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Helping Business Utilize Designated Enterprise Zones
Enterprise Zones are designed to stimulate development by targeting economically distressed areas in Iowa. Through state and local tax incentives, businesses and developers are encouraged to make new investments and create or retain jobs in these designated areas. The goal of the program is to revitalize these areas and make them competitive with other locations throughout the state. View a map of Iowa counties and cities that have established Enterprise Zones here.
An Incentive for Business Expansion
Businesses locating or expanding in an established Enterprise Zone may be eligible to receive certain local and state tax incentives:
Businesses locating or expanding in an Enterprise Zone may apply for benefits by completing an application (see link below). Local Enterprise Zone Commissions review applications and, upon approval, forward them to the Iowa Economic Development Authority (IEDA) for final approval. Access the financial assistance application process here.
Iowa is a right-to-work state with a superior business climate that offers flexible assistance for qualifying expansions or relocations. Its low cost of doing business, pro-business government, central geographic location and world class workforce and education systems make Iowa a great place to do business.
Contact the Iowa Economic Development Authority at any time with questions or to discuss your business. Our staff can provide technical assistance and offer confidential site consultation services.
Clarinda Economic Development Corporation
200 S. 15th Street
Clarinda, IA 51632
An Incentive for Housing Development
Developers and contractors building or rehabilitating housing in an established Enterprise Zone may be eligible to receive certain state tax incentives.
*If the project is, in part, financed through federal, state and local government tax credits, grants and forgivable loans, these monies can not be included for purposes of calculating the investment tax credit.