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Innovative
Business Financial Assistance Programs
Foster Growth and Profitability
The State of Iowa offers a wide array of business financial assistance programs. These programs are designed to foster the growth and profitability of businesses expanding in the state of Iowa and to create quality job opportunities for Iowans. For more information and confidential consultation regarding any of the following programs, contact us by E-Mail or call Iowa Economic Development today at 1-800-245-IOWA.
- Community Economic Betterment Account (CEBA):
- The CEBA program provides financial assistance to companies that create new employment opportunities and/or retain existing jobs, and make new capital investment in Iowa.
- Economic Development Set-Aside Program (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.
- High Quality Job Creation Act (HQJCA):
- The High Quality Jobs Creation Act provides a package of tax credits and exemptions to encourage high-quality capital investment and job creation.
- Enterprise Zones:
- Eligible businesses locating or expanding in an Enterprise Zone area may receive a package of tax credits and exemptions.
- Value-Added Agricultural Products and Processes Financial Assistance Program (VAAPFAP):
- The Value-Added Agricultural Products and Processes Financial Assistance Program seeks to increase the innovative utilization of Iowa's agricultural commodities.
- Entrepreneurial Ventures Assistance (EVA):
- The Entrepreneurial Ventures Assistance (EVA) program provides financial and technical assistance to start-up and early-stage companies.
- Targeted Small Business Financial Assistance Program (TSBFAP):
- This program is designed to assist in the creation and expansion of businesses owned, operated and managed by women, minorities, or persons with a disability.
- Self-Employment Loan Program (SELP):
- This program is designed to assist in the creation and expansion of businesses owned, operated and managed by women, minorities, or persons with a disability.
- Entrepreneurs With Disabilities (EWDI)
- The EWDI program helps qualified individuals with disabilities establish, acquire, maintain or expand a small business by providing technical and financial assistance. To be eligible for the program, applicants must be active clients of the Iowa Department of Education Division of Vocational Rehabilitation Services or the Iowa Department for the Blind.
- Assistive Device Tax Credit
- Iowa small businesses can reduce their taxes by buying or renting products or equipment, or by making physical changes to the workplace to help employees with disabilities get or keep a job. To qualify for the Assistive Device Tax Credit, a business must be located in Iowa and employ 14 or fewer full-time employees or have $3 million dollars or less in gross annual receipts. The credit applies to expenditures made on or after January 1, 2000, and equals one-half of the first $5,000 in qualifying expenses each tax year. Excess credits can be refunded or carried over to the next tax year.
- Physical Infrastructure Financial Assistance Program (PIAPP):
- Financial assistance programs are available to finance rail, road and community infrastructure to attract new development or support growth of existing development.
- Tax Increment Financing (TIF):
- City councils or county boards of supervisors may use the property taxes resulting from the increase in taxable valuation due to construction/reconstruction of new industrial or commercial facilities to provide economic development incentives to a business or industry.