Financial Assistance

The Iowa City Area Development Group will assist primary sector businesses throughout your site selection process from the moment we receive your first contact until your application is reviewed by the state of Iowa.

Iowa City Area Development Group staff will act as the single point of contact for your business project. We will help you complete a financial application, assist your representatives with a site review to select the most appropriate location or building, and work with your representatives as you complete necessary paperwork and interact with community and state officials.

Local Assistance Programs

Since 1984, the Iowa City Area Development Group has worked hand-in-hand with area communities to establish local economic development assistance programs targeted to the needs of business. With a focus of lowering up-front capital costs for existing and prospective companies, area communities have established a consistent track record of assisting businesses across all industry sectors: Biotechnology and Bioprocessing, Advanced Manufacturing, Consumer Products, Finance/Insurance/Software and Educational Services.

Click here to review local financial assistance programs.

The Iowa Values Fund is the state's premier 10-year economic development program designed to transform Iowa's economy by creating high-quality jobs through business development and expansion across Iowa. With an annual $35 million dollar appropriation for business development and marketing, the IVF assists Iowa companies with expansion projects, as well as attracts new businesses to the state. To be eligible, a business must provide a wage and benefits equivalent to 130 percent of the average county wage and benefit threshold

• Johnson County ................ $19.25/hour
• Cedar County..................... $15.78/hour
• Iowa County....................... $19.69/hour
• Muscatine County.............. $23.75/hour
• Washington County............ $15.53/hour

A business must also be in one of the state's targeted industries, which include life sciences, information solutions/ financial services and advanced manufacturing.  IVF funds are distributed primarily through the High Quality Job Creation Program and the Community Economic Betterment Account.

Click here to review state financial assistance programs.