State Incentives
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OverviewThe Accelerated Career Education (ACE) Program is designed to provide businesses with an enhanced, skilled workforce. ACE assists Iowa's community colleges to either establish or expand programs that train individuals in the occupations most needed by Iowa businesses.Businesses enter into an agreement with a community...
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The Manufacturing 4.0 Technology Investment Program provides grants to support small- and mid-sized enterprises in adopting and integrating smart technologies into their existing Iowa operations.Grants offered through this program are aimed at helping manufacturers increase productivity, efficiency, and competitiveness. They may be used for the...
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The Demonstration Fund is designed to assist companies with market-ready innovative technologies or products that have a clear potential for commercial viability.Assists companies with marketing and business development activities.Helps businesses with high-growth potential reach a position to attract follow-on private sector funding.Awards up to $100,000.Funds...
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The High Quality Jobs (HQJ) program provides qualifying businesses assistance to off-set some of the costs incurred to locate, expand or modernize an Iowa facility. This flexible program includes loans, forgivable loans, tax credits, exemptions and/or refunds. The Iowa Economic Development Authority (IEDA) offers this...
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OverviewThe Iowa Industrial New Jobs Training (260E) program assists businesses creating new positions with new employee training. Eligible businesses may be new to Iowa, expanding the Iowa workforce, or relocating to the state.Administered by Iowa's 15 community colleges and financed through bonds sold by the colleges.Depending upon the number of...
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The Iowa Innovation Acceleration Fund promotes the formation and growth of businesses that engage in the transfer of technology to competitive, profitable companies that create high-paying jobs. Funds are designed to accelerate the pace of market development, leverage private investment, and industrial expansion efforts that...
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Description: Computers and industrial machinery and equipment acquired after 12/31/93 are exempt from tax.Eligibility: Special valuation applies to all computers, but only to machinery and equipment classified as industrial real estate.Form: No form is needed.
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Description: Exemption for certain property other than land and buildings that is purchased by a data center business. This includes computers and equipment that are necessary for the maintenance and operation of a data center business.Eligibility: The data center business must meet the requirements contained in Iowa...
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See the Iowa Department of Revenue's website for information about sales tax exemptions for specific industries.
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Exemption for certain property that is purchased by a Web search portal business. This includes cooling systems, cooling towers, and other temperature control infrastructure; all power infrastructure for transformation, distribution or management of electricity used for the maintenance and operation of the Web search portal,...
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OverviewThe Iowa Jobs Training Program (260F) provides job training services to current employees of eligible businesses.Helps companies train current employees with new skills.Eligible businesses work with the local community college, which will assess training needs, determine funds available, and provide training.Valuable employee training for little to...
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OverviewThis one-time corporate income tax credit is available to participants in the New Jobs Training (260E) Program. Iowa offers this credit as an incentive for businesses that provide additional training to employees and expand their workforce.Maximum tax credit in 2024 is $2,292 per new employee.Maximum...
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OverviewIowa offers both annual funding opportunities and industry-specific grants to help Registered Apprenticeship Programs remain successful in Iowa.Visit the Iowa Workforce Development website to learn more about the Iowa Registered Apprenticeship Act (84E), the Iowa Registered Apprenticeship Development Fund (84F), the Teacher and Paraeducator Registered...
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Iowa offers the Renewable Chemical Production Tax Credit. The program incentivizes the production of 30 high-value chemicals derived from biomass feedstocks.Iowa developed the program to capitalize on its resources and infrastructure and to capture the renewable chemical manufacturing industry; it addresses the unique opportunity to advance Iowa’s...
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Iowa companies can earn tax credits for qualified research and development investments. Supplemental research credits are also available through the High Quality Jobs (HQJ) program.EligibilityBusinesses that make qualified research and development investments.How to ApplyCompanies should contact a tax advisor to determine if activities and expenditures qualify.More information...
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