Iowa City will pay to help company move downtown

Agreement with MetaCommunications also includes incentives for hiring over next five years

Gregg Hennigan
Published: February 19 2014 | 11:22 am - Updated: 29 March 2014 | 3:52 am in

The Iowa City Council Tuesday night unanimously agreed to provide financial assistance and free parking to a technology company that wants to relocate downtown.

The city will give software developer MetaCommunications $58,000 to help the company finish building out office space at the Park@201 building under construction on the Pedestrian Mall.

The agreement also says that if MetaCommunications hires the equivalent of 20 full-time employees over the next three years, the city would cover the full $31,680 annual value of 33 parking permits for five years. The benefit would decrease 20 percent a year after that.

MetaCommunications is currently located on South Gilbert Street.

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