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City of Davenport Economic Development Loan
City loans for larger business projects creating new full-time jobs in Davenport.
About this program
Davenport offers an Economic Development Loan for larger manufacturing and business projects that create new jobs in the community. The city describes assistance of up to $30,000 per new full-time job created, with variable interest rates and loan amount dependent on project scope.
Eligibility
Businesses creating new full-time jobs in Davenport, especially larger manufacturing or expansion projects.
Requirements
- Contact Davenport Economic Development before project start
- Document project scope, new full-time jobs, wages, investment, and financing
- Submit loan application materials and complete city review