Tax & Financial Incentives

Tax & Financial Incentives

New Hampton Economic Development is skilled at putting together attractive incentive packages that meet the growth needs of businesses expanding, locating or starting up in our community. Following are key state and local tax and financial assistance programs to help your business expand and grow in New Hampton, the City of Expanding Horizons.

Iowa Business and Tax Advantages

  • No corporate income tax on profits from sales outside of Iowa
  • Fifty percent deductibility of Federal Taxes from Iowa Corporate Income Tax
  • New jobs tax credit
  • No property tax on newly purchased manufacturing machinery, equipment and computers used in processing
  • No sales or use tax on manufacturing machinery, equipment and computers used in processing
  • No personal property (inventory) tax
  • Research and Development Tax Credit

Financial Incentive Programs

There are four categories of financial incentive programs available. Click a link below to go to a particular section or scroll down to see all sections.


News

Chickasaw County Fair Queen Competition Seeking Candidates

Posted: Tue, June 19, 2018
The Chickasaw County Fair Queen competition is currently accepting applications for the 2018 Chickasaw County Fair Queen.

Young ladies between the ages of 16-21, residing in Chickasaw County and/or have active involvement in Chickasaw County, and be involved in a leadership or service organization (church group, Girl Scouts, 4H, FFA, school council) are encouraged to apply.  Eligibility is not limited by 4H or FFA membership.
    
The Chickasaw County Fair Queen will receive a $250 scholarship and Alternate Fair Queen will receive $100 scholarship.  The queen's responsibilities will include being at the Chickasaw County achievement show, and attending the BIG 4 Fair in Nashua, representing Chickasaw County at the IA State Fair, and various events throughout the year in Chickasaw County.  

Application deadline has been extended to Friday, June 22, and can be found at https://www.extension.iastate.edu/chickasaw/application-forms, or by contacting fair queen coordinator, Megan Mueterthies at meissenmegan@gmail.com.  Interviews will be held at the Pub in New Hampton, on Tuesday, June 26th at 5:00pm.  Queen Coronation will be held at the Chickasaw County Achievement Awards Program on Sunday, July 15th at 6:00pm.

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ATEK Metal Technologies Announces Expansion

Posted: Wed, June 6, 2018
New Hampton's ATEK Metal Technologies announced on Tuesday that they're nearly doubling in size.

President Tom Christie says, "We added 40 percent to our low pressure permanent mold casting capacity to keep up with our accelerating growth."

ATEK is adding robotic de-gating and debuting of castings, which will be operational in July.

The expansion includes a 96-hundred square-foot addition and company officials say the 140 workforce will grow in the coming years.
... [ Read More ]

Job Fair!

Posted: Fri, April 20, 2018

... [ Read More ]
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