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

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 ]

DEB EL Food Products LLC

Posted: Tue, May 21, 2019
Great afternoon meeting the owners of DEB EL Food Products LLC.  DEB EL Food Products LLC is the new company taking ownership of the former Sparboe Foods facility.  Thank you for your investment in our community!  Stay tuned for more information to be released soon.
... [ Read More ]
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