Incentives for Business

WHAT PART OF YOUR PROJECT COULD YOU USE SOME HELP WITH?

We know financing an expansion, relocation or a start-up can be a challenge. Franklin County, the State of Iowa and our utility partners provide assitance which may be of help to qualifying projects. Below is a brief overview:

We would be happy to discuss how these incentives may apply to your project. Just give FCDA a call Phone: 641-456-5668 or send us an email: fcdadirector@gmail.com

Other Incentives

TIF
Tax Increment Financing involves returning a portion of the property tax on added valuation back to the project.

lowa New Jobs Tax Credit
One time tax credit per new job created. Requires participation in the New Jobs Training Program. $1,560 per employee

Local Tax Abatements
Our local communities provide a variety of tax abatement schedules to qualifying projects.

Workforce Tax Credits
Otherwise known as 260(E) employers may receive a one-time tax credit per qualifying job created.

USDA
Low interest loans available through Franklin REC and CornBelt Power

Revolving Loan Funds
Franklin County, Franklin REC & CornBelt Power.

Iowa Loan Guarateee
Provides lenders with additional security.

Franklin County Bankers Assn
A consortium of locally owned banks who pool loan funds to create a larger lending opportunity.

High Quality Jobs Program
The state's premier financial assistance program designed to support innovation and job growth.

RISE
Revitalization of Iowa's Sound Economy (RISE) Program to assist in the development of roads and streets.

More about Iowa incentives here

More on incentives for entrepreneurs and small business here