|
|
I |
a. Assistance is to phase in property tax over 5 years.
b. Use is new construction or property improvement
c. Qualifications are determined by actual facility investment. |
| |
 |
| II |
| Iowa New Jobs and
Income Program (NJIP) |
| a. |
Assistance is to increase job training, extended property tax abatement
and additional state corporate income tax credits. |
| b. |
Use is value-added production or service in Iowa. |
| c. |
A creation of at least 50 new production jobs with a median wage that changes
quarterly, plus a $3 million capital investment. |
|
| |
|
| III |
| Iowa Industrial New
Jobs Training Program |
| a. |
Assistance in the form of reimbursement of trainees and trainers wages,
travel, materials etc. |
| b. |
To be used as job training only. |
| c. |
Qualifications are based on the number of jobs created and annual payroll
over 3 years. |
|
| |
|
| IV |
| Iowa Community Economic
Betterment Account (CEBA) |
| a. |
Assistance is in the form of low interest, no interest or forgivable loans.
Estimate of $2,500 per job created. |
| b. |
To be used for fixed assets, and/or working capital. |
| c. |
A certain wage is required for each new job created, this amount changes
quarterly. |
|
| |
|
| V |
| Rail/RISE Economic
Development Program |
a. 80% of infrastructure construction costs, up to $100,000 maximum
b. Use for rail or road extensions or improvements
c. Need to be filed by the city; 30-45 days review process. |
| |
|
| VI |
| Landfill Alternatives
Financial Assistance Program - Recycling |
a. $300,000 maximum
b. Use for equipment and building working capital
c. Filing dates first Monday in June and December |
| |
|
| VII |
| Landfill Alternatives
Financial Assistance Programs - Composting Initiative |
| a. |
|
$750,000 maximum |
| b. |
|
Use for
(1) meeting the 50 percent reduction goal;
(2) reduce the amount of compostable solid waste being landfilled in Iowa;
(3) to improve and expand markets for finished compost and value-added compost
products. |
| c. |
|
Filing date February and August, with August 2000 being the last
funding round. |
|
| |
|
| VIII |
| Iowa Income Job Tax
Credit |
a. State income tax credit of $912 per job created.
b. To be used in hiring new IOWA workers
c. Credit against state form; can carry forward up to 7 years. |
| |
|
| IX |
a. 40% of total project cost, Second Lein
b. Can be used for land, building, and certain equipment
c. For businesses employing less than 500 |
| |
|
| X |
| Fayette County Has
2 Revolving Loan Funds Available to Small Business |
a. Job creation - $8,000 to $9,000 per job created
b. Non-job creation oriented |
