Central Iowa missed out on $470K of no-match federal pandemic grants because the area lacks a regional planning body, according to the Des Moines Area Metropolitan Planning Organization (MPO).
- The proposed district would include Polk, Warren, Story, Jasper, Dallas, Boone and Marion counties.
Why it matters: Without one, tackling future disaster recoveries and business expansions could become more challenging.
By the numbers: Iowa areas with EDDs averaged $25 per person in federal grants from Jan. 2018 through Jan. 2021, compared to $4 per person in central Iowa, according to MPO's analysis.
How it works: By banding together, counties across a certain geographic area can pool resources and coordinate economic development planning.
- EDDs can often get a head start in grant application processes because they're able to quickly form plans that demonstrate how projects meet regional needs.
- In order to get the formal EDD designation, they'd need approval from the U.S. Economic Development Administration.
Of note: Local governments would need to contribute a combined total of $70K a year to a central Iowa district to cover administrative costs, the MPO estimates.
What's next: Supervisors in the seven counties have already unanimously passed resolutions in support of creating a district. A nonprofit being made to oversee the EDD will request the formal designation in early September.
- The goal is to launch the district early next year.
More Des Moines stories
No stories could be found
Get a free daily digest of the most important news in your backyard with Axios Des Moines.