About UsFinancial Assistance
Grants & Funds
Iowa offers an array of financial assistance programs to help businesses expand and relocate in our state. Funds may be awarded as a forgivable loan, low- or no-interest loan, or principal or interest buy-down on a loan. Whether you are interested in any of the State sponsored programs below, or local and regional incentives, Dyersville Economic Development Corporation will help identify and process the financial assistance you need to grow your business
Here's a general overview of some of what's available.
- Funding for rail and road improvements is available through the Iowa Department of Transportation.
- The High Quality Job Creation Program provides qualifying businesses with tax benefits to offset the costs incurred to locate, expand or modernize.
- The New Jobs and Income Program provides funds for screening and assessment; travel for training purposes; in-plant instruction; costs of a package of tax credits and exemptions to businesses making a capital investment of at least $10 million and creating 50 or more jobs. There may be some flexibility with the minimum qualifications for this program.
- The Iowa New Jobs Training Program provides funds for screening and assessment; travel for training purposes; in-plant instruction; costs of training facilities, equipment, and supplies, etc. The program is paid for by the new employees' withholding taxes at no cost to the employee or the company. These taxes may be diverted for a 10-year period to pay for up-front costs of training.
- Businesses utilizing the Iowa New Jobs Training Program may qualify for the New Jobs Tax Credit, a credit to the Iowa corporate income tax. The credit in 2008 is $1,368 per new employee. The credit can be carried forward for up to 10 years.