Assistance for Businesses in Nevada, Iowa
Local Industrial Property Tax Exemption
Mid-Iowa Development Fund
Mid Iowa Development Fund knows that our strength lies in collaboration with other counties. The seven-county area in central Iowa served by the RLF – Polk, Dallas, Jasper, Story, Boone, Marion and Warren – were designated as disaster areas under the August 12, 1993, Presidential Declaration. This very diverse seven-county area in central Iowa was the most heavily flood-damaged region in the nation during the 1993 flood (more than $100 million in business and property losses.) Back in 1993, these counties realized that by working together we could overcome our challenges much more efficiently, and that is why it was ultimately decided to launch Mid Iowa Development Fund, Inc. 501(c) (3). non-profit organization.
Iowa Economic Development Authority: High Quality Jobs Program
This program, administered by the Iowa Economic Development Authority, incentivizes projects based on job creation and capital investment. The program allows for income tax credits for businesses, as well as a sales tax refund for materials spent on construction of the building.
Iowa Economic Development Authority: Research and Development Tax Credit
This refundable tax credit offers up to 6.5% of the company’s qualifying research expenditures in Iowa. Companies approved for expansion under the High Quality Jobs Program may be eligible for a supplemental tax credit for qualifying research and development activities.
Renewable Chemicals Production Tax Credit
This first of its kind tax credit incentivizes the production of high-value “building block” chemicals based on weight ($0.05 per pound produced) with annual limits of $1 million for start-ups and $500,000 for established businesses.
The Iowa Industrial New Jobs Training Program (260E) provides eligible businesses with funds to conduct new employee training.