Incentives

WHAT PART OF YOUR PROJECT DO YOU NEED HELP WITH?

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. Just give Karen a call

Phone: 641-456-5668     Send us an email: fcdadirector@gmail.com


TIF

Tax Increment Financing involves returning a portion of the property tax on added valuation back to the project.

Iowa New Jobs Tax Credit

One time tax credit per new job created. Requires participation in the New Jobs Training Program. $1,560 per employee

New Market Tax Credit

The credit equals 39% of the investment paid out (5% in each of the first three years, then 6% in the final four years, for a total of 39%) over seven years.

Local tax abatements

Our local communities provide a variety of tax abatement schedules to qualifying projects.

Workforce Tax Credits

Otherwise known as 260(E) employers may receive a one-time tax credit per qualifying job created.


USDA

Low interest loans available through Franklin REC and CornBelt Power

Revolving Loan Funds

Franklin County, Franklin REC & CornBelt Power.

Iowa Loan Guarateee

Provides lenders with additional security.

Franklin County Bankers Assn

A consortium of locally owned banks who pool loan funds to create a larger lending opportunity.


High Quality Jobs Program

The state's premier financial assistance program designed to support innovation and job growth.

RISE

Revitalization of Iowa's Sound Economy (RISE) Program to assist in the development of roads and streets.