Entrepreneurial/Small Business Development Programs
Venture Project Component of the Community Economic Betterment Account (CEBA)
The Venture Project Component of CEBA makes equity-like investments of up to $250,000 to start-up and early-stage businesses.
Entrepreneurial Ventures Assistance (EVA)
The Entrepreneurial Ventures Assistance (EVA) program provides financial and technical assistance to early-stage technology companies. An eligible business must be located in Iowa and in an industry sector offering the greatest start-up and growth potential for the state, including but not limited to: biotechnology, recyclable materials, software development and computer related products, advanced materials, advanced manufacturing, and medical and surgical instruments. To qualify, applicants must have completed or must be participating in entrepreneurial training from a John Pappajohn Entrepreneurial Center, or have comparable training and/or experience. Businesses engaged in retail sales, the provision of health care or professional services, and distributors of products or services are not eligible for EVA funds. Financial assistance of up to $50,000 may be awarded for the purchase of machinery and equipment, and other business acceleration expenses.
Targeted Small Business Financial Assistance Program (TSBFAP)
The TSB Financial Assistance Program is designed to assist in the creation and expansion of Iowa small businesses that have an annual gross sales under $3 million and are at least 51 percent owned, operated and managed by women, minorities or persons with a disability.
Self-Employment Loan Program (SELP)
This program is designed to assist in the creation and expansion of businesses owned, operated and managed by women, minorities, or persons with a disability. To qualify for a SELP loan, applicants must have an annualized family income that does not exceed current income guidelines for the program.
Entrepreneurs With Disabilities (EWD)
The EWDI program helps qualified individuals with disabilities establish, acquire, maintain or expand a small business by providing technical and financial assistance. To be eligible for the program, applicants must be active clients of the Iowa Department of Education Division of Vocational Rehabilitation Services or the Iowa Department for the Blind.
For more information on State of Iowa Entrepreneurial/Small Business Development Programs, visit the Iowa Economic Development Authority's website.