Grant funding awarded from the Iowa Economic Development Authority Friday

Iowa Economic Development Authority Photo courtesy of Pexels.com

Three companies that help the Iowa entrepreneurial community received approval for grant funding from the Iowa Economic Development Authority Friday, according to a news release.

According to the release, Northeast Iowa Community College, the Iowa City Area Development Group and the New Bohemian Innovation Collaboration (NewBoCo) were awarded grants from the Entrepreneurial Investment Awards. The program stipulates in order to receive assistance you must offer technical and financial assistance to entrepreneurs and startups looking to create, locate or expand a business in Iowa.

Northeast Community College received $160,000 for their entrepreneurial activities within the Greater Dubuque area.

Iowa City Area Development Group and NewBoCo received $120,000 grants to expand and enhance the Entrepreneurial Mentoring Program and develop the newly created Corridor Angels Network, respectively.

The board awarded the Iowa State University Research Park a $200,000 grant from the EIA program to expand Startup Factory.

Startup Factory is poised to expand its impact through partnerships with community colleges and private universities in northwest Iowa.

Across the state of Iowa, projects were approved in Cedar Rapids, Charles City, Grimes, Marion, Waterloo, Dubuque, Iowa City, Ames and Sioux City, according to the release; $48 million was approved in capital investment in Iowa.

The release came after the Iowa Economic Development Authority held its monthly meeting Friday morning.