Targeted Small Business Program

• Helps women, individuals with minority status, service-connected disabled veterans and individuals with disabilities overcome some of the hurdles to start or grow a small business in Iowa

Business License Information Center

• Whether you're a newly established business wondering how to fulfill your licensing obligations, a contractor looking for registration information, or an existing corporation seeking to expand your business lines or geographic footprint, IASourceLink can assist you.

Economic Development Set-Aside (EDSA)

• Provides financial assistance to businesses and industries that need assistance to create or retain jobs
• Priority given to projects that create manufacturing jobs, add value to Iowa resources and/or increase exports
• Preference given to businesses that create or retain the greatest number of jobs in the least amount of program dollars

High Quality Jobs (HQJ)

• Provides qualifying businesses assistance to off-set some of the costs incurred to locate, expand or modernize an Iowa facility

New Jobs Tax Credit (260E)

• One-time, corporate income tax credit available to participants in the New Jobs Training (260E) Program - up to $1,836 per new employee in 2019

Research Activities Tax Credit

• Iowa companies earn refundable tax credits for research and development investments that may be paid directly in cash to the company once its tax liabilities have been met
• Research may include manufacturing process improvements and time spent by engineers, management and other employees designing and testing new manufacturing processes

More Iowa Tax Advantages

• No Sales and use tax on manufacturing machinery and business equipment purchases
• No property tax on new industrial machinery and business equipment
• No personal property tax including corporate inventories of goods-in-process, raw materials and salable goods
• Iowa Corporate Income Tax is a 50% deductibility of federal taxes from Iowa corporate income
• Renewable Chemicals Production Tax Credit is a program that incentivizes the production of 30 high-value chemicals derived from biomass feedstocks.

Demonstration Fund

• Provides assistance to companies with market-ready innovative technologies or products that have a clear potential for commercial viability
• Assists companies with marketing and business development activities
• Awards up to $125,000 - funds are primarily in loans or royalty arrangements

Iowa Innovation Acceleration Fund

• Funds are designed to accelerate the pace of market development, leverage private investment and industrial expansion efforts that result in significant capital investment
• Provides financing to eligible businesses through two programs in the form of royalty arrangements or loans
  • Propel: awards up to $300,000 to accelerate market development
  • Innovation Expansion: awards up to $500,000 to encourage expansion of product lines

Proof of Commercial Relevance (POCR)

• The POCR program is designed to define and articulate the opportunity for businesses that demonstrate a proof-of-concept for innovative technology
• Awards up to $25,000 in low interest loans

Small Business Outreach Program

• Iowa Economic Development Authority has delegated the delivery of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Outreach Program to the Iowa Innovation Corporation to help companies apply for federal small business funding
• Assists Iowa companies by reviewing SBIR/STTR grant proposal applications and providing commitments to matching grant funds for Phase I SBIR/STTR awards

Angel Investor Tax Credit

• Angel Investor tax credits are offered to increase availability and accessibility of venture capital
• Businesses must obtain Qualifying Business certification before investors can apply

Accelerated Career Education (ACE)

• Provides businesses with an enhanced, skilled workforce
• Assists community colleges to establish or expand programs that train individuals in the occupations most needed by Iowa businesses
• Businesses enter into an agreement with a community college to a portion (or all) of the positions created by establishing a new educational program
• Businesses must assist with program design and provide a 20% match of the program cost. Businesses offset the costs through tax benefits

Industrial New Jobs Training (260E)

• The 260E program provides businesses expanding Iowa's workforce with new employee training
• 260E is designed to increase worker productivity and company profitability
• Business must be engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, assembling, products, warehousing, wholesaling, or conducting research and development

Iowa Jobs Training Program (260F)

• 260F provides job training services to current employees of eligible businesses for little to not cost
• Provide forgivable loans for training

Community College Consortium (260F)

• The Community College Consortium Program provides funding assistance for community college-sponsored employee training projects in which two or more businesses participate

Iowa Apprenticeship Programs

• A registered apprenticeship is an employer-driven model that combines on-the-job training with related classroom instruction to increase the apprentice's skill level and wages, advance their career, and give them national credentials
• Training can be customized to meet the needs of every business, and it can be integrated into current training and HR development strategies. Businesses see higher productivity, highly skilled employees, and reduced turnover costs

Iowa Student Internship Program

• Provides grants to small and medium-sized companies in targeted industries (bioscience, advanced manufacturing, or information technology) to support internship programs with a goal of transitioning to full-time employment in Iowa upon graduation
• Employers may qualify for financial assistance for a portion of the wages paid to an intern. For every two dollars of wages earned by the students, one dollar paid by the employer is matched by one dollar from the Economic Development Authority up to $3,100 per intern

STEM Internship Program

• Provides grants to Iowa companies for internship programs with a goal of transitioning interns to full-time employment in Iowa upon graduation
• For every two dollars of wages earned by the student, one dollar paid by the employer is matched by one dollar from the Iowa Economic Development Authority up to $5,000 per intern