Another historic Dyersville building has been awarded a six-figure grant to aid its rehabilitation.
The Iowa Economic Development Authority has announced that the City of Dyersville has been awarded a Community Catalyst and Building Remediation Grant in the amount of $100,000. The City partnered with Dyersville Economic Development Corporation (DEDC) to put together the second Community Catalyst Grant Application. The first application was awarded in 2018 for Textile Brewing Company.
These funds will be used to assist in the rehabilitation of the Tegeler Dairy building, which is adjacent to downtown Dyersville. The intent for the property is to work with the developers to restore as much historical integrity as possible and to renovate the interior as a mixed-use building for residential and commercial tenants. The Community Catalyst and Building Remediation Program focuses on buildings in the downtown business corridor that have the potential to spur additional economic growth and bring people to the downtown area.
“We are looking for prospects to fill the commercial space, however, one of the possible tenants for the building is the new Rural Innovation Lab,” said Jacque Rahe, executive director of DEDC.
Innovation Labs are community hubs that offer vibrant co-working space and robust program support for entrepreneurs, as well as proven innovation services for existing businesses and public institutions to drive economic growth. “We have been working with Creative Adventure Lab in Dubuque on grant opportunities to utilize their organization in a hub and spoke manner with several rural communities,” commented Rahe.