I want to:
  Expand or relocate my business
  Start my own business
  Learn about living here
  Dig into the data
 
 

INCENTIVES
We know financing an expansion, relocation or a start-up can be a challenge. Franklin County, the State of Iowa and our utility partners provide assitance which may be of help to qualifying projects. Below is a brief overview: We would be happy to discuss how these incentives may apply to your project.

Enterprise Zone Up to a 10% investment tax credit, rebate of 5% state sales tax paid on construction costs, property tax abatements workforce training and R&D tax credits of up to 6.5%
TIF Returning a portion of the property tax on any added value back to the project.
USDA Low interest loans available through Franklin REC and CornBelt Power
Revolving Loan Funds Franklin County, Franklin REC & CornBelt Power USDA Loans & Revolving Loans
Iowa Loan Guarateee Provides lenders with additional security.
CEBA Financial assistance to companies that create or retain jobs and make new capital investment
RISE Revitalization of Iowa's Sound Economy (RISE) Program
FC Bankers Assn. A consortium of locally owned banks who pool loan funds to create a larger lending opportunity.
Local tax abatements Our local communities provide a variety of tax abatement schedules
Workforce Tax Credits Otherwise known as 260(E) employers may receive a one-time tax credit per qualifying job created
   
More on State of Iowa assistance found here