Incentives Directory

The Iowa Lakes Corridor region strongly supports existing and prospective business and industry. Our communities, counties, utilities and organizations work cooperatively to find ways to assist companies and provide incentives for their expansion and location in the region.

In addition to several state and federal programs available to assist expanding and new business and industry, several tools are available locally in the Iowa Lakes Corridor region. Local and regional revolving loan funds are available throughout the Corridor including the Northwest Iowa Planning and Development RLF, the Estherville RLF, the Iowa Great Lakes Industrial Board, and the Storm Lake Area Development Commission RLF. Low interest or interest-free loans through Iowa Lakes Electric Cooperative or Corn Belt Power are also available. The Spencer Area Jobs Trust provides zero to low-interest loans or forgivable loans for existing and prospective companies that create new jobs in Spencer. These funds are often used in conjunction with the Iowa Department of Economic Development as local matching support for Grow Iowa Values Fund projects. The amount and terms of these loans would depend upon the specifics of your project and are subject to the approval of the governing bodies of these organizations.

Communities in the Corridor also provide property tax exemption as allowed by Iowa law over a five-year period.

Tax-increment financing is another tool that is available for projects locating within urban renewal districts in Corridor communities. Each community in the corridor has a different policy and approach when using TIF, contact the Iowa Lakes Corridor for more information.

For more information on the Iowa Department of Economic Development's (IDED) financial assistance program.

Incentives Directory



The State of Iowa’s New Jobs Training Program (INJTP) is designed to provide education and training for new employees of new and expanding companies at little or no cost. This...
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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.
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Category: Iowa State Incentives, Tax Incentives

The Brownfield/Grayfield Tax Credit Program offers qualifying projects tax credits of up to 24% for qualifying costs of a Brownfield project and 30% if the project meets green building requirements....
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Category: Iowa State Incentives, Tax Incentives

Provides financial awards up to $150,000 to encourage commercialization activities by small and medium-sized Iowa companies in the advanced manufacturing, biosciences, and information technology industries. The fund is designed to...
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Category: Iowa State Incentives, Grants & Loans

Endow Iowa was developed to encourage the growth and development of community foundations and related organizations in the state, by encouraging donations to non-profit organizations. Individuals, businesses, and financial institutions...
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Category: Iowa State Incentives, Tax Incentives

Enterprise Zones are economically depressed areas in which state and/or local tax benefits are available to businesses and developers make new investments, create or retain jobs and build or rehabilitate...
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Category: Iowa State Incentives, Tax Incentives

The entrepreneurial component provides financial assistance and/or technical assistance to early-stage businesses that are developing a new product or new technology. INVESTING IN NEW IDEAS AND TECHNOLOGY! The Iowa Economic Development Authority...
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Category: Iowa State Incentives, Grants & Loans

Serves as the funding source for projects that are focused on job creation or retention, value-added agriculture and entrepreneurial efforts. This program, combined with Iowa’s nationally recognized business climate, tax...
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Category: Iowa State Incentives, Grants & Loans

This program is designed to promote the creation or retention of quality jobs by assisting businesses locating, expanding or modernizing their facilities in Iowa through a package of tax credits,...
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Category: Iowa State Incentives, Tax Incentives

The Iowa Capital Access Program (ICAP) assists Iowa businesses secure the financing they need to launch, retain, or expand business operations in Iowa. ICAP encourages banks and other eligible financial...
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Category: Iowa State Incentives, Grants & Loans

The Iowa Innovation Acceleration Fund promotes the formation and growth of businesses that engage in the transfer of technology into competitive, profitable companies that create high paying jobs. The funds...
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Category: Iowa State Incentives, Grants & Loans

The Iowa Small Business (ISB) Loan Support Program aids Iowa entrepreneurs and small businesses in their efforts to access capital for business purposes including start up costs, working capital, business...
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Category: Iowa State Incentives, Grants & Loans

Iowa law allows cities and counties to abate local property taxes for improving industrial real estate. The most common amount of actual value added at a new or expanded facility,...
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Category: Iowa State Incentives, Tax Incentives

The Iowa New Jobs Tax Credit is an Iowa corporate income tax credit and is available to a company that has entered into a New Jobs Training Agreement (260E) and...
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Category: Iowa State Incentives, Tax Incentives

Improvements to real property that are primarily used to control pollution of air or water, or primarily used for recycling, may qualify for a property tax exemption.  
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Category: Iowa State Incentives, Tax Incentives

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...
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Category: Iowa State Incentives, Tax Incentives

The Targeted Small Business (TSB) Assistance Program supports the creation and expansion of small businesses that are certified as a “targeted small business”.
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Category: Iowa State Incentives, Grants & Loans

City councils or boards of supervisors may use the property taxes resulting from the increase in taxable valuation caused by the construction of new industrial or commercial facilities to provide...
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Category: Iowa State Incentives, Tax Incentives

Seeks to increase the innovative utilization of Iowa's agricultural commodities. The Iowa Economic Development Authority (IEDA) has retooled our direct financial assistance programs to provide the flexibility and responsiveness necessary to...
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Category: Iowa State Incentives, Grants & Loans