AMES, Iowa – Dec. 13, 2011 – Today, the Iowa Transportation Commission approved a Revitalize Iowa’s Sound Economy (RISE) Immediate Opportunity grant application submitted by the city of Coralville. Up to $154,734 will be made available to assist in construction of an approximately 425-foot extension of University Parkway east of Coral Ridge Avenue located on the northwest side of town. This project is anticipated to be completed by June 2012.
This improvement is necessary to provide access to the proposed site for MediRevv Inc., formerly known as Precision Revenue Strategies, a healthcare revenue cycle management company specializing in helping hospitals, health systems, academic medical centers and physician groups improve their cash flow and grow their revenue.
The project will support the creation of 53 new jobs at this facility and more than $2.7 million in associated capital investment.
Funding for the grant comes from the city share of the RISE Fund.