Assistance for Businesses in Nevada, Iowa
Local Industrial Property Tax Exemption
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.