• business-4543

Work | Business Assistance & Financial Incentives

Are you considering expanding or opening a new business in downtown Davenport but don’t know where to start?  DDP has a dedicated staff that’s available to help you understand the nuances of doing business downtown so you can get your doors open sooner.

We can also help coordinate meetings with the City’s Community Planning & Economic Development staff to ensure you understand what financial incentives are the best fit for your business.

See below for a list of programs and incentives that could benefit your company.


DDP Commercial Interior Improvement Grant

Eligible projects must be located within the boundaries of the Downtown SSMID and funds are strictly for use towards capital improvements. Our goal is to attract new and retain existing downtown commercial office/retail tenants while enhancing the overall value and appeal of the downtown business district.

The grant provides assistance in the form of matching funds that are paid to selected applicants upon completion of the approved project. Grant funding is available equaling up to 20% of owner/developer investment capped at $5 per square foot (PSF). For example, if owner investment (tenant improvement allowance) is equal to $20 PSF, the project could qualify for a DDP grant of $4 PSF; thus, enabling a $24 PSF total improvement budget for the desired project. Funding for interior design assistance may be available for qualified projects.

Download Commercial Interior Improvement Grant App

DDP Facade & Streetscape Grant

DDP offers Facade & Streetscape grants intended to enhance the overall beautification and visual appearance of downtown. It is not intended to fund routine building maintenance. Examples of eligible projects include, but are not limited to, painting, decorative streetscaping, tuck pointing, awnings, historic window replacement, etc. Interior projects are not eligible.

Matching funds are paid to approved applicants after private investment has been applied to the project. The maximum amount of any grant is $15,000.

For more information or to apply, please contact DDP staff.


Free Market Research – BIG Database

The Quad Cities Chamber, in partnership with Eastern Iowa Community College District, offers a FREE data-mining service called Business Information for Growth, or BIG.

Identify new opportunities for your business to grow by researching demographic statistics, market analysis tools, and vital information on millions of U.S. companies.  Databases include Reference USA, Hoovers Plus, First Research, Plunkett Research, and Acculeads.

BIG is FREE to use and can be accessed after a brief training.  To schedule an appointment, call 563-322-1706.


City of Davenport Downtown Financial Incentive Programs

Small Business Loan Program (SBLP)
This federally funded program provides loans for $10,000 – $20,000 to assist small businesses with expenses such as machinery and equipment, building purchase and working capital. Loans are for five years with 0% interest. In order to qualify, business must have 50 or few employees and do one of the following three things:

  • Expand the availability of essential goods/services in low to moderate income neighborhoods
  •  Create and/or retain jobs for low-mod income persons
  • Owner must be a low-mod income person

Downtown Davenport Jobs Program
This program offers up to $20,000 per new full time or full time equivalent position created. Loans amounts range from $20,000 to $60,000 and are repayable over 5 years at 0% interest.

  • All loans require the applicant to provide matching dollar for dollar funds via proven cash or through traditional financing. The maximum amount of loan funds are not guaranteed for projects, rather each project is subject to financial analysis and approval by City staff.  If a business is interested in a loan of $20,000 or less they are encouraged to apply for the Small Business Loan.

Façade Loan Program
The City has a federally funded façade loan program. Preference is given to blighted properties and the rehabilitation of historic structures. Loans are for five year with an interest rate of 0-3%.

Parking Ramp Rate Incentive
A preferential rate on leased parking spaces is available for four years for new businesses occupying office space and bringing new jobs downtown.  The rate is available under the following criteria:
1. Company must occupy 5,000 Sq. Ft. of office space with minimum of 15 jobs and 5 year lease.
Year 1:  1/3 of public rate
Year 2:  1/2  of public rate
Year 3:  2/3 of public rate
Year 4:  3/4 of public rate
Year 5: Full public rate
Terms can sometimes be negotiable depending the size and number of jobs being created.  Contact DDP staff for more information.

Tax Incentives

Urban Revitalization Tax Exemption (URTE)
Property tax exemption on the increase of property taxes resulting from additions and rehab to existing structures and new construction of residential, commercial and industrial properties. This program offers seven different tax exemption schedules to choose from depending upon the tax classification of property.

Workforce Housing Tax Credit
Details coming soon.  Click here for more information.

Additional Assistance

Bi-State Revolving Loan Fund
The BSRLF makes below market-rate loans to fill permanent financing gaps and leverage private financial investment for businesses that create jobs. The BSRLF are based upon job creation with a maximum of $7,500 per job created. The loan may be used for working capital or to assist the business in the purchase of fixed assets such as machinery, equipment, land or buildings. Applications are accepted on a monthly basis.

For additional information, please all the City Community Planning and Economic Development Department at 563-326-7765.

 

 

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News
2017
News
2017
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  • Mar
    28th

    Downtown Construction/Traffic for Spring ’17

    Over the course of the next two months, there will be vital construction occurring downtown.  Unfortunately, this also means traffic congestion. Starting on April 3rd, the two west/left lanes  of Brady St. (from River Dr. to 7th St) will be under construction until approximately April 24th. After this construction is complete, the lane closures will switch to the two opposite lanes on Brady St.  Construction is scheduled to be complete by May 27th. In addition to this major decrease in lane usage, the west bound lane of 2nd St. between Main St. and Brady St. will also be closed for sewer work until April 16th.

    On-street parking will be highly monitored and limited as certain blocks will have no street parking at all. We understand this construction will add time to your daily commutes, however at the Partnership, we have come up with solutions to hopefully relieve any traffic jams.

     

    TAKE AWAYS:

    • For the next two months road/sewer construction will be underway along Brady and 2nd It is schedule to be complete by May 27th.
    • On-street parking in this vicinity will be very limited.

     

    OUR ADVICE:

    Utilize the FREE Riverfront parking.
    It may not be a beach, but it makes for a romantic walk!

    free parking
    Use parking ramps the SMART way.
    If you’re a frequent user of the ramps, download the ParkingMobile App. You won’t have to waste time finding and paying at the kiosks. (Redstone Ramp is Zone #9691 & RiverCenter is Zone #9692).
    parking appWhen exiting the Redstone ramp opt to go south before going north. You’ll avoid congestion and in result get around quicker. When leaving the RiverCenter Ramp, exit on 2nd St and head east to avoid congestion.

    parking ramps

    Opt for alternative north bound routes. Gaines St., Marquette Rd., and Jersey Ridge Rd. all head north and won’t be filled with construction and frustrated drivers!!!

     

    The City of Davenport sent out this press release on Monday in regards to the construction.

  • Mar
    28th

    Hotel Blackhawk receives top AAA award

    The Hotel Blackhawk, AAA and Figge Art Museum will host an evening at the Davenport museum to celebrate the Hotel Blackhawk’s AAA Four Diamond Award.

    Read the full story here.

    Photo Credit: Doug Schorpp

  • Mar
    8th

    Your Downtown Guide to St. Patrick’s Day

    St. Patrick’s Day is approaching quickly and we have your guide to downtown for the festivities!

    pattys day raceThe Grand Parade will start in Rock Island at 11:30 a.m. on Saturday and make it’s way over to Davenport. Practice the words to “Wearin’ of the Green” before the parade makes it’s way over the Centennial bridge to 3rd St. The nationally unique parade will conclude at the RiverCenter, where the St. Patrick Society will be throwing their post-parade bash!

    On March 12, The Apprentices will be painting “Shamrock Alley,” better known as 2nd and Main Street. Shamrock Alley will serve as the starting line for CASI’s 35th Annual St. Patrick’s Day Race. The race will start Saturday morning at 9:00 a.m. with the Tot Trot. The 1 mile Family Fun Run/Walk and the Fast, Flat and Fun 5k road race will start promptly after. If you don’t want to celebrate St. Patty’s day with fitness, there’s still the option to participate as a Ghost Runner!

    dam viewLuckily for us, St. Patrick’s Day falls on a Friday this year, and our downtown businesses are taking advantage of the reason to celebrate. River Music Experience is hosting a concert and fundraiser for the QC Celtic Festival with musical guests Laural Almquist and Four Shillings Short. Barrel House is partying all weekend long with drink specials on Friday and a pre-parade party starting at 8 a.m. Dam View Inn is celebrating dual events; St. Patty’s day and the kickoff of March Madness. Expect Dj’s and tons of basketball throughout the weekend. On Saturday, Analog will host an outdoor party, and Me & Billy will be hosting their “Classic Day O’ Fun” including drink specials and delicious snacks from the Crepe Guy! Don’t forget about the annual St. Patty’s Day party at Shenanigans, as well as the big outdoor parties at Kilkenny’s, Carriage Haus, and Mac’s, too.

  • Feb
    28th

    DDP Internship

    EVENTS ASSISTANT INTERNSHIP – Summer, 2017

    Downtown Davenport Partnership (DDP), a division of the Quad Cities Chamber, is seeking college students interested in enhancing their education and experience in event planning, marketing, and implementation. This internship position offers hands-on experience and applicants can expect to play an active role in producing three major Quad Cities’ festivals.   The Events Assistant intern reports directly to Jason Gilliland, DDP Director of Events.

    Events Include:

    • Red, White and Boom – July 3
    • Street Fest (Bix7 Weekend) – July 28-29
    • Alternating Currents – August 25-26

    Responsibilities:

    • Assist in special event planning and execution
    • The position requires being on-site during all events
    • Event website maintenance
    • Volunteer recruitment and coordination as well as training sessions
    • Coordinates vendors and provides event details to prospective participants
    • Provides administrative support prior to and after events
    • Manage sponsor benefits and fulfillment
    • Other duties as assigned

    Qualifications:

    • Professional, service-oriented attitude
    • Experience in Microsoft Office is required
    • Strong organization and planning skills
    • Ability to coordinate multiple tasks
    • Strong communication skills, both oral and written
    • High level of attention to detail and accuracy
    • Ability to work independently
    • Dependable and flexible
    • Valid driver’s license

    Summary:

    Start Date: As soon as possible

    Schedule:  10 – 15 hours/week through May.  40 hours/week + events in June, July & August

    Salary:       $8.25/ hour

    Apply to:

    Jason Gilliland,
    DDP Director of Events

    Phone: 563.823.2681

    Email:  jgilliland@quadcitieschamber.com

    Website: www.downtowndavenport.com

    The information contained herein is not intended to be an exhaustive list of all responsibilities, duties and qualifications required of individuals performing the job. The qualifications detailed in this job description are not considered the minimum requirements necessary to perform the job, but rather as guidelines. They may vary from position to position.

    Photo provided by Small Wonders Photography.

  • Feb
    10th

    New luxury boutique hotel and apartments opening in Davenport

    The 1910 historic Putnam building in downtown Davenport will soon complete renovations and be transformed into a building called The Current, Iowa.

    Read the full story here.

  • Feb
    6th

    Davenport firefighter answers call to rehab historic downtown building

    Concerned last year that downtown Davenport would lose one of its historic buildings, one resident went out on a whim to save it.

    Read the full article here.

    Photo Credit: Kevin E. Schmidt, Quad-City Times

  • Jan
    31st

    ‘Event of the century:’ Quad-Citians revel in sight of Cubs World Series trophy

    When Dorothy Gaffney says she waited a lifetime to see the Cubs World Series trophy, she means it.

     

    Read the full article here.

  • Jan
    30th

    Eastern Iowa gets in on ground floor of Virtual Reality

    In a computer lab in downtown Davenport, a group of 14 students is exploring and training for what could be the next generation of digital jobs.

     

    Read the full article here.

     

    Photo Credit: Kevin Schmidt, Quad-City Times

  • Jan
    19th

    Benefit concert to celebrate Ellis Kell’s memory, support his family

    At the Peace, Love & the Joy of Music: Ellis Kell Family Benefit Concert slated for Saturday at the RiverCenter, Davenport, dozens of area musicians will take the stage to honor Kell, the Quad-City icon who died in December.

     

    Read the full article here.

     

  • Jan
    16th

    Icestravaganza tradition grows, features medieval ice sculptures

    The Downtown Davenport Partnership presented the fifth annual Icetravaganza on Saturday at the Freight House on River Drive.

     

    Read the full article here.

  • Jan
    16th

    QC Food Hub opens after renovations

    After three weeks of interior remodeling, the Quad Cities Food Hub in Davenport is once again open for business.

     

    Read the full article here.

  • Jan
    16th

    Icestravaganza melts Q-C winter blues

    Ice sculptors created an ice storm of their own Saturday as they sawed and chipped away on huge blocks of ice to create a medieval winter wonderland at Davenport’s Freight House.

     

    Read the full article here.

    Photo Credit: Jeff Cook Quad City Times 

  • Jan
    11th

    Urban Campus project gets upgrade

    The new Urban Campus of Scott Community College in downtown Davenport will be even better than originally planned, thanks to an additional — and unexpected — $2 million generated by the sale of tax credits.

     

    Read the full article here.

    Photo Credit: Kevin E. Schmidt QUAD-CITY TIMES

  • Jan
    5th

    Food Trucks to make permanent stop in Davenport

    The City of Davenport is hungry for food trucks.

    After implementing a successful six-week pilot program, the city has crafted an ordinance that will permit mobile food vendors in designated city right of ways and zones in the near future.

    Read the full article here. 

  • Dec
    30th

    Davenport’s eastern gateway gets a boost

    The eastern gateway into downtown Davenport got a boost Thursday, following a property donation by Russell Construction, the real estate development and property management company based in the city.

     

    Read the full article here.

    Photo credit: Jeff Cook (Quad City Times)
  • Dec
    30th

    Don’t let the name fool you, new whiskey bar in town won’t be ‘upscale’

    Duct tape, plastic tarp and dust-caked drapes shutter the front door and windows of the old Musicians Union Local 67 headquarters in downtown Davenport.

    The vacant building has seen better days, but a creative crew of entrepreneurs is converting the space at 304 E. 3rd St. into a neighborhood tavern and performance venue.

     

    Read the full article here.

    Photo Credit: Andy Abeyta (Quad City Times)
  • Dec
    28th

    RME staff carries on Ellis Kell’s mission with Winter Blues program

    Quad City Times – Bret Dale knew it would be a rough day at work.

    Monday marked his first day back at the River Music Experience, or RME, after the passing of his boss, friend, mentor and father figure, Ellis Kell.

    Read the full article here.

    Photo Credit: Andy Abeyta (Quad City Times) 
  • Dec
    19th

    Gills will debut The Current Iowa, an art-focused hotel

    Restoration St. Louis will showcase the talents of the Midwest’s premier and emerging artists when it takes the wraps off its newest downtown Davenport hotel — The Current Iowa.

    Read the full article here.

    Photo Credit: Kevin Schmidt, Quad-City Times 
  • Nov
    30th

    Davenport Moves on From Restoration St. Louis riverfront plan

    The city of Davenport is on to plan B after the City Council reviewed Restoration St. Louis’ proposal for the barge and porte cochere on the riverfront.

     

    Read the full article here. 

    Photo Credit: Kevin E. Schmidt, Quad-City Times
  • Nov
    28th

    The City Church moves into former Downtown Central Perk space in Davenport

    After nearly a year of holding services at the Redstone Room, The City Church now has a home base of its own. Since the Christian church, which now has about 70 members, opened in January, the Rev. Neil McReynolds said they’ve been scrambling to find meeting places.This past Tuesday, with The City Church’s first services held at their new digs on West 3rd Street in Davenport, the scramble was over.

    Read the full article here.