reglab/statecodes huggingface dataset:
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 118 - Strategic Infrastructure Program › Rule 261-118.4 - Program Description, Disbursement of Funds, and Contract Administration

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Program
				description.
The program established in this chapter provides
				financial assistance to certain strategic infrastructure projects. The board,
				after considering the recommendations made by the council, will determine which
				projects to fund and how much should be awarded to each project. The director
				and staff of the authority will collect and process applications from
				applicants, advise the council and the board as to the available program
				funding, and help evaluate whether a proposed project meets the requirements of
				the program. The council will review applications meeting the program
				requirements, score them according to the criteria described in rule
				261-1187.
				(15), and make recommendations to the board as to the completeness of
				applications and as to which projects to fund, how much to award to each
				project, and the type of financial assistance to be provided. While the
				council's recommendations are advisory and are not binding upon the board, the
				board will not take final action on an award unless the council has first
				considered the project, scored it, and made a recommendation. The board may
				approve an award for a project, decline to award a project, or refer a project
				back to the council for further review and recommendation.
(2)
Disbursement of funds.
The authority will disburse funds to a project only after a complete
				application has been received, an award has been recommended by the council and
				approved by the board, a contract has been executed between the applicant and
				the authority, and all applicable conditions for disbursement have been met,
				including the submission of documentation pertaining to the eligible
				expenditures. Disbursement of funds under the contract will be on a
				reimbursement basis for expenses incurred by the applicant as provided under
				the contract.
(3)
Contract
				administration.
The authority will prepare a contract for each project
				receiving an award from the board. The contract will reflect the terms of the
				award and may include other terms and conditions reasonably necessary for
				implementation of the program pursuant to this chapter. Substantial amendments
				to a contract must be approved by the board. The board may refer substantial
				amendments to the council for review and recommendation. Substantial amendments
				include the amount of financial assistance, the length of the contract, whether
				to terminate the contract, and the terms of a settlement following an event of
				default. Other changes or amendments to the contract may be negotiated by the
				authority with the approval of the director.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 118 - Strategic Infrastructure Program › Rule 261-118.5 - Program Eligibility and Application Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
To be eligible for financial assistance under the program, an
				  applicant shall meet all of the following requirements:
(1) The applicant must describe in detail the
				nature, scope, design, and goals of the project, including the relationships of
				the entities and individuals involved, and in addition, the applicant must
				explain how the project fulfills the requirements of each of the subrules in
				this rule. The council and the board will use the description for purposes of
				scoring the project pursuant to rule
				261-1187.
				(15).
(2) The applicant must
				propose to develop a commonly utilized asset that either benefits one or more
				private sector entities or that creates necessary physical infrastructure in
				the state.
(3) The applicant must
				propose to develop a project that is not adequately provided by the public or
				private sectors.
(4) The applicant
				must propose a project that includes vertical infrastructure improvement
				developments, facilities and equipment upgrades, or the redevelopment or
				repurposing of underutilized property or other assets and must describe how and
				to what extent the project will attract additional public or private sector
				investment and how the project will result in broad-based prosperity in the
				state.
(5) The applicant must
				describe the project's proposed financing structure, including the sources of
				funds and the proposed uses of the funds, and must propose the manner in which
				any financial assistance received under the program will be used.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 118 - Strategic Infrastructure Program › Rule 261-118.6 - Application Submittal and Review Process

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The authority will develop a standardized
				application process and make information on applying available to applicants
				with eligible projects. To apply for assistance under the program, an applicant
				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. Other information may also be found on the authority's Internet
				site at www.iowaeconomicdevelopment.com [File Link Not Available] .
(2) The board has final decision-making
				authority on requests for financial assistance for this program. Applications
				will be accepted and processed by authority staff and reviewed and scored by
				the council. Applications will be reviewed in the order received by the
				authority. The authority and the board will consider applications on a
				continuing basis. The board will take final action on all applications for
				financial assistance; however, the authority may refuse to accept incomplete
				applications or may refuse to accept applications because of insufficient
				funds. The council will score applications according to the criteria specified
				in rule
				261-1187.
				(15). There is no minimum score required for funding under the program;
				however, a lower score indicates that the council views the project less
				favorably than a project with a higher score.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 118 - Strategic Infrastructure Program › Rule 261-118.7 - Application Scoring Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
When applications for financial assistance under the program
				  are reviewed, the criteria below will be considered and the application scored
				  as described. When scoring the application according to each of the criteria
				  below, to the extent that a proposed project involves multiple public and
				  private sector entities, for-profit and nonprofit organizations, and economic
				  development and educational institutions, the council will review such
				  partnerships as indicating that a commonly utilized asset is being proposed and
				  therefore may award more points under each criterion. The criteria under which
				  each application will be scored are:
(1) The overall quality of the project,
				especially as reflected in the description and explanation submitted pursuant
				to subrule 118.5(1): 20 points.
For purposes of this subrule, the council will consider a
				  project's estimated economic impact and the extent to which it contributes to
				  the overall quality of the project. The council will also consider the
				  structure of the proposed project and the nature of the partnerships proposed
				  to be formed as part of the proposed project.
(2) The extent to which the commonly utilized
				asset proposed by the project benefits one or more private sector entities and
				the extent to which the commonly utilized asset creates necessary physical
				infrastructure in the state: 20 points.
For purposes of this subrule, more points will be awarded to
				  projects demonstrating greater benefits or benefits to more entities and to
				  projects demonstrating more critical necessary physical infrastructure.
(3) The extent to which the
				proposed project provides benefits that are not adequately provided by the
				public or private sectors: 20 points.
(4) The importance of the vertical
				infrastructure improvement developments, facilities and equipment upgrades, or
				the redevelopment or repurposing of underutilized property or other assets that
				are proposed, the extent to which the proposed project will attract additional
				public or private sector investment, and the likelihood that the project will
				result in broad-based prosperity in the state: 20 points.
(5) The sufficiency of the proposed project's
				financing structure, the feasibility of the sources of funds, and the
				appropriateness of the proposed uses of the funds: 20 points.
For purposes of this subrule, the council will consider a
				  proposed project's overall financing gap and the total amount of funds
				  leveraged from other sources.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 118 - Strategic Infrastructure Program › Rule 261-118.8 - Notice of Award 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 financial assistance, including any conditions and terms
				of the award.
(2)
Reporting.
An applicant receiving assistance under the program
				shall submit any information reasonably requested by the authority in
				sufficient detail to permit the authority to prepare any reports required by
				the authority, 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 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.1 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for adopting rules establishing the
				  manufacturing 4.0 technology investment program is provided in Iowa Code
				  section
				  15.371
				  as enacted by 2021 Iowa Acts, Senate File 619.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.2 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the manufacturing 4.0 technology investment
				  program is to provide financial assistance to projects intended to lead to the
				  adoption of, and integration of, smart technologies into existing manufacturing
				  operations located in the state.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Applicant"
means a business applying for
				  assistance under the program.
"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.
"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.
"Eligible business"
means a business meeting
				  the requirements of rule 261-119.4 (15).
"Employee"
means an individual filling a
				  full-time equivalent job that is part of the payroll of the business receiving
				  financial assistance under this program. "Employee" does not include a
				  business's part-time, leased, or contract employees.
"Financial assistance"
means assistance
				  provided only from the funds, rights, and assets legally available to the
				  authority and includes but is not limited to assistance in the form of grants,
				  loans, forgivable loans, and royalty payments.
"Full-time equivalent job"
or
"full-time"
means the employment of one person:
1. For 8 hours per day for a five-day,
				40-hour workweek for 52 weeks per year, including paid holidays, vacations and
				other paid leave; or
2. The number
				of hours or days per week, including paid holidays, vacations and other paid
				leave, currently established by schedule, custom, or otherwise, as constituting
				a week of full-time work for the kind of service an individual performs for an
				employing unit, provided that the number of hours per week is at least 32 hours
				per week for 52 weeks per year including paid holidays, vacations, and other
				paid leave.
For purposes of this definition, "employment of one person"
				  means the employment of one natural person and does not include "job sharing"
				  or any other means of aggregation or combination of hours worked by more than
				  one natural person.
"Manufacturing 4.0 technology investments"
or
"investments"
means projects that are intended to lead to
				  the adoption of, and integration of, smart technologies into existing
				  manufacturing operations located in the state by mitigating the risk to the
				  manufacturer of significant technology investments. Projects may include
				  investments in specialized hardware, software, or other equipment intended to
				  assist a manufacturer in increasing the manufacturer's productivity,
				  efficiency, and competitiveness.
"Program"
means the manufacturing 4.0
				  technology investment program established in this chapter.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.4 - Program Eligibility

Current through Register Vol. 47, No. 3, July 24, 2024
To be eligible for financial assistance under the program, an
				  applicant shall meet all of the following requirements:
(1) The applicant must propose a
				manufacturing 4.0 technology investment that has not been made prior to the
				date of application.
(2) The
				applicant must manufacture goods at a facility located in Iowa.
(3) The applicant must have a North American
				industry classification system code within the manufacturing sector range
				31-33.
(4) The applicant must have
				been an established business for a minimum of three years prior to the date of
				application to the program. The authority will presume a business was
				established as of the date of incorporation or organization of the applicant
				entity unless an applicant demonstrates to the authority's satisfaction that
				the business was established earlier.
(5) The applicant must derive a minimum of 51
				percent of the applicant's overall revenue from the sale of manufactured
				goods.
(6) The applicant must
				employ a minimum of 3 employees and no more than 75 employees across all of the
				applicant's locations.
(7) The
				applicant must have an assessment of the applicant's proposed manufacturing 4.0
				technology investment completed by the center for industrial research and
				service at Iowa state university of science and technology prior to submission
				of an application.
(8) The
				applicant shall demonstrate the ability to provide matching financial support
				for the applicant's manufacturing 4.0 technology investment on a one-to-one
				basis in the form of cash. The matching financial support must be obtained from
				private sources.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.5 - Application Submittal and Review Process

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The authority will develop a standardized
				application process and make information on applying available on the
				authority's website. To apply for assistance under the program, an applicant
				shall submit an application to the authority in the manner prescribed by the
				authority. The authority will identify specific types of investments for which
				it intends to provide financial assistance on the application form or
				forms.
(2) Applications will be
				accepted and processed by authority staff on a continuing basis, or the
				authority may establish application periods as announced on the authority's
				website. The authority may engage an outside technical review panel to complete
				technical reviews of applications. Applications will be reviewed in the order
				received by the authority.
(3) The
				authority may refuse to accept incomplete applications or may refuse to accept
				applications because of insufficient funds.
(4) The board, after considering the
				recommendations made by authority staff or a technical review panel, will
				determine the financial assistance award if the board determines that financial
				assistance should be awarded. The board has final decision-making authority on
				requests for financial assistance for the program. The board will take final
				action on all applications for financial assistance, except those rejected
				pursuant to subrule 119.5(3). The board may approve an award, decline to award,
				or refer an application back to staff or a technical review panel for further
				review and recommendation. The board will consider applications on a continuing
				basis.
(5) An applicant may submit
				multiple applications. The maximum amount of financial assistance awarded to
				any eligible business under the program for all its applications shall not
				exceed $75,000.
(6) Applicants will
				be notified in writing of an award of financial assistance, including any
				conditions and terms of the award, or of a denial of an award of financial
				assistance.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.6 - Application Scoring Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
(1) When
				applications for financial assistance under the program are reviewed by
				authority staff or a technical review panel, the criteria below will be
				considered and the application scored as described. There is no minimum score
				required for funding under the program. However, a lower score indicates that
				the authority views the application less favorably than an application with a
				higher score.
(2) The criteria
				under which each application will be scored are:
a. The percentage of the applicant business's
				revenue derived from the sale of manufactured goods: 20 points. Applicants who
				derive a higher percentage of revenue from the sale of manufactured goods will
				receive higher scores in this category.
b. The extent to which the manufacturer's
				proposed manufacturing 4.0 technology investment is consistent with the
				opportunities identified in the assessment completed by the center for
				industrial research and service at Iowa state university of science and
				technology pursuant to subrule 119.4(7): 20 points.
c. The extent to which the investment
				integrates smart technologies into existing manufacturing operations: 15
				points.
d. The sufficiency of the
				proposed investment's financing structure, the feasibility of the sources of
				funds, and the appropriateness of the proposed uses of the funds: 15
				points.
e. The extent to which the
				investment will enhance an applicant's workforce: 10 points.
f. The extent to which the applicant has
				planned for long-term use of the manufacturing 4.0 technology investment and an
				overall transition to smart technologies: 10 points.
g. The extent to which the investment
				corresponds to the specific type of investment identified by the authority on
				the application form or forms: 10 points.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.7 - Contract Administration

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The
				authority will prepare a contract for each award approved by the board. The
				contract will reflect the terms of the award and may include other terms and
				conditions reasonably necessary for implementation of the program pursuant to
				this chapter.
(2) Any substantive
				change to a proposed investment shall require an amendment to the contract.
				Amendments shall be requested in writing. No amendment shall be valid until
				approved by the board. The authority may execute nonsubstantive or corrective
				changes to the contract without board approval.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.8 - Disbursement of Funds

Current through Register Vol. 47, No. 3, July 24, 2024
The authority will disburse funds for an investment only
				  after a complete application has been received, an award has been approved by
				  the board, a contract has been executed between the applicant and the
				  authority, and all applicable conditions for disbursement have been met,
				  including the submission of documentation pertaining to the eligible
				  expenditures. Disbursement of funds under the contract will be on a
				  reimbursement basis for expenses incurred by the applicant after the date of
				  application and as provided under the contract.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 119 - Manufacturing 4.0 Technology Investment Program › Rule 261-119.9 - Reporting

Current through Register Vol. 47, No. 3, July 24, 2024
An applicant receiving assistance under the program shall
				  submit any information reasonably requested by the authority in sufficient
				  detail to permit the authority to prepare any reports required by the
				  authority, the board, the general assembly or the governor's
				  office.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VI - Administration Division › Chapter 163 - Division Responsibilities › Rule 261-163.1 - Mission

Current through Register Vol. 47, No. 3, July 24, 2024
The division's mission is to enhance the capacity of the
				  department and staff to proactively address issues affecting economic
				  development in Iowa and be responsive to customers, and to properly administer
				  the resources available to the department for program
				  operations.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VI - Administration Division › Chapter 163 - Division Responsibilities › Rule 261-163.2 - Structure

Current through Register Vol. 47, No. 3, July 24, 2024
The division is comprised of the director's office and
				  general administration.
(1)
Director's office.
The office of the director provides overall
				oversight and management of all operations and programs administered by the
				department as well as providing for the development of strategic and economic
				development plans for the department and the state of Iowa. The office is the
				department's primary liaison with other agencies of state government. Staff in
				the director's office provide services in the following areas: communications,
				legislative liaison, legal, support to the vision Iowa board, and regional
				strategies.
(2)
General
				administration.
Services provided by this area include, but are not
				limited to, accounting, human resource management, technology support,
				investment management, and research and evaluation.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VI - Administration Division › Chapter 165 - Allocation of Grow Iowa Values Fund › Rule 261-165.1 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the grow Iowa values fund is to provide
				  financial assistance for business incentives, marketing efforts, and other
				  programs and activities designed to spur the economy and improve the quality of
				  life of lowans. Moneys in the grow Iowa values fund provide financial
				  assistance for allowable departmental purposes; for state parks pursuant to a
				  plan from the department of natural resources (DNR); for the cultural trust
				  fund; for workforce training and economic development funds of the community
				  colleges; for economic development region initiatives; and for financial
				  assistance to the regents for the University of Northern Iowa, Iowa State
				  University, the University of Iowa, a bioscience organization, and private
				  universities. The rules in this chapter apply to financial assistance awarded
				  from the grow Iowa values fund by the board.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VI - Administration Division › Chapter 165 - Allocation of Grow Iowa Values Fund › Rule 261-165.3 - Grow Iowa Values Fund (2009)

Current through Register Vol. 47, No. 3, July 24, 2024
The grow Iowa values fund (2009) refers to the fund
				  established by Iowa Code chapter 15G as amended by 2009 Iowa Acts, Senate File
				  344. The fund includes moneys appropriated to the department by the general
				  assembly for the fund, payments of interest, repayments of moneys loaned, and
				  recaptures of grants and loans made pursuant to the fund, and all moneys
				  accruing to the department from the department's administration of preexisting
				  programs. Pursuant to Iowa Code section 15G.111 as amended by 2009 Iowa Acts,
				  Senate File 344, section 2, the fund is under the control of and administered
				  by the department.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VI - Administration Division › Chapter 165 - Allocation of Grow Iowa Values Fund › Rule 261-165.5 - Board Allocation of Other Moneys in Fund

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Allocation for administrative and
				operations costs.
In addition to the moneys appropriated to the fund
				for departmental purposes pursuant to Iowa Code section 15 G. 111 as amended by
				2009 Iowa Acts, Senate File 344, section 2, the board may allocate other moneys
				credited to the fund pursuant to Iowa Code section 15G.111 as amended by 2009
				Iowa Acts, Senate File 344, section 2, for department administrative and
				operations costs. The board may allocate a portion of the moneys accruing to
				the fund resulting from preexisting programs that were repealed by 2009 Iowa
				Acts, Senate File 344: CEBA, EVA, VAAPFAP, PIAP, and LCG. Funds may be
				allocated by the board in an amount necessary to fund administrative and
				operations costs of the department. This allocation is in addition to any
				allocations the board makes pursuant to subrule 165.4(1).
(2)
Allocation of other moneys for
				fund purposes.
The board may allocate for other allowable fund
				purposes a portion of the moneys accruing to the fund resulting from
				preexisting programs that were repealed by 2009 Iowa Acts, Senate File 344:
				CEBA, EVA, VAAPFAP, PIAP, and LCG. This allocation is in addition to any
				allocations the board makes pursuant to subrule 165.4(1).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VI - Administration Division › Chapter 165 - Allocation of Grow Iowa Values Fund › Rule 261-165.6 - Annual Fiscal Year Allocations by Board

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Annual fiscal year
				allocations.
At the first scheduled meeting of the board after the
				start of a fiscal year, the board shall take action on each of the following:
a.
Board allocation of appropriation
				to fiind for departmental purposes
-
$32M.
The board
				shall review the department's recommendation for the annual allocation of the
				$32 million (or of such lesser amount if the annual appropriation to the fund
				is less than $50 million) for departmental purposes described in subrule
				165.4(1).
b.
Board
				allocation of other moneys in the fund.
The board shall review the
				department's recommendation for the annual allocation of other moneys in the
				fund as described in rule
				261-1655.
				(15G,83GA,SF344).
c.
Board
				allocation among the six components of the grow Iowa values financial
				assistance program.
The board shall review the department's
				recommendation for the annual allocation among the six components of the grow
				Iowa values financial assistance program described in 261-Chapter 74.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VI - Administration Division › Chapter 165 - Allocation of Grow Iowa Values Fund › Rule 261-165.7 - Applicability of the Grow Iowa Values Financial Assistance Program on or After July 1, 2012

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Effective as of
				July 1, 2012, the grow Iowa values fund and financial assistance program as
				amended by 2009 Iowa Acts, Senate File 344, and elsewhere in these rules
				referred to as IVF(2009), was repealed by 2011 Iowa Acts, chapter 133. The
				repeal took effect on June 30, 2012.
(2) For awards made on or after July 1, 2009,
				and on or before June 30, 2012, the rules applicable to the IVF(2009) shall be
				applicable for purposes of contract administration and closeout of
				projects.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 171 - Supplemental Credit or Points › Rule 261-171.1 - Applicability

Current through Register Vol. 47, No. 3, July 24, 2024
Pursuant to Iowa Code chapter 15A, the department will give
				  additional consideration or additional points in the application of rating or
				  evaluation criteria in providing a loan, grant, or other financial assistance
				  for economic development-related purposes to a business or person that meets
				  the requirements of this chapter. Unless prohibited by state or federal law or
				  rule, department programs using a point system will provide supplementary
				  credit of up to a maximum of ten points for applicants meeting the requirements
				  of this chapter
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 171 - Supplemental Credit or Points › Rule 261-171.2 - Brownfield Areas, Blighted Areas and Distressed Areas

Current through Register Vol. 47, No. 3, July 24, 2024
To be eligible to receive the extra credit points, the person
				  or business shall be located in an area that meets one of the following
				  criteria:
1. The area is a brownfield
				site as defined in Iowa Code section
				15291..
2. The area is a blighted area as defined in
				Iowa Code section
				40317..
3. The area is located in a city or county
				that meets the distress criteria provided under the enterprise zone program in
				Iowa Code section
				15E194., subsection 1
				or 2.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 171 - Supplemental Credit or Points › Rule 261-171.3 - Good Neighbor Agreements

Current through Register Vol. 47, No. 3, July 24, 2024
Pursuant to Iowa Code section
				  15A4.,
				  for any program providing financial assistance for economic development in
				  which the assistance is provided on a competitive basis, a business which
				  enters into a good neighbor agreement shall receive extra consideration of at
				  least ten points or the equivalent.
(1)
Definition.
A good
				neighbor agreement is an enforceable contract between the business and a
				community group or coalition of community groups which requires the business to
				adhere to negotiated environmental, economic, labor, or other social and
				community standards.
(2)
Noncompliance.
A business which fails to abide by the good
				neighbor agreement shall repay all financial assistance received under the
				program.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 171 - Supplemental Credit or Points › Rule 261-171.4 - Iowa Great Places Agreements

Current through Register Vol. 47, No. 3, July 24, 2024
Notwithstanding any restriction, requirement, or duty to the
				  contrary, in considering an application for a grant, loan, or other financial
				  or technical assistance for a project identified in an Iowa great places
				  agreement developed pursuant to Iowa Code section
				  3033C.
				  as amended by 2007 Iowa Acts, House File 647, sections I and 2, a state agency
				  shall give additional consideration or additional points in applying the rating
				  or evaluation criteria to such applications.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 172 - Environmental Law Compliance; Violations of Law › Rule 261-172.2 - Violations of Law

Current through Register Vol. 47, No. 3, July 24, 2024
Financial assistance applications shall be reviewed by the
				  department to determine if the business has a record of violations of the law
				  over a period of time that tends to show a consistent pattern. The business
				  shall provide the department with a report detailing violations of law within
				  the most recent consecutive three-year period prior to application. If the
				  department finds that a business has a record of violations of the law that
				  tends to show a consistent pattern, the business shall not be eligible to
				  receive financial assistance unless the department finds that the violations
				  did not seriously affect public health or safety or the environment, or if the
				  department did find that the violations seriously affected public health or
				  safety or the environment, that there were mitigating circumstances. In making
				  the findings and determinations regarding violations, mitigating circumstances,
				  and whether the business is disqualified for tax incentives and assistance
				  under the program, the department shall be exempt from Iowa Code chapter
				  17A.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 173 - Standard Definitions › Rule 261-173.1 - Applicability

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Current programs.
This chapter shall apply as follows:
a. EZ (enterprise zone) program (261-Chapter
				59). Effective as of July 1, 2014, the EZ program was repealed. See 2014 Iowa
				Acts, House File 2448. The rules adopted in 261-Chapter 59 continue to apply to
				agreements entered into prior to that date. All amendments to this chapter made
				on or after July 1, 2014, shall not apply to agreements entered into under the
				EZ program prior to that date.
b.
				HQJP (high quality jobs program) (261-Chapter 68). This chapter does not apply
				to the HQJP. Terms applicable to the HQJP are incorporated into 261-Chapter 68.
				Chapters referencing this subrule in 261-Part VII, additional application
				requirements and procedures, and 261-Part VIII, legal and compliance, apply to
				the HQJP as described in 261-subrule 68.1(1).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 174 - Wage, Benefit, and Investment Requirements › Rule 261-174.1 - Applicability

Current through Register Vol. 47, No. 3, July 24, 2024
This chapter is applicable to the programs identified in
				  261-1731.
				  (15,15G,83GA,SF344).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 174 - Wage, Benefit, and Investment Requirements › Rule 261-174.2 - Qualifying Wage Threshold Calculations

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Annual
				updates.
The authority will update the qualifying wage thresholds
				described in this chapter annually each fiscal year. The thresholds will take
				effect on September 1 of each fiscal year and remain in effect until August 31
				of the following fiscal year.
(2)
Applicability to applications.
The qualifying wage threshold
				applicable to a project is the threshold in effect on the date the fully
				completed project application for the applicable program is received by the
				authority. If such an application is received but not acted upon by the board
				before the qualifying wage thresholds are updated, the thresholds in effect on
				the date the application was received will remain in effect for a period of
				three months notwithstanding that the thresholds are subsequently updated. The
				authority shall have sole discretion in determining whether an application is
				fully completed.
(3)
Phase-in of large increases.
Notwithstanding the definition of
				laborshed wage in 261-Chapter 173, if the authority updates qualifying wage
				thresholds pursuant to subrule 174.2(1) and determines that, after calculation
				by IWD, the laborshed wage of a laborshed area would increase by more than one
				dollar per hour, the authority will limit the amount of that laborshed area's
				increase for that annual update to one dollar per hour. This subrule will be
				applied at each annual update pursuant to subrule 174.2(1) and will be applied
				by measuring the result of the calculation described in the definition of
				laborshed area against the most recent qualifying wage threshold published
				pursuant to subrule 174.2(1). Thus, this subrule will be applied in such a
				manner as to phase in the full amount of an earlier increase over more than one
				subsequent update. For example, if, at one annual update, a laborshed wage
				would increase by three dollars per hour over the current qualifying wage
				threshold, the authority will limit the amount of the increase in that first
				annual update to one dollar. But if, at the second annual update, the laborshed
				wage calculation performed pursuant to 261-Chapter 173 remains what it was at
				the time of the first annual update, then the authority will apply up to one
				additional dollar at the second annual update, and so on.
(4)
Effective date and
				applicability.
The laborshed-based qualifying wage thresholds were
				effective beginning on July 1, 2012, and the authority will apply the
				provisions of this rule to all qualifying wage threshold calculations made or
				updated on or after that date.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 174 - Wage, Benefit, and Investment Requirements › Rule 261-174.3 - Qualifying Wage Threshold Requirements-prior to July 1, 2009

Current through Register Vol. 47, No. 3, July 24, 2024
The following qualifying wage thresholds apply to awards made
				  on or before June 30, 2009. This rule shall apply to the prior programs and
				  funding sources until such time as the contracts for these prior programs are
				  closed by the authority.
Tax Credit Program
Wage Threshold Requirement
Can benefits value be added to the
							 hourly wage to meet the wage threshold?
EZ
90% of average county wage or average regional wage,
							 whichever is lower
No
HQJC
130% of average county wage
More benefits are available if the wage rate is 160%
							 or higher
Yes
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 174 - Wage, Benefit, and Investment Requirements › Rule 261-174.5 - Qualifying Wage Threshold Requirements-on or After July 1, 2009, and on or Before June 30, 2012

Current through Register Vol. 47, No. 3, July 24, 2024
(1) HQJP and EZ.
				Projects funded through the HQJP or EZ tax credit program shall meet the
				following qualifying wage thresholds:
Tax Credit Program
Qualifying Wage Threshold
							 Requirement
Credit for sufficient benefits?
HQJP
130% of county wage or regional wage, whichever is
							 lower
Yes
EZ
90% of county wage or regional wage, whichever is
							 lower
No
(2)
				Higher wage threshold applies if multiple programs are used in a project.
				Notwithstanding the qualifying wage threshold requirements for each program, if
				a business is a recipient of financial assistance from more than one program
				administered by the authority and the qualifying wage thresholds are not the
				same, the business shall be required to pay the higher qualifying wage for the
				project.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 174 - Wage, Benefit, and Investment Requirements › Rule 261-174.7 - Job Obligations

Current through Register Vol. 47, No. 3, July 24, 2024
Jobs that will be created or retained as a result of a
				  project's receiving state or federal financial assistance or tax credit
				  benefits from the department shall meet the qualifying wage threshold
				  requirements. Jobs that do not meet the qualifying wage threshold requirements
				  will not be counted toward a business's job creation or job retention
				  obligations outlined in the contract between the department and the business. A
				  business's job obligations shall include the business's base employment level
				  and the number of new jobs required to be created above the base employment
				  level.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 174 - Wage, Benefit, and Investment Requirements › Rule 261-174.8 - Benefit Requirements-prior to July 1, 2009

Current through Register Vol. 47, No. 3, July 24, 2024
This rule regarding benefit requirements applies to awards
				  made on or before June 30, 2009. This rule shall apply to the prior programs
				  and funding sources until such time as the contracts for these prior programs
				  are closed by the department.
Program
Benefit Requirement
Deductible Requirements
Is a monetary equivalent to benefits
						  allowed?
Benefits Counted Toward Monetary Equivalent
EZ
80% medical and dental coverage, single
						  coverage only OR the monetary equivalent
$750 maximum for single
						  coverage/ $1500 maximum for family coverage
Yes
-Medical coverage (family portion)
-Dental coverage (family portion)
-Pension/401(k) (company's average
							 contribution)
-Profit-sharing plan
-Life insurance
-Short-/long-term disability insurance
-Vision insurance
-Child care
HQJC
No benefit requirement (If, however, the
						  company does not provide 80% medical and dental coverage for a single employee,
						  the award will be reduced by 10%.)
$750 maximum for single coverage/
						  $1500 maximum for family coverage
No
(Providing 80% medical and dental coverage for a
							 single employee is one of eight qualifying criteria the company may use to
							 qualify for the program. Monetary equivalent of other benefits is not
							 considered.)
Not applicable
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 174 - Wage, Benefit, and Investment Requirements › Rule 261-174.9 - Sufficient Benefits Requirement-on or After July 1, 2009

Current through Register Vol. 47, No. 3, July 24, 2024
To be eligible to receive state financial assistance, project
				  completion assistance, or tax incentives, applicants shall offer sufficient
				  benefits to each FTE permanent position. The applicable sufficient benefits
				  requirement shall be periodically approved by the board to reflect the most
				  current benefits package typically offered by employers.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 174 - Wage, Benefit, and Investment Requirements › Rule 261-174.10 - Capital Investment, Qualifying Investment for Tax Credit Programs, and Investment Qualifying for Tax Credits

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Capital investment.
The department reports on the amount of
				capital investment involved with funded projects. This rule lists the
				categories of expenditures that are included when the department determines the
				amount of capital investment associated with a project.
(2)
Qualifying investment for tax
				credit programs.
For the tax credit programs (EZ and HQJP), there are
				statutorily required minimum investment thresholds that must be met for the
				project to be considered to receive an award. Not all expenditures count toward
				meeting the investment threshold. This rule identifies the categories of
				expenditures that can be included when the amount of investment is calculated
				for purposes of meeting program eligibility threshold requirements.
(3)
Investment qualifying for tax
				credits.
Not all of the expenditures categories used to calculate the
				investment amount needed to meet program threshold requirements qualify for
				purposes of claiming the tax credits. The following table identifies the
				expenditures that do not qualify for tax credits.
Capital Investment1
Qualifying Investment2
Investment Qualifying for Tax
						  Credits3
Land acquisition
Yes
Yes
Yes
Site preparation
Yes
Yes
Yes
Building acquisition
Yes
Yes
Yes
Building construction
Yes
Yes
Yes
Building remodeling
Yes
Yes
Yes
Mfg. machinery & equip.
Yes
Yes
Yes
Other machinery & equip.
Yes
No
No
Racking, shelving, etc.
Yes
No
No
Computer hardware
Yes
Yes
Yes
Computer software
No
No
No
Furniture & fixtures
Yes
Yes
No
Working capital
No
No
No
Research & development
No
No
No
Job training
No
No
No
Capital or synthetic lease
No
Yes
Yes
Rail improvements4
Yes
Yes
Yes
Public infrastructure5
Yes
Yes
Yes
1"Capital investment" is used to
				  calculate project investment on depreciable assets.
2"Qualifying investment" is used
				  to determine eligibility for EZ and HQJC programs.
3"Investment qualifying for tax
				  credits" is used to calculate the maximum available tax credit award for a
				  project.
4"Rail improvements" includes hard
				  construction costs for rail improvements. (These costs are included as part of
				  construction or site preparation costs.)
5"Public infrastructure" includes
				  any publicly owned utility service such as water, sewer, storm sewer or roadway
				  construction and improvements. (These costs are included as part of
				  construction costs.)
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part VII - Additional Application Requirements and Procedures › Chapter 175 - Application Review and Approval Procedures › Rule 261-175.1 - Applicability

Current through Register Vol. 47, No. 3, July 24, 2024
This chapter shall apply to the programs listed in rule
				  261-1731.
				  (15,15G,83GA,SF344) and to other state and federal programs identified in this
				  chapter. This chapter describes the application review and approval procedures
				  and the role of the advisory groups or board committees and identifies the
				  final decision maker for each program.