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Economic Development

The successful creation of the new Iowa Economic Development Authority and the Iowa Partnership for Economic Progress – a concept for a private public partnership born out of the Iowa Chamber Alliance – provides the flexibility, nimbleness and expertise needed for economic development for the entire state of Iowa. This new entity requires a new set of economic development incentives and tools to help fulfill its mission. Existing incentives need to be reviewed for their effectiveness.  Existing and new incentives and tools must address:

  • Tax credits that encourage development and rehabilitation of properties, community development, innovation, research and development, retention of jobs and expansion of operations.
     
  • Direct incentives to be able to compete with other states and sovereign nations to attract investment to Iowa.
     
  • Innovative programs to help locally owned businesses and entrepreneurs expand and stay in Iowa.

 

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