Mark Nolte named to head Iowa City Area Development Group

President to focus on engagement with investors, increasing membership

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March 28, 2014 | 11:06 am

Mark Nolte has been named as president of the Iowa City Area Development Group.

“We are very excited to make this announcement and congratulate Mark on this new role,” said Chuck Peters, ICAD Group board chairman. “As interim president, Mark consistently provided deft leadership including overseeing the opening of the IC CoLab, implementing our Vision 2030 plan, and providing outstanding service to our investors and clients. In filling this position, the board first worked on clarifying our purpose in supporting regional economic development, and Mark was hired to most effectively pursue our declared objectives."

The ICAD Group Executive Committee conducted a national search for this position and hosted three finalists, including Nolte, in January for a series of investor meetings and interviews. The ICAD Group Board of Directors approved hiring Nolte last night.

Since joining ICAD Group in 2007, Nolte has served as Business Development Director, working with existing industry clients, entrepreneurs and start-ups, and helping with business recruitment projects. Most recently, Nolte led the design, creation and opening of the new IC CoLab, the first coworking space in the nation operated by an economic development group.

Nolte said he’s eager to officially start in his new role. “I want to thank the Board of Directors for their guidance and the ICAD Group staff for their outstanding efforts during this transition period,” said Nolte. “We have a unique opportunity to create a center of unmatched commerce and innovation in this area and I’m thrilled to lead our team.”

Peters said with Nolte’s leadership, ICAD Group is ahead of pace for the goals set forth in the Vision 2030 campaign. “ICAD Group hasn’t missed a beat and is on track to have a very successful year with regard to job creation, client growth, and regional partnerships,” said Peters. “We were impressed with Mark’s plan and vision for ICAD Group moving forward and we’re enthusiastic that he can get started right away.”

Nolte added that his priorities include increased engagement with ICAD Group investors and regional economic development partners, growing membership and interest for the IC CoLab, and developing the most effective strategy to strengthen existing companies.

Before joining ICAD Group, Nolte served as a senior manager and training consultant for The Abilities Fund, and was assistant director for the Institute for Social and Economic Development where he managed city, state and federal programs. He co-owns Nolte Academy of Dance in Coralville with his wife, Leslie.

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