Fort Madison Chamber of Commerce Inc.

Overview

The Fort Madison Chamber of Commerce Inc. is a nonprofit organization dedicated to promoting economic development, retail, and tourism in Fort Madison, Iowa, and its surrounding region. Established in 1935, it plays a significant role in fostering business growth and community development.

Purpose and Objectives

The Chamber focuses on advancing the local economy through various initiatives and programs. It supports innovative and sustainable industries, leveraging the city's strategic location along the Mississippi River and its historical significance. By organizing annual events and activities, the organization enhances the visibility and appeal of the region, attracting both businesses and tourists.

Collaboration and Programs

The Fort Madison Chamber collaborates with local entities to establish economic initiatives. For example, it works with the Southeast Iowa Regional Planning Commission (SEIRPC) to manage programs like the Fort Madison Revolving Loan Fund. This fund provides low-interest loans to start or expand businesses in the commercial sector, aiming to create or retain jobs and enhance the local economy.

Programs and Initiatives

• Fort Madison Revolving Loan Fund: Offers low-interest loans for gap financing to new businesses in the commercial sector, emphasizing job creation and economic growth.
• Tax Increment Financing (TIF): Supports new industrial or commercial developments by using property tax increments to fund public improvements and direct incentives.
• Targeted Jobs Withholding Tax Credit Pilot Program: Encourages economic growth in designated urban renewal areas through withholding tax credits.

Impact on the Community

By promoting local businesses and tourism, the Fort Madison Chamber contributes to the overall vitality of the community. It supports historic districts, scenic byways, and river access, making Fort Madison an attractive location for both residents and visitors. The organization's efforts help maintain a strong and diverse economy in the region.