State of Iowa Financial Assistance Programs

State of Iowa Financial Assistance Programs

Community Economic Betterment Account (CEBA)
The CEBA program provides financial assistance to companies that create new employment opportunities and/or retain existing jobs, and make new capital investment in Iowa. The amount of funding is based, in part, on the number of jobs to be created/retained. Funds are provided in the form of loans and forgivable loans.

Economic Development Set-Aside Program (EDSA)
The EDSA program provides financial assistance to companies that create new employment opportunities and/or retain existing jobs, and make new capital investment in Iowa. The amount of funding is based, in part, on the number of jobs to be created/retained. Funds are provided in the form of loans and forgivable loans. At least 51 percent of the created/retained employment opportunities must be made available to individuals presently earning wages defined as low-and-moderate income.

Value-Added Products and Processes Financial Assistance Program (VAAPFAP)
The Value-Added Agricultural Products and Processes Financial Assistance Program seeks to increase the innovative utilization of Iowa's agricultural commodities. It accomplishes this by investing in the development of new agri-products and new processing technologies. Financial assistance is provided in the form of loans and forgivable loans.

New Jobs and Income Program (NJIP)
The Iowa New Jobs and Income Program provides a package of tax credits and exemptions to businesses making a capital investment of at least $11,414,000 and creating 50 or more jobs meeting wage and benefit targets. Qualifying businesses participating in NJIP receive substantial benefits.

Enterprise Zones
Business locating or expanding in an Enterprise Zone making a minimum capital investment of $500,000 and creating at least 10 full-time jobs meeting wage and benefit targets may receive tax benefits including local property tax exemption on the value-added to the property; additional funding for training new employees (in addition to those authorized under the Iowa Industrial New Jobs Training Program); a refund of state sales, service or use taxes paid to contractors or subcontractors during construction; an investment tax credit of up to a maximum of 10 percent of new investment in machinery and equipment, land, buildings and improvements to existing buildings (and can be carried forward for up to seven years or until depleted); and an additional research and development tax credit of up to 6.5 percent.

Iowa Industrial New Jobs Training Program (260E)
The Iowa Industrial New Jobs Training Program provides customized classroom instruction, on-the-job training and other training activities for employees in newly created jobs. An employer may be reimbursed up to 50 percent of new employees' wages for on-the-job training. All training is customized to the company's special needs. Community colleges finance the program by the sale of tax-exempt bonds which are repaid by the tax revenue generated by the salaries and capital invested to support the new jobs. As a result company profits are not used to repay the bonds.

For more information on State of Iowa financial assistance programs, visit the Iowa Economic Development Authority's website.

News

Theisen's is Expanding!

Posted: Wed, July 3, 2019
July 3, 2019
Media Release:  For immediate publication
For more information, contact:
Rod Kight, Theisen's Home Farm Auto
Email: rodk@theisens.com Phone: 563-556-4738


Theisen's Home Farm Auto is excited to announce we are moving.  In order to better serve our loyal New Hampton customers, we are moving from our current 16,200 sq ft building at 413 W Milwaukee St. to a larger 42,000 sq. ft former Shopko store at 660 W Milwaukee St. 

"We feel it is a great investment in a community that has welcomed and shopped at our company for the past 22 years.  We look forward to providing an expanded offering as well as continuing to give back to the community" Chris Theisen, Chief Facilities Officer, Theisen's Supply.

The new building will be more than twice the size of our current location which will enable us to provide an extensive expansion of products throughout all departments.  Specifically, in the areas of clothing, footwear, farm, pets, sporting goods and hardware. Customers will enjoy new automotive service bays, a Red Wing® footwear shop, expanded Wrangler, Carhartt, and Ariat offerings.  A full line of firearms and expanded hunting equipment will be added along with a Yeti shop in Sporting Goods.  An expanded line of DeWalt and Milwaukee power tools along with Hobart welding equipment in Hardware.  New brands of pet food and basic consumable offerings.  And much more.

We hope to be in our new location and open by the end of October, 2019.

Theisen's Home  Farm  Auto serves our customers by offering top quality brands at an excellent value, focusing keenly on exceptional customer service. Theisen's currently operates 24 stores across Iowa and Wisconsin. 

Opened in 1927 by the Theisen family, the Theisen's locations are supported by the corporate headquarters and distribution center located in Dubuque, IA

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Compost Site

Posted: Wed, June 26, 2019
Beginning July 1st the compost site fees and hours will be changing to the following:

Tuesday & Thursday: 3-7pm or Dusk
Saturday: 9am- 1pm

Fees:  $5 per vehicle or single axle trailer
         $10 per double axle trailer
... [ Read More ]

Jendro July 4th Collection

Posted: Fri, June 7, 2019
All Monday, Tuesday & Wednesday routes will run on regular schedule.

All Thursday, July 4th routes will be collected on Friday, July 5th.

All trash & recycling MUST be out by 5:00 AM or it will not be collected.
... [ Read More ]
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