North Liberty Announces Small-Business Development Program

The City of North Liberty begins a revolving loan program to support small businesses as part of its new economic development strategy.
May 16, 2012 —
The City of North Liberty and The University of Iowa John Pappajohn Entrepreneurial Center, have started a program to help encourage, advise and assist small businesses in North Liberty.
“Small business is an essential part of our community,” said City Administrator Ryan Heiar. “We believe this will encourage innovators to come to and invest in North Liberty.”
The loans were conceived as gap financing to help worthy under-funded projects get off the ground.
Under the program, North Liberty will offer loans, to be repaid within five years, of up to $25,000 for projects that create or retain permanent jobs, make investments into the community’s tax base or provide unique services in the community. Proposal will be reviewed by a committee composed of city staff, elected officials, local business owners and business experts, and funding and terms will be approved by the city council.
Details of the program, as well the application, are available at northlibertyiowa.org/economicdevelopment