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

Lunch & Learn Opportunity

Posted: Thu, April 20, 2017
For any business, being able to connect with potential customers is an incredibly valuable tool. What's even more valuable is connecting with those customers at the exact moment they are searching for the products and services you offer on the internet.

VGM Forbin and New Horizons Chamber of Commerce are providing an exciting learning opportunity during Small Business Week to help you use techniques developed by Google to improve your online marketing initiatives to bring more customers to your business's front door. The education will center around three key objectives:

-Growing Your Business Online
-Promoting Your Business With Google Adwords
-How Brands Win in Moments that Matter

All education materials for this event have been prepared by Google. VGM Forbin will be on hand to present the materials, answer your questions, and lead discussions about best practices.

Event Details

Where: The New Hampton Community Center: 112 East Spring Street, New Hampton, IA 50659
Cost: $5 per attendee
When: Tuesday, May 2 at noon (lunch will be provided)
Who: Event will be hosted by VGM Forbin and New Horizons Chamber
What You'll Receive: Education on online branding techniques from industry experts and Google-branded merchandise

To reserve your spot, call the Chamber at 394-2021.
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New Hampton Farmer's Market

Posted: Mon, April 17, 2017
New Hampton's Farmer's Market will continue to be on Thursday evenings from 4-6 pm this summer.  The Farmer's Market will run from June through September and be located in the Car Quest parking lot.

There will be no fee for vendors to set up and spots will be first come, first serve.  If you have any questions, please contact Megan at 641-394-2437.
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New Regional Job Site is Up & Running!

Posted: Thu, March 23, 2017
New Hampton Economic Development is very pleased to announce the establishment of a new regional job board that covers the 6-county Cedar Valley Regional Partnership (CVRP). The CVRP area includes Chickasaw, Buchanan, Black Hawk, Bremer, Butler and Grundy counties.

New website: http://www.newhamptonia.com/employment-opportunities.html

Companies can easily post a job without having to register, get a password or pay any fees. 

•    Simply go to the site, click "submit a job" and enter your information.
•    You can select a time-frame for how long you would like the position to be posted.
•    Your posting will be reviewed by an administrator who will make it live.
•    That's it!

Job seekers will be able to search for jobs by county and category…no registrations or passwords.

We believe that this will enable companies to more easily post jobs and the site will make it easier for individuals looking for work to find local companies that are hiring.

Please contact Megan Baltes, Assistant Director, New Hampton Economic Development if you need additional information or have any questions. 641-394-2437; nheconomic@windstream.net

 




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