State of Iowa Incentives

Iowa's Financial Assistance Programs

Along with the state of Iowa, the Iowa City Area Development Group seeks to enhance job opportunities by helping companies find innovative ways to finance operations.  These programs are specifically designed to promote growth and profitability for Iowa City area companies.  The success of your business is important to our future.

State Programs within the Iowa Values Fund

The Iowa Values Fund (IVF) 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 a $35 million dollar annual appropriation for business development and marketing, the IVF assists Iowa companies to expand, as well as attract new businesses to the state.

• Community Economic Betterment Account (CEBA) / Economic Development Set-Aside (EDSA) — Provides financial assistance to companies that create new quality employment opportunities and/or retain existing jobs, and make new capital investment in Iowa. The EDSA program is targeted toward low- and moderate-income individuals.
• High Quality Job Creation Program — This program is designed to promote the creation of quality jobs by assisting businesses locating, expanding or modernizing their facilities in Iowa through a package of tax credits, exemptions, and/or refunds to approved businesses.
• Enterprise Zones — Enterprise Zones are economically depressed areas in which state and local tax benefits are available to businesses and developers to make new investments, creating new jobs, and building or rehabilitating housing in those areas. Businesses locating or expanding in an Enterprise Zone may receive property tax exemptions, funding for employee training, sales tax refunds and more.