In 1986, a Self-Supported Municipal Improvement District (SSMID) was created by vote of the downtown property owners for community development, streetscape and beautification improvements. They agreed to tax themselves as an additional assessment every year to revitalize the area.
The Cedar Rapids community has seen an incredible amount of change over the past several years, due largely from the impact of the 2008 flood. The Cedar Rapids Metro Economic Alliance is playing a part in assisting the City of Cedar Rapids with flood protection efforts through public policy advocacy and community outreach. As a staunch supporter and advocate for state and federal dollars, the Economic Alliance has assisted the City of Cedar Rapids in securing $264 million over 20 years to build a flood protection system on both sides of the Cedar River.