Financial Assistance
 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. A variety of business development programs are available through the Iowa Values Fund as listed below:
Tax Incentives for business development include the following:
- 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.
- Iowa’s Leadership in Research and Development [PDF: 113k] — Facts About Iowa’s Research Activities Credit
- Targeted Jobs Withholding Tax Credit Pilot Program — The Targeted Jobs Withholding Tax Credit Pilot Program is a new pilot program enacted in 2006 which allows the diversion of withholding funds paid by an employer to be matched by a designated "pilot" city to create economic incentives that can be directed toward the growth and expansion of targeted businesses located within Urban Renewal areas.
Entrepreneurial Assistance Programs
Infrastructure Assistance Programs
- Physical Infrastructure Assistance Program (PIAP) — The PIAP is designed to financially assist capital-intensive infrastructure projects that create unique opportunities for quality, high-wage jobs and demonstrate a statewide impact. Both Iowa communities and new or existing businesses are eligible for this innovative program.
PIAP is designed to take a comprehensive approach to address a wide variety of critical infrastructure needs. This program may also be used to remediate contaminated sites that have potential development opportunities contingent on the cleanup. Assistance is provided in the form of loans, forgivable loans and cost indemnification agreements.
- Public Facilities Set-Aside (PFSA) — The PFSA program provides financial assistance to cities with less than 50,000 in population and to counties for public infrastructure improvements that enable businesses to create new job opportunities. Projects that will create manufacturing jobs, add value to Iowa resources and/or increase out-of-state exports will be given priority.
Eligible projects include adding or improving sanitary sewer systems, water systems, streets, roads, and storm sewers.
Employee Training programs create a thriving, skilled work force:
- Iowa Industrial New Jobs Training Program (260E) — Provides no-cost or reduced-cost job-training services to new employees of eligible businesses through Iowa's community college system
- Iowa Jobs Training Program (260F) — Provides job training services to current employees of eligible businesses that are located in Iowa.
- Accelerated Career Education Program — Assists Iowa's community colleges in establishing/expanding programs that train individuals in the occupations most needed by Iowa businesses.
- New Jobs Tax Credit — When businesses enter into an agreement under the Iowa New Jobs Training Program, they may qualify for this additional credit to their Iowa corporate income tax
- Targeted Small Business Financial Assistance Program (TSBFAP) — Designed to create and expand minority- or women-owned businesses through direct loans
- Entrepreneurs With Disabilities (EWD) — Helps qualified individuals with disabilities establish, acquire, maintain or expand a small business by providing technical and financial assistance
- Assistive Device Tax Credit — Reduces taxes for small businesses that incur costs through making physical changes to the workplace to help employees with disabilities to get or keep their job
Other Programs
IDED assistance extends beyond our department’s programs to those offered by other Iowa departments, community/county programs and programs offered through the federal government. Call us for more detailed information about how your company can qualify for these innovative programs.
Phone: 515.242.4896 or 800.245.4692
E-mail: business@iowalifechanging.com
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