State of Iowa Resources
Through The State Of Iowa
Iowa New Jobs Training Program
North Iowa Area Community College, State of Iowa
Financed by the diversion of the state employee withholding tax. The funds can be used flexibly, from on-site to off-site [other states, nations] to classroom to laboratory settings.
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Iowa New Jobs Tax Credit
North Iowa Area Community College, State of Iowa
Can only be used in conjunction with New Jobs Training Program; $1,758 per new job created credited upon Iowa corporate income tax return, may be claimed over 7 years.
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Research and Development [R&D] Credit
It is 6.5% in Iowa. The company receives a check annually if there is insufficient state corporate income tax liability. The Iowa qualification statute is identical to federal statute.
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Through Iowa Economic Development Authority
Grow Iowa Values Financial Assistance Program
Serves as the funding source for projects that are focused on job creation or retention, value-added agriculture and entrepreneurial efforts.
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High Quality Jobs (HQJ)
The High Quality Jobs (HQJ) program provides qualifying businesses assistance to off-set some of the costs incurred to locate, expand or modernize an Iowa facility. This flexible program includes loans, forgivable loans, tax credits, exemptions and/or refunds. The Iowa Economic Development Authority (IEDA) offers this program to promote growth in businesses, which employ Iowans in jobs defined as high-quality by state statute.
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Demonstration Fund
Provides pre-seed capital awards of up to $150,000 to encourage prototype and concept development activities by small and medium-sized Iowa companies in the advanced manufacturing, biosciences and information technology industries.
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Economic Development Set-Aside (EDSA)
The EDSA program provides financial assistance to companies that create new employment opportunities and/or retain existing jobs, and make new capital investment in Iowa. The amount of funding is based on part, on the number of jobs to be created/retained. Funds are provided in the form of loans and forgivable loans.
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EDSA fund may be used for a wide range of business development purposes, including: Building construction or reconstruction, land or building acquisition, operating and maintenance expenses, equipment purchases, site development-clearance, demolition and building removal, and/or working capital.
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EDSA investments should not be considered sole funding sources. This program is used to leverage other financial support such as bank financing and private investment.
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The EDSA program assistance is targeted toward business projects located in communities of under 50,000 population. At least 51% of the created/retained employment opportunities must be made available to individuals presently earning wages defined as low-and moderate income.
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Maximum amount of assistance-$500,000.