Targeted Jobs Withholding Tax Credit Program
A pilot program providing a withholding tax credit equal to 3% of qualifying wages paid to employees for a ten-year period. The funds can be used for most expenses incurred by a business related to their project.
Enterprise Zone Program
The Enterprise Zone program provides a number of benefits designed to spur development in economically-depressed areas of the city. Eligible projects must create at least 10 new qualifying jobs and at least $500,000 in new qualifying capital investment. The benefits include a 10% investment tax credit, a refund of all sales tax paid during construction, and a doubling of the State’s research and development tax credit.
New Job Training Program (260E Program)
The Industrial New Jobs Training Program provides businesses, which are expanding their Iowa workforce, with new employee training. Available via Iowa's 15 community colleges, the program is financed through bonds sold by the colleges. Depending on wages paid, the business then diverts 1.5 or 3 percent of the Iowa state withholding taxes generated by the new positions to the community college to retire the bonds.
High Quality Job Creation Program
The High Quality Job Creation Program provides qualifying businesses tax credits to off-set the cost incurred to locate, expand or modernize an Iowa facility. To qualify for this very flexible assistance package that includes tax credits, exemptions and/ or refunds, a business must be a non-retail or non-service business and meet at least four of the eligibility requirements.
Targeted Small Business Program
The TSBFAP is designed to assist in the creation and expansion of Iowa small businesses that meet all of the following criteria: operating for a profit, annual gross sales of less than $4 million, and at least 51% owned, operated and managed by women, minorities or persons with a disability
Community Economic Betterment Account (CEBA)
Provides financial assistance to companies that create new quality employment opportunities and/or retain existing jobs, and make new capital investment in Iowa.
Revitalize Iowa’s Sound Economy (RISE)
The RISE program provides funding for road infrastructure for immediate project needs or for assisting communities in preparing for future development. The program can provide up to 80% of the project’s costs in certain situations.
Rail Revolving Loan & Grant Program (RRLG)
The Railroad Revolving Loan and Grant program (RRLGP) provides assistance to improve rail facilities that will spur economic development and job growth and provide assistance to railroads for the preservation and improvement of the rail transportation system.
Regulatory Assistance Programs
Iowa's Regulatory Assistance Coordinators [regassist.iowa.gov] network works as a unit across the State of Iowa enterprise to help you effectively identify your compliance needs and requirements. Our goal is to assist you in meeting business development timelines through efficient communication and timely processing of your compliance requirements needs.
Value Added Agricultural Development Program
The program is designed to speed the rate of every ag-based innovation in food and fiber products, and to encourage organization of new ventures to produce those innovations.
Research & Development Tax Credit Program
The State of Iowa provides a refundable Research & Development Tax credit that has spurred activities ranging from Pentagon-classified navigation systems to corn and soybean hybrids.
Iowa Workforce Development
Iowa Workforce Development provides employers and prospective employers in Iowa with all the tools they need to succeed. Everything from employment advertising to job training to customized laborshed analysis and other reports can be obtained through Iowa Workforce Development.
Center for Industrial Research and Service of Iowa State University (CIRAS)
The Center for Industrial Research and Service provides reseach, education and technical assistance to manufacturers.