reglab/statecodes huggingface dataset:
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 77 - Site Development Program › Rule 261-77.14 - Certificate of Readiness

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Certification.
Upon approval of an application for a
				certificate of readiness, the department will issue a certificate of readiness
				to the applicant. The certificate of readiness will include a short description
				of how the site development plan meets the general criteria described in
				subrule 77.13(1) and will include whether the site development plan meets the
				additional considerations described in subrule 77.13(2) and a short discussion
				related thereto, if applicable. The certificate of readiness will be valid for
				the term described on the certificate, which may vary for each site development
				area depending on the nature of the development and the site characteristics.
				In no event shall the term of a certificate exceed ten years.
(2)
Recertification.
The
				department shall not recertify site development areas for which a certificate
				of readiness has expired or will expire. The local government or local economic
				development official responsible for the site development area shall reapply
				for a certificate of readiness under these rules for the site to be considered
				for a subsequent certificate of readiness.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 77 - Site Development Program › Rule 261-77.21 - Consultation

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The department
				shall consult with local governments and local economic development officials
				in regard to site development techniques. The department may contract with
				third parties to provide site development consultations regarding site
				development techniques directly to local governments and local economic
				development officials.
(2) The
				department may charge a reasonable fee for consultation. A local government or
				local economic development official seeking assistance under subrule 77.21(1)
				shall make a request to the department and provide information requested by the
				department for use in formulating a fee estimate and work plan. Before any work
				is undertaken, the department shall provide a fee estimate to the interested
				local government or local economic development official and a description of
				the services that will be provided. The fee shall be reasonable and shall cover
				the department's costs of providing the service. The department may require the
				local government or local economic development official to enter into a
				contract that identifies the services to be performed and obligates the local
				government or local economic development official to pay the fee to the
				department or a third-party consultant for satisfactory completion of
				services.
(3) Applicants are not
				required to seek consultation under the program to be eligible to apply for a
				certificate of readiness and may seek consultation from the department at any
				time.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.1 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of this chapter is to encourage development of
				  the renewable chemicals industry and stimulate job growth using the renewable
				  chemical production tax credit program to incentivize new and existing
				  businesses to produce high-value renewable chemicals in Iowa from biomass
				  feedstock.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.2 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
As used in this chapter, unless the context otherwise
				  requires:
"Authority"
means the economic development
				  authority created in Iowa Code section
				  15.105.
"Authority's website"
means the information
				  and related content found at
www.iowaeda.com
and may include integrated
				  content at affiliate sites.
"Biomass feedstock"
means the same as
				  defined in Iowa Code section
				  15.316(2).
"Board"
means the members of the economic
				  development authority board appointed by the governor and in whom the powers of
				  the authority are vested pursuant to Iowa Code section
				  15.105.
"Building block chemical"
means the same as
				  defined in Iowa Code section
				  15.316(3)  as
				  amended by 2023 Iowa Acts, Senate File 575, and also includes benzene, toluene,
				  xylene, ethylbenzene, butanoic acid, hexanoic acid, octanoic acid, pentanoic
				  acid, heptanoic acid, ethylene glycol, and 1,4 butanediol, or such additional
				  molecules as may be included by the authority following the procedure in rule
				  261-81.8 (15).
"Director"
means the director of the
				  authority.
"Eligible business"
means the same as
				  defined in Iowa Code section
				  15.316(5).
"Pre-eligibility production threshold"
means
				  the same as defined in Iowa Code section
				  15.316(8).
"Production year"
means any calendar year
				  after the year in which the eligible business's pre-eligibility production
				  threshold was established and in which the eligible business produces renewable
				  chemicals.
"Program"
means the renewable chemical
				  production tax credit program administered pursuant to Iowa Code sections
				  15.315 through
				  15.322 and this chapter.
"Renewable chemical"
means the same as
				  defined in Iowa Code section
				  15.316(10).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.3 - Eligibility Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
To be eligible to receive the renewable chemical production
				  tax credit pursuant to the program, a business shall meet all of the
				  eligibility requirements in Iowa Code section
				  15.317.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.4 - Application Process and Review

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Applications
				for tax credits may be submitted to the authority electronically by eligible
				businesses from February 15 to March 15 of each calendar year. The authority
				may adjust the annual filing window dates under extenuating circumstances and
				will provide notice of adjustments on the authority's website.
(2) The application shall include all
				information required by Iowa Code section
				15.318(1)
"e"
and all of the following information:
a. The name of the qualifying building block
				chemical produced by the eligible business for which the business is claiming a
				tax credit.
b. The amount of
				renewable chemicals produced in the state from biomass feedstock by the
				eligible business during the calendar year prior to the year in which the
				business first qualified as an eligible business under the program.
c. The city or county where the plant
				producing renewable chemicals is located.
d. The type of feedstock used to produce the
				renewable chemicals.
e. The date on
				which the eligible business organized, expanded or located in the
				state.
f. Any other information
				reasonably required by the authority in order to establish and verify the
				amount of the tax credit under the program.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.5 - Agreement and Fees

Current through Register Vol. 47, No. 3, July 24, 2024
An eligible business approved to receive a tax credit shall
				  enter into an agreement and pay applicable fees pursuant to Iowa Code section
				  15.318(2)  as
				  amended by 2023 Iowa Acts, Senate File 575. Eligible businesses must sign the
				  agreement within 60 days of being notified of approval for the tax credit. Upon
				  request by an eligible business, the authority may extend the time period for
				  signing the agreement by an additional 30 days.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.6 - Renewable Chemical Production Tax Credit

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Calculation of tax credit amount.
a. An eligible business that has entered into
				an agreement pursuant to rule
				261-81.5 (15) may be issued a
				tax credit certificate in an amount calculated as described in Iowa Code
				section 15.319(1). For example, if an eligible business produced three million
				pounds of renewable chemicals during calendar year 2016 and first became an
				eligible business under this chapter in calendar year 2017, the pre-eligibility
				production threshold for the business is three million pounds. If the same
				eligible business produced ten million pounds of renewable chemicals during
				calendar year 2017, the eligible business could receive a tax credit for the
				amount produced over the pre-eligibility production threshold, which in this
				example equals seven million pounds.
b. If a business has facilities located in
				more than one state, only those renewable chemicals produced at facilities
				physically located in the state of Iowa may be counted for the purpose of
				calculating the tax credit.
c. If
				the same eligible business has an ownership or equity interest in multiple
				facilities at which renewable chemicals are produced, the facilities under
				common ownership will be considered a single eligible business for purposes of
				calculating the maximum tax credit amount. In calculating the maximum tax
				credit amount, only the pro rata share of each eligible business's ownership in
				a facility will be attributed to that eligible business.
d. The maximum amount of tax credit that may
				be issued under the program to an eligible business for the production of
				renewable chemicals in a calendar year shall not exceed the amount authorized
				by Iowa Code section 15.318(3)
"a"
as amended by 2023 Iowa Acts, Senate File 575.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.7 - Claiming the Tax Credit

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Maximum
				tax credit claimed.
An eligible business that has entered into an
				agreement pursuant to rule
				261-81.5 (15) and been issued a
				tax credit certificate pursuant to subrule 81.6(1) may claim a tax credit as
				described in Iowa Code section
				15.319(1)  as
				amended by 2023 Iowa Acts, Senate File 575.
(2)
Claiming the credit.
To
				receive the tax credit, an eligible business shall file a claim in accordance
				with any applicable administrative rules adopted by the department of
				revenue.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.8 - Process to Add Building Block Chemicals

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
General
				process.
The authority may add additional molecules to the definition
				of "building block chemical" in rule
				261-81.2 (15) pursuant to Iowa
				Code section 15.316(3) as amended by 2023 Iowa Acts, Senate File 575. The
				authority may initiate the administrative rulemaking process for the addition
				of such molecules to this chapter.
(2)
Request to include additional
				molecules.
Any individual or business may request that an additional
				molecule be added to the definition of "building block chemical" by submitting
				a written request to the authority. Such requests shall be made in the form
				prescribed by the authority and may be submitted to the authority between April
				1 and May 1 of each calendar year and October 1 and November 1 of each calendar
				year. The authority may adjust these dates under extenuating circumstances and
				will provide notice of adjustments on the authority's website.
(3)
Consultation with
				experts.
Prior to initiating a rulemaking to add molecules to the
				definition of "building block chemical" in rule 261-81.2(15), the authority
				shall consult with appropriate experts from Iowa state university, including
				but not limited to the Iowa state university center for biorenewable chemicals.
				The authority shall conduct an initial staff review of any requests received by
				the authority pursuant to subrule 81.8(2). Following the initial staff review,
				the authority shall consult with the experts at Iowa state university regarding
				the molecules that the authority believes are consistent with the definitions
				under this chapter. The experts at Iowa state university shall provide a
				written recommendation to the authority indicating which chemicals, in the
				experts' opinion, meet the definition of "building block chemical" consistent
				with this chapter.
(4)
Initiation of rulemaking proceedings.
Following the
				consultation and review process set forth in subrule 81.8(3), the authority may
				initiate the administrative rulemaking process to amend the definition of
				"building block chemical" to add molecules that the authority, in the
				authority's sole discretion, finds to be consistent with the definitions in
				this chapter.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 81 - Renewable Chemical Production Tax Credit Program › Rule 261-81.9 - Additional Information

Current through Register Vol. 47, No. 3, July 24, 2024
The authority may at any time request additional information
				  and documentation from an eligible business regarding the operations, job
				  creation, and economic impact of the eligible business, and the authority may
				  use the information in preparing and publishing any reports to be provided to
				  the governor and the general assembly to the extent consistent with Iowa Code
				  section 15.318(5).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 101 - Mission and Responsibilities › Rule 261-101.1 - Mission

Current through Register Vol. 47, No. 3, July 24, 2024
The mission of the innovation and commercialization division
				  is to grow Iowa's economy by fostering entrepreneurship and supporting the
				  workforce, commercialization, and marketing activities of the advanced
				  manufacturing, biosciences, and information technology
				  industries.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 101 - Mission and Responsibilities › Rule 261-101.2 - Responsibilities

Current through Register Vol. 47, No. 3, July 24, 2024
The authority's primary responsibilities are to assist
				  start-up and existing companies with commercialization of new technologies; to
				  foster entrepreneurship; and to coordinate the marketing, education, and
				  workforce efforts of the state with respect to innovative businesses, including
				  businesses in the industries of advanced manufacturing, biosciences, and
				  information technology.
(1)
Commercialization.
Commercialization activities include, but
				are not limited to, administration of the programs described in this part.
				Additionally, the authority's commercialization activities include the
				facilitation of technology transfer at Iowa's state universities to the
				greatest extent possible. Finally, such activities also include coordinating
				with the bioscience development corporation established pursuant to Iowa Code
				section
				15.107
				to ensure that the goal of public and private sector collaboration is furthered
				to the greatest extent possible.
(2)
Entrepreneurship.
Entrepreneurship activities include, but are not limited to, administrating the
				venture network of Iowa, coordinating the Iowa equity funds, and coordinating
				with services providers across the state to increase entrepreneurship in
				Iowa.
(3)
Marketing,
				education, and workforce development.
Marketing, education, and
				workforce development efforts for innovative businesses include, but are not
				limited to, overseeing the targeted industries internship program.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 102 - Entrepreneur Investment Awards Program › Rule 261-102.1 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for adopting rules establishing the
				  entrepreneur investment awards program under this chapter is provided in Iowa
				  Code sections
				  15106A.
				  and
				  15E362..
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 102 - Entrepreneur Investment Awards Program › Rule 261-102.2 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the entrepreneur investment awards program is
				  to provide financial assistance to service providers that provide technical and
				  financial assistance to entrepreneurs and start-up companies seeking to create,
				  locate, or expand a business in the state.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 102 - Entrepreneur Investment Awards Program › Rule 261-102.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
As used in this chapter, unless the context otherwise
				  requires:
"Applicant"
means a person applying to the
				  authority for financial assistance under the program.
"Authority"
means the economic development
				  authority created in Iowa Code section
				  15.105.
"Board"
means the members of the economic
				  development authority appointed by the governor and in whom the powers of the
				  authority are vested pursuant to Iowa Code section
				  15.105.
"Business development services"
includes but
				  is not limited to corporate development services, business model development
				  services, business planning services, marketing services, financial strategies
				  and management services, mentoring and management coaching, and networking
				  services.
"Committee"
means a committee of application
				  reviewers appointed by the director.
"Deliverables"
means the performance of
				  duties or other obligations required of an applicant under a contract entered
				  into with the authority in consideration for the receipt of financial
				  assistance under the program. At a minimum, "deliverables" includes the
				  continued maintenance of all initial eligibility requirements for the duration
				  of a contract entered into under the program and may include such other terms
				  and conditions as the authority deems necessary to effectuate the legislative
				  intent of the program or to protect the interest of taxpayers.
"Director"
means the director of the
				  authority.
"Eligible entrepreneurial assistance
				  provider"
or
"service provider"
means a person
				  meeting the requirements of rule
				  261-102.6 (15E).
"Financial assistance"
means the same as
				  defined in Iowa Code section
				  15.327.
"Fund"
means the entrepreneur investment
				  awards program fund created pursuant to Iowa Code section
				  15E.363.
"Iowa-based business"
means a service
				  provider whose principal place of operations is in Iowa and that is actively
				  providing business development services in the state.
"Operating costs"
means the expenses
				  associated with administering a service provider's activities on a day-to-day
				  basis. "Operating costs" includes both fixed costs and variable costs.
				  "Operating costs" does not include expenses associated with non-operating
				  activities such as interest expenses, repayment of principal, or moneys
				  invested by the service provider in clients' businesses or in other
				  ventures.
"Program"
means the entrepreneur investment
				  awards program established pursuant to Iowa Code section
				  15E.362.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 102 - Entrepreneur Investment Awards Program › Rule 261-102.4 - Program Description, Application Procedures, and Delegation of Functions

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Program description.
The program is designed to provide
				financial assistance to service providers meeting the eligibility requirements
				described in rule 261-102.6 (15E). All awards of
				financial assistance must ultimately be approved by the board, and a contract
				must be entered into before funds will be disbursed. All contracts will specify
				the deliverables required in consideration for the provision of financial
				assistance.
(2)
Application
				and award procedures.
Eligible service providers may submit
				applications to the authority. The applications will receive an initial review
				to confirm program eligibility before being sent to the committee for a
				recommendation on funding. The committee will provide its recommendation to the
				board for a final determination on funding. The board may approve, deny, or
				defer each application for financial assistance under the program. The board
				will consider applications for financial assistance during the annual filing
				window described in subrule 102.4(4). The amount of financial assistance
				awarded to a service provider is within the discretion of the authority as
				determined by the board. If the board approves an award of financial assistance
				for a service provider, the authority will prepare a required contract
				specifying the terms and conditions under which financial assistance is
				provided to the service provider.
(3)
Review procedure.
a. The committee shall verify that all
				objective criteria for eligibility are met as described in subrule 102.6(1) and
				shall provide an opinion as to whether and to what extent the applicant meets
				the subjective criteria described in subrule 102.6(2). The analysis of
				eligibility shall be compiled in report form and submitted to the board for its
				use in making a final determination.
b. The committee shall recommend to the
				authority the terms and conditions to be included in the contract in
				consideration for receipt of the grant funds.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 102 - Entrepreneur Investment Awards Program › Rule 261-102.5 - Program Funding

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Aggregate fiscal year limitation.
The authority will not award
				more than $1 million in financial assistance under the program in any one
				fiscal year.
(2)
Individual applicant limitation.
The authority will negotiate
				the amount of financial assistance to be provided to a service provider.
				However, the authority will not award more than $200,000 to any one service
				provider in any one fiscal year.
(3)
Program funding source and
				allocation.
Moneys for financial assistance under the program will be
				awarded from the moneys in the entrepreneur investment awards program fund
				created pursuant to Iowa Code section
				15E363..
				Moneys are deposited in this fund by the authority pursuant to Iowa Code
				section
				15335B..
				The amount deposited each year depends on the amount allocated for such
				purposes under Iowa Code section
				15335B..
(4)
Use of funds.
An
				applicant receiving financial assistance under the program shall only use the
				funds for the purpose of defraying operating costs actually incurred by the
				service provider in providing business development services to emerging and
				early-stage innovation companies in this state. Financial assistance provided
				under the program shall not be distributed to owners or investors of the
				company to which business development services are provided and shall not be
				distributed to other persons assisting in the provision of business development
				services.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.1 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for establishing rules governing the
				  development of the targeted industries internship program is provided in 2007
				  Iowa Acts, House File 829, section 1(6).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.2 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the targeted industries internship program is
				  to link Iowa students to internship opportunities in small and medium-sized
				  firms in the biosciences, advanced manufacturing and information technology
				  industries and to convert interns into prospective employees.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Board"
means the economic development
				  authority board established in 2011 Iowa Acts, House File 590, section
				  3.
"Committee "
means the technology
				  commercialization committee created by the board pursuant to Iowa Code section
				  15116..
"Community college "
means a community
				  college established under Iowa Code chapter 260C.
"Director "
means the director of the
				  economic development authority.
"Internship "
means temporary employment of
				  a student that focuses on providing the student with work experience in the
				  student's field of study.
"Prospective employee "
means a student who
				  is anticipated to be hired upon graduation.
"Student"
means a student of one of the Iowa
				  community colleges, private colleges, or institutions of higher learning under
				  the control of the state board of regents or a student who graduated from high
				  school in Iowa but attends an institution of higher learning outside the state
				  of Iowa.
"Targeted industry"
means the industries of
				  advanced manufacturing, biosciences, and information
				  technology.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.4 - Program Funding

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The maximum
				award shall not exceed $3,100 for any single internship or $9,300 for any
				single business.
(2) Funds shall
				only be used for reimbursement of wages during the designated internship
				period. Students hired as interns shall be paid at least twice the minimum
				wage.
(3) The authority shall issue
				funds to a business based upon authority approval of a completed application
				and the execution of a contract between the business and the
				authority.
(4) A business may
				receive financial assistance on a matching basis for a portion of the wages
				paid to an intern. If providing financial assistance, the authority shall
				provide the assistance on a reimbursement basis such that for every two dollars
				of wages earned by the student, one dollar paid by the business is matched by
				one dollar from the authority
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.5 - Eligible Business

Current through Register Vol. 47, No. 3, July 24, 2024
The targeted industries internship program is available to
				  Iowa businesses that meet all of the following criteria:
(1) An applicant must be an Iowa-based
				business with fewer than 500 employees, with a significant portion employed
				within the state of Iowa.
(2) An
				applicant must be engaged in one of the targeted industries of biosciences,
				advanced manufacturing or information technology.
(3) An applicant must offer the internship to
				students of Iowa community colleges, private colleges, or institutions of
				higher learning under the control of the state board of regents or to students
				who graduated from high school in Iowa but attend an institution of higher
				learning outside the state of Iowa.
(4) An applicant's summer internships must
				last a minimum of 8 weeks (averaging no less than 30 hours per week), and an
				applicant's semester internships must last a minimum of 14 weeks (averaging no
				less than 10 hours per week).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.6 - Ineligible Business

Current through Register Vol. 47, No. 3, July 24, 2024
The following businesses are not eligible for this
				  program:
(1) A business which is
				engaged in retail sales or which provides health services is
				ineligible.
(2) A business which
				closes or substantially reduces its workforce by more than 20 percent at
				existing operations in order to relocate substantially the same operations to
				another area of the state is ineligible for 36 consecutive months at any of its
				Iowa sites from the date the new establishment opens.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.7 - Eligible Students

Current through Register Vol. 47, No. 3, July 24, 2024
Students must be within one to two years of graduation and
				  enrolled at one of Iowa's community colleges, private colleges, or institutions
				  of higher learning under the control of the state board of regents. A student
				  as defined in this chapter is eligible for an internship under this rule. The
				  authority shall encourage youth who reside in economically distressed areas,
				  youth adjudicated to have committed a delinquent act, and youth transitioning
				  out of foster care to participate in the targeted industries internship
				  program.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.8 - Ineligible Students

Current through Register Vol. 47, No. 3, July 24, 2024
Students who are more than two years from graduation are
				  ineligible. Students who are immediate family members of management employees
				  or board members of the applicant business are ineligible. Students who do not
				  otherwise meet the eligibility requirements described in rule
				  261-1047. (15)
				  are not eligible.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.9 - Application Submittal and Review Process

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The authority shall develop a
				standardized application and make the application available to eligible
				businesses. To apply for assistance under the program, a business shall submit
				an application to the authority. Applications may be sent to the Economic
				Development Authority, 200 East Grand Avenue, Des Moines, Iowa 50309. Required
				forms and instructions are available by contacting the authority at that
				address or from the authority's Web site at
www.iowaeconomicdevelopment.com
.
(2) The application will be reviewed and
				scored by authority staff. The director of the authority will make final
				funding decisions after considering the recommendations of staff. The director
				has final decision-making authority on requests for financial assistance for
				this program. The director may approve, defer or deny an application.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.10 - Application Content and Other Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Applicants must complete an application
				for internship assistance and submit it to the authority. Successful applicants
				must enter into a contract with the authority prior to posting or advertising
				the internship.
(2) If an award is
				made, the business shall secure an intern within the time period stated in the
				contract between IDED and the business.
(3) The application shall include, but not be
				limited to, all of the following:
a. The
				dates and location of the internship.
b. A statement of duties the intern will be
				performing at the business site. The intern is to be involved in a substantive
				experience in one or more of the following areas: research and development;
				engineering; process management and production; product experimentation and
				analysis; product development; market research; business planning and
				administration. The application shall also include information regarding the
				intern's work space (i.e., access to telephone, computer, and other necessary
				items).
c. The name of the
				business's representative who will train and supervise the intern.
d. A statement of the anticipated workforce
				needs at the business, which shall include an explanation of the current
				workforce shortage and identify the intern's potential for prospective
				employment with the business following graduation.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.11 - Selection Process

Current through Register Vol. 47, No. 3, July 24, 2024
Applications will be reviewed in the order received by the
				  authority. The director may approve, defer or deny each application for
				  financial assistance, based on the availability of funds. The authority will
				  score applications according to the criteria specified in rule
				  261-10412.
				  (15). To be considered for funding, an application must receive a minimum score
				  of 65 out of a possible 100 points and meet all other eligibility criteria
				  specified in these rules.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.12 - Application Scoring Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
When applications for financial assistance are reviewed, the
				  following criteria shall be considered:
(1) The intern is involved in a substantive
				experience in one or more of the following areas: research and development;
				engineering; process management and production; product experimentation and
				analysis; product development; market research; business planning and
				administration. 25 points.
(2) The
				explanation of the applicant's anticipated workforce needs and of the intern's
				potential for prospective employment with the business following graduation. 20
				points.
(3) The extent to which the
				internship duties require independent judgment, creativity, and intelligence to
				complete and contribute to the business's goals or processes. 10
				points.
(4) The internship will
				have a positive impact on the intern's skills, knowledge and abilities. 15
				points.
(5) The internship pays
				more than twice the minimum wage. 10 points.
(6) The business's contribution to the
				internship program is above the minimum program match requirement. 10
				points.
(7) Intern applications
				will be accepted from more than one private college, university or community
				college. 5 points.
(8) The
				application documents that all considerations, including funding required to
				begin the internship, have been addressed. 5 points.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 104 - Innovative Businesses Internship Program › Rule 261-104.13 - Contract and Reporting

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Notice of award.
Successful applicants will be notified in
				writing of an award of assistance, including any conditions and terms of the
				approval.
(2)
Contract
				required.
The authority shall prepare a contract, which includes, but
				is not limited to, a description of the internship to be completed; conditions
				to disbursement; required reports; and the repayment requirements imposed in
				the event the business does not fulfill its obligations described in the
				contract and other specific repayment provisions ("clawback" provisions) to be
				established on an individual basis.
(3)
Reporting.
An applicant
				shall submit any information requested by the authority in sufficient detail to
				permit the authority to prepare the report pursuant to 2007 Iowa Acts, House
				File 829, section 10, and any other reports deemed necessary by the authority,
				the board, the general assembly or the governor's office.
(4)
Contract amendments.
The
				board does not need to approve a contract amendment. The director may approve
				contract amendments consistent with 2011 Iowa Acts, House File 590, section
				9.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.2 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The demonstration fund is established to provide financial
				  and technical assistance to encourage high technology prototype and concept
				  development activities that have a clear potential to lead to commercially
				  viable products or services within a reasonable period of time. The primary
				  purpose of the fund is to help businesses with a high-growth potential reach a
				  position where they are able to attract later stage private sector
				  funding.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Board"
means the Iowa economic development
				  board established in Iowa Code section
				  15103..
"Committee
				  "
means the technology commercialization committee created by the
				  board pursuant to Iowa Code section
				  15116..
"Department"
means the Iowa department of
				  economic development.
"Fund"
means the demonstration fund.
"IP "
means intellectual property.
"NAICS"
means the North American Industry
				  Classification System.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.4 - Project Funding

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Awards
				shall be made on a per-project basis upon board approval.
(2) The maximum award shall not exceed
				$150,000 for a single project.
(3)
				Finds may be used for refining a prototype, acquiring managerial expertise,
				purchasing equipment, or creating marketing materials.
(4) Finds may not be used for university
				overhead expenses or any work that was conducted prior to the term of the
				contract by the applicant or any third-party consultant.
(5) The forms of financial assistance may
				consist of, but are not limited to, loans, forgivable loans, grants and such
				other forms of assistance the board deems appropriate and consistent with the
				needs of a given project.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.5 - Matching Funds Requirement

Current through Register Vol. 47, No. 3, July 24, 2024
In order to receive financial assistance, an applicant must
				  demonstrate the ability to secure one dollar of nonstate moneys for every two
				  dollars received from the department.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.6 - Eligible Applicants

Current through Register Vol. 47, No. 3, July 24, 2024
Eligible applicants must be located in Iowa, demonstrate the
				  potential for high growth, and be included in one of the following industries
				  classified by the NAICS:
1.
				Biosciences.
2. Information
				technologies.
3. Advanced
				manufacturing.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.7 - Ineligible Applicants

Current through Register Vol. 47, No. 3, July 24, 2024
The following businesses are not eligible for this
				  fund:
(1) A business which is engaged
				in retail sales or provides health services is ineligible.
(2) A business which closes or substantially
				reduces its workforce by more than 20 percent at existing operations in order
				to relocate substantially the same operation to another area of the state is
				ineligible for 36 consecutive months at any of its Iowa sites from the date the
				new establishment opens.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.8 - Application and Review Process

Current through Register Vol. 47, No. 3, July 24, 2024
(1) An
				eligible business must submit an application for financial and technical
				assistance from the fund to the Iowa Department of Economic Development,
				Innovation and Commercialization Division, 200 East Grand Avenue, Des Moines,
				Iowa 50309, on a form provided by the department. Required forms and
				instructions are available at this address or at the department's Web site
				at
www, iowalifechanging.
				com
.
(2) To
				apply for financial assistance from the fund, a business shall submit an
				application to the department, on a form provided by the department. The
				application will be reviewed by department staff, the committee and the board.
				The committee will make a recommendation to the board about an application. The
				board has final decision-making authority on requests for financial assistance
				from the fund. The board may approve, defer or deny an application.
(3) An application for assistance shall
				include all information required by the department including, but not limited
				to, the following:
a.
Proposed
				product or service.
A description of the proposed product or service,
				the experience of those involved in the proposed project, and the company
				resources.
b.
Market
				research.
A market research analysis that addresses questions such as:
(1) What are the competing or alternative
				technologies?
(2) What is the
				advantage of this new approach?
(3)
				What are the distribution plans?
(4) What is the estimated return on
				investment?
c.
Commercialization.
A description of the key next steps to
				making an impact with the innovation and a description of funding requirements
				necessary to overcome obstacles to success.
d.
Work plan.
A description
				of the strategy and key elements to be funded to address goals of the work
				plan, including project milestones.
e.
Resources and budget.
A
				budget that includes a detailed description of the sources, including the
				required match, and uses of the funds.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.9 - Application Selection Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
In reviewing applications for financial assistance, the
				  committee and board shall consider the following criteria:
(1)
Intellectual property.
How the ownership of the IP is structured. (More points are awarded for greater
				IP control by the business, with the greatest number of points being awarded
				for exclusive IP ownership by the business.)
(2)
Experience.
The
				business's experience in productization and commercialization, and ongoing
				product maintenance.
(3)
Estimate to completion.
a.
				What are the work requirements; how quickly will it be completed?
b. How credible is this estimate relative to
				the business's experience?
c. Does
				the business have the resources to fulfill these requirements?
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 105 - Demonstration Fund › Rule 261-105.10 - Contract and Reporting

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Notice of award.
Successful applicants will be notified in
				writing of an award of assistance, including any conditions and terms of the
				approval.
(2)
Contract
				required.
The department shall prepare a contract, which includes, but
				is not limited to, a description of the project to be completed by the
				business; conditions to disbursement; required reports; the repayment
				requirements imposed on the business in the event the business does not fulfill
				its obligations described in the contract and other specific repayment
				provisions ("clawback" provisions) to be established on a project-by-project
				basis.
(3)
Reporting.
An applicant shall submit any information requested
				by the department in sufficient detail to permit the department to prepare the
				report required pursuant to 2007 Iowa Acts, House File 829, section 10, and any
				other reports deemed necessary by the department, the board, the general
				assembly or the governor's office.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 106 - Small Business Innovation Research and Technology Transfer Outreach Program › Rule 261-106.1 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for adopting rules establishing the small
				  business innovation research and technology transfer outreach program under
				  this chapter is provided in Iowa Code section
				  15.411.