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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, on 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.
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- 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. \
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New Jobs and
Income Program (NJIP):
- The Iowa New Jobs and Income
Program provides a package of tax credits and exemptions to
encourage high-quality capital investment and job creation.
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- Enterprise Zones:
- Eligible businesses locating or
expanding in an Enterprise Zone area may receive a package of
tax credits and exemptions.
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- 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.
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- Entrepreneurial
Ventures Assistance (EVA):
- The Entrepreneurial Ventures
Assistance (EVA) program provides financial and technical
assistance to start-up and early-stage companies.
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- 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.
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- 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.
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- 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.
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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.
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Infrastructure
Financial Assistance Programs:
- Financial assistance programs
are available to finance rail, road and community infrastructure
to attract new development or support growth of existing
development.
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- 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.
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