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| 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. |
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| 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. |
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| III |
| Iowa
Industrial New Jobs Training Program |
| a. |
Assistance in the form of reimbursement of
trainees' and trainers' wages, travel, materials. |
| b. |
To be used as job training only. |
| c. |
Qualifications are based on the number of jobs created and annual
payroll over 3 years. |
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| IV |
| Iowa
Community Economic Betterment Account (CEBA) |
| a. |
Assistance is in the form of low
interest, no interest or forgivable loans. Estimate of
$3,000 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. |
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| 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. |
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| VI |
| Iowa Income
Job Tax Credit |
| a. |
State income tax
credit of $1,224 per job created. |
| b. |
To be used in hiring new IOWA workers. |
| c. |
Credit against state form; can carry forward up to 7 years. |
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| VII |
| a. |
40% of total project cost, Second Lien. |
| b. |
Can be used for land, building, and certain equipment. |
| c. |
For businesses employing less than 500. |
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| VIII |
| 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. |
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