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• Population (2008): 3,002,555
• Largest Cities (2008): Des Moines, 197,052; Cedar Rapids, 128,056; Davenport, 100,827; Sioux City, 82,807;
Iowa City, 67,831
• Targeted Industries: Renewable Energy, Bioscience, Advanced Manufacturing, Information Solutions,
Food & Life Sciences
• Key Incentives: Computer Service Incentives, IT Joint Venture Fund, IT Training Program
• GDP (All Industry 2008): $135.7 billion*
*Bureau of Economic Analysis, U.S. Department of Commerce
The Iowa Values Fund provides financial assistance to expanding businesses that are creating higher paying jobs with benefit packages in the state's targeted industry sectors: life sciences, information solutions, and advanced manufacturing.
The New Jobs and Income Program (NJIP) provides a package of tax credits and exemptions to businesses making a capital investment of at least $12.1 million and creating 50 or more jobs meeting wage and benefit targets within five years.
The Value-Added Agricultural Products and Processes Financial Assistance Program (VAAPFAP) aids in the development of new agri-products and new processing technologies by companies. Any single project may apply for up to $525,000 in assistance. Financial assistance is provided in the form of loans and forgivable loans. Generally, assistance of $20,000 or more is usually awarded as a combination of loans and forgivable loans, with the forgivable portion decreasing as the award size increases.
The Economic Development Set-Aside (EDSA) program provides financial assistance to companies that create new employment opportunities and/or retain existing jobs, and make new capital investment in Iowa. The amount of funding is based, in part, on the number of jobs to be created/retained, and is given in the form of loans and forgivable loans. The assistance is targeted toward business projects located in communities of less than 50,000 people. At least 51% of the created/retained employment opportunities must be made available to individuals presently earning wages defined as low or moderate income. The EDSA program can provide assistance up to $500,000.
Explore detailed community demographic information at ZoomProspector.com
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