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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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  • Jul

    Mid-century store finds niche in Davenport

    Mid-century and Danish modern furniture may be a niche market, but Joe and Michelle Stroehle believe they have nailed it with their River Bend Retro store in Davenport.

    Read the full story here.

  • Jul

    Warehouse District loft project wins preservation award

    The 5th Street Lofts, located at 500 Iowa St. in Davenport’s historic warehouse district, has won an award from the State Historical Society of Iowa for outstanding historic preservation.

    Read the full story here.
    hoto Credit: Quad-City Times

  • Jul

    Bringing investments to Downtown Davenport

    DAVENPORT, Iowa – The Downtown Davenport Partnership is a division of the Quad Cities Chamber of Commerce that’s dedicated to building momentum to growing Downtown Davenport’s economy.


    See the full clip here

  • Jul

    More to life than just crepes for this chef

    A Davenport chef already has made a name for himself as The Crepe Guy, but he no longer wants that identity to define his culinary prowess.

    Read the full story here.

  • Jun

    Downtown Celebrates with Fireworks and Shredding Guitars

    It’s time to celebrate Independence Day! We all know the night before the 4th is the ideal day to really celebrate, and downtown has the perfect parties for you!Untitled design (2)

    Red White and Boom
    This annual July 3rd event takes place in both LeClaire Park and Modern Woodmen Park. Bring the Kids down and grab prime seating for the fireworks being shot from a barge on the river. The evening will include performances by Vander Veer and the 34th Army Scrap Metal Band!

    Untitled design (3)
    A Giant Dog w/ the Zealots

    For those without little ones attached to their hips, nothing screams happy birthday America like some good old fashioned rock’n’roll. Get your pre-party on at Daytrotter then head down to the river for the fireworks!

    Untitled design (11)

    An Evening with Leftover Salmon
    If you’re looking to pregame your celebrated day off and need some jams in your life, head to the Redstone Room. Starting at 7:30 Leftover Salmon will be giving you their undivided attention and tasty tunes.

    mississippi blues fest

    Mississippi Valley Blues Festival
    Throughout the weekend ten bands will take over LeClaire Park! This is the perfect way to get in touch with American roots and get your holiday celebration started! Friday the gates open at 4 and Saturday at noon! Get down to the riverfront and celebrate!

  • Jun

    In Davenport tour, Gov. Reynolds shown the impact of historic preservation tax credits

    Iowa Gov. Kim Reynolds toured two buildings Thursday that are a key part of downtown Davenport’s history and future. The tour came as Quad-Cities Chamber of Commerce and community leaders promoted the need to retain the state’s historical preservation tax credit program.

    Read the full article here.


    Photo Credit: Jennifer DeWitt (Quad City Times)

  • Jun

    Sweet treats to try this season at the Freight House Farmers Market

    If you frequent the Freight House Farmers Market in downtown Davenport on Saturday mornings, then you know it’s not all fruits and vegetables.

    There’s plenty of fresh produce from area farms, but fresh homemade doughnuts, cupcakes and cookies also show up on every corner.

    Read the full story here.

    Photo Credit: Amanda Hancock (Quad-City Times)

  • Jun

    The Raccoon Motel kicks off a busy summer

    Son Little’s sold-out show on Monday kicked off a busy week for the Triple Crown Whiskey Bar & Raccoon Motel, 304 E. 3rd St., Davenport.

    The Quad-City area’s newest music venue is on track to host six shows in seven days this week, bringing in touring musicians from places such as Ohio, Arkansas, Louisiana, Tennessee and Texas.

    Read the full story here.

  • Jun

    RME celebrates 13 years during Live@Five concert

    The River Music Experience, or RME, hosted a bigger-than-usual Live@Five concert on Friday to mark its 13th birthday.

    Read the full story here.

  • Jun

    Meginnis, WIlls to face off in Davenport race

    Marion Meginnis and Carlton Wills will be the candidates in next month’s rare general election for a Davenport aldermanic seat.

    Read the full story here.

  • Jun

    Downtown Davenport Partnership touts growth, plans to continue momentum

    Downtown Davenport has completely different feel from when Kyle Carter first moved to the area to attend St. Ambrose University in 2000.

    Read the full story here. 

  • May

    Headliner Ben Folds sets tone for new fest Alternating Currents

    Following last month’s announcement that River Roots Live will not return for its 13th year this August, the Downtown Davenport Partnership has fielded questions about the outdoor festival’s replacement, Alternating Currents.

    “Everyone knew about River Roots Live,” Kyle Carter, executive director of the Downtown Davenport Partnership, said. “It’s fine to mourn a fest we all loved, but we hope people will have an open mind to this new model and doubts will go away.”

    One step in quenching doubts? Tapping Ben Folds as the headliner of Alternating Currents.

    Read the full story here.

  • May

    Nombo’s comfort foods and more join food truck scene in the Q-C

    For most of her adult life, Missy Carter did what was expected.

    She went to college and got “big girl jobs” in private security and real estate.

    In the back of her mind, Carter knew she wanted something more.


    Read the full story here.

    Photo Credit: Andy Abeyta (Quad City Times) 

  • May

    The transformation of downtown Davenport

    Investing in the community’s core. Davenport’s downtown has seen plenty of changes over the last few years with major efforts to bring more people to live, work, and visit.

    See the full story here.

  • May

    Union Arcade Building

    Union Arcade Building apartments have both 1 – bedroom units and 2-bedroom units range from $1,200 to $1,700.   Units come with quartz countertops, Bertch cabinetry, detailed plumbing and electrical fixtures, refrigerator, stove/oven, microwave, and dishwasher.   Community lounge and laundry facility will be located on the second floor.

    Located in center downtown at the corner of 3rd and Brady, tenants will enjoy the wonderful views and being part of the bix  7 and the many parades that come by the building.   Parking is in the city ramp next door and will be for an additional fee.

    Check out a video featuring the apartments here. 

    Contact Financial District Properties Management office at 563.324.9898 for more information.

  • May

    The Tip of the Iceberg: Alternating Currents Joins a Crop of New Festivals Highlighting a Vibrant Music Community

    It was a sign of the times when the Downtown Davenport Partnership announced last month that it would replace the River Roots Live outdoor music festival – after a 12-year run – with a multi-venue indoor festival called Alternating Currents.

    Read the full story here.

  • May

    7 foodie things to do in May

    Maybe we’re biased, but we think bullets 1, 3 & 5 are pretty good ideas.

    Read the full story here.

    Photo Credit: Jeff Cook (Quad City Times) 

  • May

    Freight Hose Farmer’s Market is open: What to check out this season

    During opening day of the Freight House Farmers Market’s outdoor season on Saturday, there were plenty of new foods to sample and old favorites to revisit.

    One thing’s for sure: There’s a story behind every vendor. Read on for a look inside the market’s opening day.

    Read the full story here.

  • May

    BBQ, bar and beer garden joining downtown Davenport’s ‘campus of fun’

    What pairs well with an eclectic whiskey bar and performance venue?

    If you ask Davenport-based entrepreneur Dan Bush, co-owner of Triple Crown Whiskey Bar & Raccoon Motel, the answer is simple: A barbecue restaurant, bar and beer garden — the plans for a new business, coined Armored Gardens, at 315 Pershing Ave.


    Read the full story here.

    Photo Credit: [design] [build] by architects

  • May

    Taco ‘Bout It: Me & Billy Edition

    If you’ve ever been downtown you’ve likely patroned or passed by Me & Billy. From the incredibly delicious, ever-changing menu to the Instagram friendly interior, M&B has all the qualities for a perfect night out, which is exactly why we sat down with the Fran Collins Maus and Billy himself to talk about their upcoming Kentucky Derby weekend!

    “I’ve always been a big fan of the derby, ever since I was a kid.” Bill said. “When we opened the restaurant, it was the perfect opportunity to celebrate it.”And after a family trip to Churchill Downs, KC for the annual Kentucky Derby, the Collins girls, too, fell in love with the tradition.

    Quad Citizens have the perfect excuse to dress up and pretend we know about horse races, and fortunately, the Collins family knows how to do it right.

    “Its always such a busy weekend and we compete with all these other events, but it’s something special for us.” Maus said. “Unfortunately it means we’ll never go to the Derby again, but that’s ok, we throw a pretty authentic party.”

    all things pink

    The girls go all out for the occasion! Friday night they’ll host the Kentucky Oaks Ladies Social complete with Oaks Lily (the official ladies drink of the derby), pink margaritas (it is Cinco de Mayo after all), and the Most Elegant Woman contest. From 6-8 p.m., women are invited to come in their best pink garb and celebrate all things women, including giving back to those who are less fortunate. Last year M&B encouraged attendees to bring a donation for Humility of Mary, and they were so overwhelmed by the out pour of support, they decided to make it a tradition.


    Another tradition the family couldn’t do without is the OFFICIAL Mint Julep glass used for the Kentucky Derby.

    “We use Mississippi River Distillery bourbon in our official Mint Julep every year. We order the shaved so they’re made properly.” Maus said. “We want to make sure it’s special.”

    Going into their 4th year of celebrating the event, the family is prepared to bring guests quite the party. Both the Mint Julep and Oaks Lily will be served all weekend, bets will be placed for fun, the traditional Hot Brown will be prepped for your snacking enjoyment, and the backdrops are ready for the perfect Instagram picture.

    “It’s a party! It’s really fun and people keep getting more and more dressed up every year,” Collins said.

    The party kicks off promptly at 3 pm! Be sure to get there early to get your commemorative glass and thank the lovely Collins family for all their hard work not only to get ready for this classy party, but all year long!

    copllins fam