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The Marion Economic Development Corporation (MEDCO) is your concierge and advocate to make investing and growing in Marion the best choice for your company and employees. MEDCO was incorporated in 1984 by a group of local visionaries who supported a growing business environment for the community.
The Marion Economic Development Corporation (MEDCO) is your concierge and advocate to make investing and growing in Marion the best choice for your company and employees. MEDCO was incorporated in 1984 by a group of local visionaries who supported a growing business environment for the community.
Jul 31, 2024 · Marion is the best place in Iowa to grow a business. Let us prove it! With a higher concentration of the people you need, the ICR Iowa region provides you with a highly trained workforce at a competitive cost compared to other nationwide locations.
- After You Submit Your Application to Medco
- Tif Rebate Payment Schedule
- Annual Maintenance After The Agreement Is Approved
Your information application will be reviewed by Marion's Economic Development Team.If your project aligns with the Economic Development Policy, your application will go before a City Council subcommittee. Typically, you (the developer) will be invited to present at this meeting.If the City Council subcommittee is in support of financial incentives for the project, the City Manager/Deputy City Manager will reach out to negotiate an agreement.After the terms of the agreement are finalized, it will go through an Urban Renewal Amendment (URA) process. (Public hearings are set, and consultation meetings are held with affected jurisdiction...Each development agreement spells out the City’s obligations, the developer’s obligations and the payment terms. On approximately December 1 and June 1each year, the City processes and pays TIF rebates according to the terms spelled out in development agreements. The value created by a project must exist on January 1of the assessment year for the i...
Each October, you must submit your property tax receipts and this completed TIF rebate calculation form. This information is due no later than Oct. 15 of each year.
Sep 28, 2022 · The grant provides funding ranging from $5,500 to $15,500. Each award comes with up to five hours of mandatory business counseling by a pre-approved business coach ($500 will be reserved from...
Marion is an innovative city with vibrant neighborhoods and abundant opportunities for all. Our Brand Promise. Marion is the best place in Iowa to raise a family and grow a business. Here, we reach higher! Our Guiding Principles. The City of Marion commits to the following: Acting with integrity; Being accountable to the community and each other
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Grow Your Business. No more than a 10-minute drive from some of Iowa’s best schools, medical facilities, a culturally rich downtown and beautifully designed neighborhoods, Marion is the best place to grow a business.
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