March 5, 2025 (DES MOINES, IA) — Today, the Iowa Economic Development Authority (IEDA) announced seven designated Main Street Iowa communities have reached new benchmarks in private investment in 2024, demonstrating their ongoing commitment to revitalization, economic growth and historic preservation.
Since launching their respective Main Street Iowa programs, these communities have collectively attracted $100 million in private dollars for commercial district rehabilitation and property acquisition, contributing to the vibrancy and sustainability of those areas.
Benchmarks are preset dollar thresholds that are used as measurement standards for private investment in all Main Street Iowa districts. Benchmark levels vary based on a community’s population — small, midsize and large.
The seven communities and the amount of their new private investment benchmark achievements are:
- Albia, $2 million
- Colfax, $10 million
- Grundy Center, $3 million
- Manning, $10 million
- Marion, $50 million
- Monticello, $5 million
- Newton, $20 million
“Main Street Iowa communities continue to show incredible progress in preserving and enhancing their unique character,” said Debi Durham, director of the IEDA and Iowa Finance Authority. “These achievements reflect the power of collaboration, and the vision of community leaders who strive to create thriving, welcoming spaces for residents and visitors alike.”
Main Street Iowa recognized the cities during a spring workshop held today in Jefferson.
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About Main Street Iowa
Main Street Iowa, a program of the Iowa Economic Development Authority, is dedicated to the revitalization and preservation of Iowa’s historic downtowns and traditional commercial districts. The program provides funding, technical support and resources, helping more than 50 Main Street Iowa communities create vibrant, thriving spaces. Part of the Main Street America™ network, Main Street Iowa is recognized as one of the nation’s most successful state Main Street programs. Since its inception in 1985, Main Street Iowa is credited with nearly $2.9 billion in private investment, more than 5,600 new and expanded businesses and more than 17,000 jobs.