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Branstad signs bill to repurpose abandoned public buildings

Branstad signs the law
Branstad signs the law

DES MOINES – Gov. Terry Branstad signed Senate File 2339, an act relating to the administration of the redevelopment tax credits program by the Economic Development Authority and including applicability provisions on Thursday, April 10, 2014, at 3:45 PM, at Victory Companies in Davenport, Iowa. Victory Companies is located in a revitalized former public building that used to house H.M. Perry Elementary School.

Repurposing public buildings for increased economic growth throughout Iowa was a key priority of Gov. Branstad. During his 2014 Condition of the State address, Branstad stated, “Let’s turn what used to be our centers of education into centers of commerce. Let’s repurpose the crumbling structures with renewed investment, and reinforce the foundation with new jobs.”

The bill passed the Iowa Senate on March 26, 2014, 48-0. It passed the Iowa House on April 1, 2014, 97-2.

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