in Muscatine’s downtown to make improvements to their buildings and properties.

The program was born out of the need to stretch grant dollars for a specific downtown project so it could design, construct or upgrade the rear sides of a select few downtown buildings to take advantage of riverfront views that exist.

The local banks are committed to the City of Muscatine’s downtown and have set aside $1,000,000 for this loan program.

Property owners will first work with City of Muscatine staff to detail the improvements to be completed with a building improvement plan. With the City’s approval, applicants can approach the three lending institutions to secure funds for their improvement project. Loans will receive a fixed rate at 1% below prime for the first three years with a variable adjustable rate thereafter for a term no longer than 10 years. The initial district for these loans will run 12 City blocks. The loans will be a minimum of $5,000, and borrowers will still be subject to the banks normal credit standards.

Most improvements are eligible; however, there are some improvements that are ineligible such as no signage, inventory or modifications that take away from the historic character of the property and historic district.

Information and Documents:

Building Improvements Loan Program Documents
Application – Building Improvements Loan Program

For more information and a copy of the district map, please follow this link:  http://www.muscatineiowa.gov/924/Building-Improvements-Loan-Program 

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Let’s continue to make downtown Muscatine a great place to live, work and play!

Muscatine City Code Being Updated

The City of Muscatine has begun a process to update the City Code in 2014.  Following in 2015 will be an update of the 1973 Zoning Ordinance.  City Staff has been working on a rewrite for the past 18 months and will begin the public portion of that review at tonight’s City Council In-Depth (work session).  Tonight’s review will highlight Titles 1, 2, 8, and 9.  We are going a little out of order as our Community Development Director will be retiring shortly.  Over the new 2-3 months, City Staff and Council will continue to highlight the major changes to the City Code at each In-Depth session (August 14th and September 11th).

Now’s the time for the public to comment as well!  Please feel free to attend each of the public meetings or provide you comments below, via email or Facebook (cityadministrator@muscatineiowa.gov)!  We would love to hear your comments and suggestions!

Here is a link to the first four chapter up for review:  http://www.muscatineiowa.gov/DocumentCenter/View/10771

Thanks for participating!

 

 

 

 

2014-2015 City of Muscatine Budget

The preparation of the fiscal year 2014/15 budget (http://www.muscatineiowa.gov/DocumentCenter/View/10708) involved an overall team effort by city staff and City Council. With the continued uncertainty that affects financial conditions in the state and the community, the challenge to continue high levels of service is one that city staff and Council must approach together. Decisions on the level of service to be provided throughout the community have generated and will continue to generate much discussion, especially when financial resources are limited and there is demand for services to be maintained at the same level or increased. The city will continue to look toward cooperative efforts between other governmental agencies in order to provide the best overall level of service to the community as a whole. However, it is important to be realistic in the expectations of the level of services as they match against the financial resources needed to provide for them. At some point the city will have to recognize it cannot provide all of the levels of service that are demanded by its citizens unless additional funding sources are identified to fund the cost of these additional services. Faced with this situation, elected representatives are forced to choose and prioritize levels of service in the community. Given that almost every service the city provides has a constituency base, future decisions are sure to draw criticism from those affected groups. It is unfortunate but it is a fiscal reality that this and other cities will have to grapple with well into the future. With strong leadership from the Mayor and City Council and a commitment to improve the quality of life in the community, the city staff looks forward to working with elected representatives and the citizens of Muscatine.

The above link takes you to the complete budget document for 2014/15, but the following are some of the keys statistics pulled from the budget document:

City of Muscatine Organizational Chart City Tax Levy Rate by Type How are the Funds Used? Tax Rate 10 Year History Where Do Your Property Taxes Go? Where Does the Money Come From?

 

 

The Team: Evernote in City Government

The team for our Evernote experiment includes the City Administrator, Community Development Director, City Planner and Community Development Coordinator.  This seems like the logical department with which to begin our experiment.  We have numerous planning efforts recently completed and coming forward – comprehensive plan, zoning ordinance, subdivision regulations, riverfront and related improvements, economic development activities and a upcoming “dashboard” project that will provide visual dashboards for use by the public, departments, administration, and the Mayor and City Council.  These metrics will provide visual snapshots of how each department is performing (budget and operational).

The Experiment: Evernote in City Government

I have been an Evernote user since 2008.  My use has grown and developed over the years.  In fact, it is an ever evolving tool that I have come to rely on both at home and at work.  The latest chapter involves its expansion into the workplace through Evernote Business.  I have tagged several key employees in our Community Development Office to work with me (City Administrator) to put this amazing tool to work at City Hall!  Additionally, I would love to collect stories where Evernote has been successfully integrated into municipal workflows.  Please send them my way!  Here we go…

Import Commuting

 

Import Commuting….here is the issue or opportunity as described by the University of Iowa Marketing Institute during the recent Iowa Initiative for Sustainable Communities project here in Muscatine:  “Despite being the headquarters for well-known companies…Muscatine does not appeal as a place to live for a significant portion of people employed by these companies. This has led to the phenomenon known as “import commuting.” This has become a major concern to Muscatine’s community and business leaders who have invested a great deal of resources to make the city a more attractive and self-contained community for its residents.”  2014 Community Flows in the Bi-State Region IISC Branding Report2014 Community Flows in the Bi-State Region

We would love to hear your insights into how the City can address this issue.  The attached reports and links offer some insights into the issues.  Please feel free to comment here or email me at gmandsager@muscatineiowa.gov.

I would also like to offer the following evidence of programs our community has adopted or begun to address this issue of “import commuting”.  Please feel free to share and comment!

  1. Blue Zones Muscatine:  According to Bluezones.com, “Blue Zones are places in the world where people live healthy, happy lives well into their nineties, even 100s. The Blue Zones Project is a health and well-being initiative designed to make the healthy choice the easy choice.  To learn more visit: www.bluezonesproject.com/bluezones.  According to Bluezones.com. “The State of Iowa takes the first major step in creating a healthier community for all of its citizens and becoming a national leader in well-being improvement by implementing the Blue Zones Project™. In ten communities throughout the State residents will commit to change their environment, policy and social networks to increase their health, well-being and longevity.”  For more information on Muscatine’s process, please visit: https://www.bluezonesproject.com/communities/muscatine.  There have been several built environment changes that have come about through this process – trails, better crosswalk design, round-a-bout, safe-routes-to school sidewalks, and many more!  Our local team has reaped numerous rewards in working with the Dan Buettner Blue Zones Team, the Healthways Team, and multiple experts.  Their expertise, vision and infectious attitude has been a welcome addition to our community planning efforts! The community has completed the initial process and submitted our blueprint for success.  We hope to hear in the next 30 days that we are a Blue Zones Certified Community!
  2. University of Iowa – Iowa Initiative for Sustainable Communities (IISC):  According to IISC, “The IISC chose Muscatine as one of its three community partners for the 2013 – 2014 academic year after receiving requests from and interviewing numerous communities throughout eastern Iowa. The IISC – Muscatine partnership consists of students and faculty at the University of Iowa partnering with the city, community organizations, businesses and individuals in Muscatine to identify, design and implement sustainability-focused projects. The purpose of this partnership is to enhance the capacity of Muscatine to address the economic, social and cultural and environmental issues it faces today and build a more vibrant and sustainable future. In doing so, the IISC not only seeks to transform the Muscatine community, but also teaching and learning at the University of Iowa.”  IISC and the City of Muscatine cooperated on 13 different placemaking projects (Dog Park, Connectivity & Way Finding, Riverfront Improvements, Transportation Improvements, Branding and more) that will help to shape the community and raise quality of life.  Here is a list of those projects:  2013 IISC Projects List Muscatine.  Additionally, the student reports can be found at the following website: http://www.muscatineiowa.gov/index.aspx?nid=819.  City Staff and City Council are excited to be working the the Mayor’s Community Improvement Action Team to bring this plans forward to reality!  Volunteers are welcome!
  3. Planning:  The City recently complete a new comprehensive plan and is now in the process of implementation through the Capital Improvement Plan and a complete rewrite of the 1973 Zoning Ordinance. http://www.muscatineiowa.gov/index.aspx?NID=518
  4. Tax Abatement:  The City Council for the City of Muscatine, Iowa, has approved a plan to place designated areas in a program identified as the “2013 Muscatine Housing Urban Revitalization Area”. Property owners within the Area will be able to receive an abatement of taxes on eligible improvements to their property that increases the assessed value of the property by meeting one of several thresholds.  For more information: http://www.muscatineiowa.gov/index.aspx?nid=726
  5. $41 Million Dollar Iowa Reinvestment District:  As you may know, the City of Muscatine has submitted an application in support of Tom andAnn Meeker’s (Muscatine Downtown Investors) $10 million request for Iowa Reinvestment District funds.  This project has been given provisional approval subject to submission of the final application.  This downtown investment includes a hotel (Riverview Suites), convention center, parking ramp, and associate walkways.  For more details, please see the following Muscatine Journal article:  http://muscatinejournal.com/news/local/article_fccc26a9-218e-55ab-a94b-676027f1112e.html
  6. Property Taxes:  Muscatine is a great place to work, live and play, but there is a cost to providing city services.  The City has done a great job implementing street, trail, and other quality of life improvements and providing a high level of service to our residents and business community – all while doing more with less.  The City has not seen a property tax (tax rate) increase over the past five (5) years.  To continue down this path, we have joined the Iowa Lean Consortium and with the assistance of local industry (HNI), we have implemented a “lean” program here in Muscatine (opportunity for a future post). City of Muscatine Tax Rate History
  7. Economic Development:  Tax Increment Financing (TIF) Projects (Most Recent)
  • Meeker Downtown Project:  Projected to receive $6 million maximum TIF rebate by City after a $41 million dollar investment and generate 110 jobs.
  • Heinz:  $24 million dollar investment/expansion, $880,000 maximum TIF rebate by City, generating around 130 new jobs.
  • Wal-View:  Construct 576,000 square foot warehouse, 25 new employees with minimum payroll of $750,000.00, $5 million maximum City rebate.
  • Fridley Theatres:  $4 million investment in theatre plus street and related infrastructure, created 5 outlots for development, $1.5 million maximum TIF rebate by City,
  • Heinz:  Manufacturing plant addition and substantial investment in equipment , retained 90 full-time jobs, $425,000 maximum TIF rebate.

The above items are mainly city-related activities and are not an exhaustive list of the activities and projects going on around town, i.e. HNI expansion and renovations, Kent Corp./GPC renovation, and much more.  These are substantial investments in the downtown and around town, ongoing investments in high quality jobs, and in the overall quality of life in Muscatine.

Thanks for listening !  We would love to hear your comments!

Attached are several resources for review:

1.  Muscatine: Insights and Rebranding Recommendations, The University of Iowa Marketing Institute, May 8th, 2014  IISC Branding Report

2.  2014 County-to-County Commuting Flows in the Bi-State Region, Bi-State Regional Commission, March 2013  2014 Community Flows in the Bi-State Region

3. Tax Increment Finance 101 and Important Statistics, Iowa League of Cities 2014  Tax Increment Finance 101 & Important Statistics (Iowa League of Cities)

 

 

 

Muscatine Riverview Suites by Tom & Ann Meeker

Muscatine Riverview Suites by Tom & Ann Meeker

Muscatine Riverview Suites One Step Closer to Reality! Check out the full story here: http://muscatinejournal.com/news/local/article_fccc26a9-218e-55ab-a94b-676027f1112e.html

City of Muscatine IEDA Reinvestment Act Grant and Iowa Initiative for Sustainable Communities

The City of Muscatine has partnered with Tom and Ann Meeker to apply for Iowa Reinvestment Act grant funds.  The application requests $10 million in grant funds to assist in making the $41 million dollar project a reality.  The project includes a boutique hotel along the Mississippi River, renovating a downtown structure into a convention center and adding an adjacent parking garage.  This project has the potential of being the cornerstone for future downtown redevelopment in Muscatine.  In addition to this IEDA grant, the City has recently partnered with University of Iowa students and their Iowa Initiative for Sustainable Communities program to complete 13 different improvements projects.

For additional information on the IEDA grant check out the following link:

http://muscatinejournal.com/news/local/muscatine-makes-its-pitch-to-state-panel/article_2cc00400-2dfd-5b1f-9455-bf4bfb457c51.html#.U3YMtrcFXfo.twitter

For additional information on the IISC projects check out these links:

http://www.muscatineiowa.gov/index.aspx?nid=819

http://muscatinejournal.com/news/local/showing-some-initiative-how-can-we-give-the-pearl-city/article_cabba088-5f83-5cf2-add6-488acb737e9d.html

http://muscatinejournal.com/news/local/opportunity-knocks-and-behind-the-door-ideas-to-make-muscatine/article_f5229409-4c5a-55ff-b41f-a32e8e785797.html?utm_source=twitterfeed&utm_medium=twitter

More info on each subject can be found on Twitter @greggmandsager