Jackson County Revolving Loan Fund. Program
administered by the East Central Intergovernmental Association (ECIA)
Business Growth Corp. is targeted towards manufacturing and service
industry growth. Funds are available and unlimited in size (dependent
on available unencumbered dollars in fund), but typically are limited
to 35% of the projects financial package requirements and with generous
rates and terms.
Iowa Enterprise Zone. Jackson County is one
of 28 counties in Iowa to qualify to be designated an Enterprise Zone
to promote business expansion. Qualifying projects can receive the
following benefits: Property tax exemptions on all or part of the
costs of the land and buildings for ten years; Investment tax credit
of up to 10% against corporate income taxes for machinery and equipment,
buildings and improvements; Refund for sales, service, and use taxes
paid to contractors or sub- contractors during construction;A 13%
research and development activities credit (refundable) against corporate
income tax; Double the tax withholding credit for community college
job training.
East Central Intergovernmental Association (ECIA).
A subsidiary of the Iowa Department of Economic
Development (IDED), the ECIA may have funds available for manufacturing
or high-tech companies. The funding is intended to provide financing
for fixed asset expansion with beneficial and flexible terms. ECIA
also provides detailed assistance in preparing Community Economic
Betterment Account (CEBA), Revitalize Iowa's Sound Economy (RISE),
and Community Development Block Grant/Economic Development Set Aside
(CDGB/EDSA) applications. In addition, the ECIA provides servicing
for CEBA and EDSA loan agreements. ECIA is able to assist in developing
Tax Increment Financing (TIF) for local communities. ECIA is a provider
and administrator of SBA 504 financing program that is available to
smaller and mid-size business expansion.
Local (City/Private) loan funds. Each individual
community in Jackson County may have available local government or
a private pool for your company's growth requirements
