reglab/statecodes huggingface dataset:
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 68 - High Quality Jobs Program (HQJP) › Rule 261-68.2 - Eligibility Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Community approval.
If
				the qualifying investment is $10 million or more, the community in which the
				business's project is or will be located shall approve by ordinance or
				resolution the project for purposes of receiving tax incentives and assistance
				under this program.
(2)
Relocations and reductions in operations.
a. The business shall not be solely
				relocating operations from one area of the state while seeking state or local
				incentives. A project that does not create new jobs or involve a substantial
				amount of new capital investment shall be presumed to be a relocation. In
				determining whether a business is solely relocating operations for purposes of
				this subrule, the authority will consider whether a letter of support for the
				move has been provided from the affected local community.
b. The business shall not be in the process
				of reducing operations in one community while simultaneously applying for
				assistance under the program.
(1) For
				purposes of this subrule, a reduction in operations within 12 months before or
				after an application for assistance is submitted to the authority will be
				presumed to be a reduction in operations while simultaneously applying for
				assistance under the program.
(2)
				Pursuant to 2021 Iowa Acts, Senate File 619, the authority shall not presume
				that a reduction in operations is a reduction in operations while
				simultaneously applying for assistance as described in subparagraph
				68.2(2)
"b"
(1) with regard to a business that submits an
				application on or before June 30, 2022, if the business demonstrates to the
				satisfaction of the authority that the reduction in operations occurred after
				March 1, 2020, and that the reduction in operations was due to the COVID-19
				pandemic. The authority shall consider whether the benefit of the project
				proposed by a business described in this subparagraph outweighs any negative
				impact related to the business's reduction in operations. A business described
				in this subparagraph shall remain subject to all other eligibility requirements
				of the program.
c. This
				subrule will not be construed to prohibit the business from expanding its
				operations in a community if existing operations of a similar nature in this
				state are not closed or substantially reduced.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 68 - High Quality Jobs Program (HQJP) › Rule 261-68.3 - Application Process and Review

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Application.
The
				authority shall develop a standardized application and make it available to a
				business applying for tax incentives and assistance. The application procedures
				are as follows:
a. The project shall not be
				initiated prior to application. The authority will accept applications only for
				projects proposed to begin after application and board approval.
(1) Any one of the following may indicate
				that a project has been initiated:
1. The
				start of construction of new or expanded buildings;
2. The start of rehabilitation of existing
				buildings;
3. The purchase or
				leasing of existing buildings; or
4. The installation of new machinery and
				equipment or new computers to be used in the operation of the business's
				project.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 68 - High Quality Jobs Program (HQJP) › Rule 261-68.4 - Tax Incentives

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Sales and use tax refund.
Pursuant to Iowa Code section
				15.331A,
				the approved business may claim a refund of the sales and use taxes paid under
				Iowa Code chapter 423 for gas, electricity, water, or sewer utility services,
				tangible personal property, or on services rendered, furnished, or performed to
				or for a contractor or subcontractor and used in the fulfillment of a written
				contract relating to the construction or equipping of a facility of the
				approved business. Taxes attributable to intangible property and furniture and
				furnishings shall not be refunded.
a.
Filing a claim.
To receive the refund, the approved business
				shall file a claim with the department pursuant to the department's applicable
				rules.
b.
Racks, shelving,
				and conveyor equipment.
If the project is the location, expansion, or
				modernization of a warehouse or distribution center, the approved business may
				be entitled to a refund of sales and use taxes attributable to racks, shelving,
				and conveyor equipment.
An approved business that receives a refund or a tax credit
				  in one fiscal year shall not be considered in a succeeding fiscal year. No
				  business shall receive more than $500,000 in refunds or credits pursuant to
				  this paragraph.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 68 - High Quality Jobs Program (HQJP) › Rule 261-68.5 - Project Completion Assistance

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Awards and negotiations.
The authority may award project completion assistance to a business that meets
				the eligibility requirements of the HQJP. All award determinations are subject
				to the requirements of Iowa Code section
				15.335B(3).
				The board, with the assistance of authority staff, will attempt to determine
				the amount of project completion assistance that will ensure successful
				completion of a project, and the board will make a good-faith effort to provide
				only the amount of incentives and assistance necessary to facilitate the
				project's successful completion. The amount, type, and terms of the assistance
				provided typically vary according to the needs of each project, and each award
				is subject to negotiation. The board and the authority will attempt to treat
				similarly situated applicants similarly; however, the amount, type, and terms
				of project completion assistance most appropriate for a given project are
				necessarily dependent on many factors, and awards of project completion
				assistance shall be entirely at the discretion of the board.
(2)
Factors affecting the amount,
				type, and terms of project completion assistance.
When determining an
				award of project completion assistance, the board, with the assistance of
				authority staff, typically considers many factors, including the following:
a. The fiscal impact ratio of the
				project.
b. Whether the amount of
				assistance to be awarded is appropriate to the number of jobs that will be
				created.
c. The availability of
				funding.
d. Whether other forms of
				assistance, including tax incentives, are available.
e. The project's level of need, including
				whether the local community and the private sector are also contributing to the
				success of the project.
f. The
				total amount of funds from other sources that can be leveraged.
g. The quality of the project.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 68 - High Quality Jobs Program (HQJP) › Rule 261-68.5 - Project Completion Assistance

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Awards and negotiations.
The authority may award project completion assistance, in the form of a loan or
				forgivable loan or combination of both, to a business that meets the
				eligibility requirements of the program. All award determinations are subject
				to the requirements of Iowa Code section 15.335B(3). The board, with the
				assistance of authority staff, will determine the appropriate amount of project
				completion assistance, and the board will make a good-faith effort to provide
				only the amount of incentives and assistance necessary to facilitate the
				project's successful completion. The amount, type, and terms of the assistance
				provided typically vary according to the needs of each project, and each award
				is subject to negotiation. The board and the authority will strive to treat
				similarly situated applicants in a like manner. However, the amount, type, and
				terms of project completion assistance most appropriate for a given project are
				necessarily dependent on many factors, and awards of project completion
				assistance shall be entirely at the discretion of the board.
(2)
Factors affecting the amount,
				type, and terms of project completion assistance.
When determining an
				award of project completion assistance, the board, with the assistance of
				authority staff, typically considers the following factors:
a. The fiscal impact ratio of the
				project.
b. Whether the amount of
				assistance to be awarded is appropriate to the number of jobs that will be
				created.
c. The availability of
				funding.
d. Whether other forms of
				assistance, including tax incentives, are available.
e. The project's level of need, including
				whether the local community and the private sector are also contributing to the
				success of the project.
f. The
				total amount of funds from other sources that can be leveraged.
g. The quality of the project.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 68 - High Quality Jobs Program (HQJP) › Rule 261-68.7 - Job Counting

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Overview.
The authority will count created and retained jobs
				using a base employment analysis comparing the base employment level to
				employment at another date. The business's base employment level will be
				established at the time of application for the program. The number of jobs the
				business has pledged to create shall be in addition to the base employment
				level. Retained jobs may be included in the base employment level as
				established at the time of approval.
(2)
Base employment level.
a. Base employment level will include the
				number of full-time equivalent positions employed at the project location. If
				the project occurs at more than one physical location, the business's base
				employment level will include the total number of full-time equivalent
				positions working at the identified locations. Base employment level may
				include the business's full-time equivalent positions as identified by the
				authority who are employed in this state but are not employed at the project
				location.
b. If a business receives
				multiple awards for projects at the same location, the base employment level
				will be calculated by using the payroll document from the oldest award that is
				open. Job obligations from each new award will be added to this base employment
				level.
c. The authority will
				collect payroll documents to calculate and verify base employment level used in
				each award. Payroll documents must include a name or employee identification
				number and the hourly rate of pay for all full-time equivalent
				positions.
d. If the base
				employment level includes retained jobs, the authority will require a business
				to verify that a job is at risk. Such verification may include the signed
				statement of an officer of the business, documentation that the business is
				actively exploring other sites for the project, or any other information the
				authority may reasonably require during the application review process to
				establish that a job is at risk.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 68 - High Quality Jobs Program (HQJP) › Rule 261-68.8 - Authority Procedure for Establishing Wage Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
Created or retained jobs shall meet the qualifying wage
				  threshold requirements as established pursuant to this rule and as indicated in
				  an agreement entered into pursuant to Iowa Code section
				  15.330. Jobs that do not meet
				  the qualifying wage threshold requirements will not be counted toward a
				  business's job creation or job retention obligations.
(1) The authority will update the qualifying
				wage thresholds 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. If the authority determines that the laborshed wage of a
				laborshed area would increase by more than one dollar per hour, the authority
				will limit the increase to the qualifying wage threshold for that laborshed
				area for that annual update to one dollar per hour.
(2) The authority will calculate the
				laborshed wage as follows:
a. The most current
				covered wage and employment data available from the department of workforce
				development will be used.
b. The
				wage will be computed as a mean wage figure and represented in terms of an
				hourly wage rate.
c. Only the wages
				paid by employers for jobs performed within the first two zones of a laborshed
				area will be included.
d. The wages
				paid by employers in the following categories will be excluded from the
				calculation: government, retail trade, health care and social assistance, and
				accommodations and food service. The wages paid by employers in all other
				categories will be included in the calculation.
e. To the extent that a laborshed area
				includes zip codes from states other than Iowa, the wages paid by employers in
				those zip codes may be included if the department of workforce development has
				finalized a data-sharing agreement with the state in question and has received
				the necessary data.
f. Only those
				wages within two standard deviations from the mean wage will be
				included.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 68 - High Quality Jobs Program (HQJP) › Rule 261-68.9 - Authority Procedure for Establishing Investment Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Capital
				investment.
The authority reports on the amount of capital investment
				involved with funded projects. This rule lists the categories of expenditures
				that are included when the authority determines the amount of capital
				investment associated with a project.
(2)
Qualifying investment for tax
				credit programs.
Minimum investment thresholds 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 the program.
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 IV - Business Development Division › Chapter 71 - Targeted Jobs Withholding Tax Credit Program › Rule 261-71.2 - Eligibility Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
An eligible city may apply to the authority to be designated
				  as a pilot project city. An eligible city is a city that contains three or more
				  census tracts and is located in a county meeting one of the following
				  requirements:
1. A county that borders
				Nebraska.
2. A county that borders
				South Dakota.
3. A county that
				borders a state other than Nebraska or South Dakota.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 71 - Targeted Jobs Withholding Tax Credit Program › Rule 261-71.3 - Pilot Project City Application Process and Review

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Application.
The
				authority shall develop a standardized application and make the application
				available to eligible cities. The application procedures are as follows:
a. An eligible city seeking approval as a
				pilot project city will submit an application to the authority. The authority
				shall determine if the application is complete.
b. The authority will review the application
				and consider the following criteria:
(1) Need
				for pilot project status. The city shall demonstrate why status as a pilot
				project city is necessary, including how the city will utilize the program to
				attract and retain employers.
(2)
				Planned and current projects. The city shall provide information on planned and
				current economic development projects that are taking place or will take place
				in a pilot project city. The city shall demonstrate its ability to enter into a
				withholding agreement with an eligible business within one year of the city's
				approval as a pilot project city.
(3) Use of withholding funds. If approved as
				a pilot project city, the city shall indicate how the city plans to utilize
				withholding funds generated from the program. The city shall provide an
				estimate of the number of withholding agreements the city anticipates
				executing, the amount of withholding funds the city expects to generate as a
				result of the program, and the investment to be leveraged by use of the
				program.
(4) Matching funds. The
				city shall identify its ability to provide matching funds for projects
				involving withholding credits, including the potential sources of matching
				funds.
c. A resolution
				of support from the city applying for approval as a pilot project city is
				required as part of the application. This resolution shall include approval of
				the submission of the application to the authority for status as a pilot
				project city.
d. The authority may
				request additional information from a city that is applying for pilot project
				city status or may use other resources to obtain the needed
				information.
e. Applications filed
				on or after October 1, 2006, shall not be considered.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 71 - Targeted Jobs Withholding Tax Credit Program › Rule 261-71.4 - Withholding Agreements

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Designated account.
An approved pilot project city may provide
				by city resolution for the deposit of funds generated through withholding
				agreements into a designated withholding project fund under the targeted jobs
				withholding tax credit program.
(2)
Entering into a withholding agreement.
a.
Agreement between a pilot project
				city, the authority, and a business.
The authority and a pilot project
				city may enter into a withholding agreement with a business locating to the
				community from another state that is creating or retaining targeted jobs in a
				pilot project city. The authority and a pilot project city may enter into a
				withholding agreement with a business currently located in Iowa only if the
				business is creating or retaining at least ten jobs or making a qualifying
				investment of at least $500,000 within the pilot project city.
b.
Total amount of withholding tax
				credits.
The withholding agreement shall provide for the total amount
				of withholding tax credits awarded, as negotiated by the economic development
				authority, the pilot project city, and the employer. An agreement shall not
				provide for an amount of withholding tax credits that exceeds the amount of
				qualifying investment made in the project.
c.
Ineligibility if there is
				competition between pilot project city and non-pilot project city.
A
				withholding agreement shall not be entered into with an employer not already
				located in a pilot project city when another Iowa community is competing for
				the same project and both the pilot project city and the other Iowa community
				are seeking assistance from the authority.
d.
Option of a business to enter into
				withholding agreement.
A business shall not be obligated to enter into
				a withholding agreement with a pilot project city and the authority.
e.
Board approval of withholding
				agreements.
Prior to entering into a withholding agreement with a
				business, a pilot project city shall request board approval of the withholding
				agreement. The process for requesting approval from the board is described in
				subrule 71.5(1).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 71 - Targeted Jobs Withholding Tax Credit Program › Rule 261-71.5 - Project Approval

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Request for board approval of withholding agreement.
a.
Request for approval
				form.
Prior to entering into a withholding agreement with an employer
				and the authority, a pilot project city must receive approval from the board,
				on behalf of the authority. The authority shall develop a standardized form to
				be used by pilot project cities to request board approval of a proposed
				withholding agreement. To request board approval of a proposed withholding
				agreement, a pilot project city shall submit the standardized form to the
				authority with the following information:
(1)
				A general description of the project, including how the pilot project city will
				utilize withholding funds generated by the project.
(2) Base employment of the number of
				full-time equivalent positions at a business as established by the authority
				and the pilot project city, using the business's payroll records, as of the
				date that a business files an application with a pilot project city for
				financial assistance under the program.
(3) Information regarding the number of
				targeted jobs in the project, the wages of the targeted jobs, and the types of
				jobs created by the project.
(4) A
				budget for the project, showing the total project cost, the amount of local
				matching funds committed to the project, and the amount of withholding funds
				the pilot project city will receive from the project.
(5) A letter or resolution of support from
				the local government showing support for the project.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 71 - Targeted Jobs Withholding Tax Credit Program › Rule 261-71.6 - Reporting Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Required reports.
a. At the
				time the pilot project city submits its budget to the department of management,
				the pilot project city shall submit to the department of management and the
				authority a description of the activities involving the use of withholding
				agreements. The description shall include, but not be limited to, the
				following:
(1) The total number of targeted
				jobs associated with withholding agreements and the wages of those targeted
				jobs.
(2) A breakdown of the number
				of targeted jobs that are associated with Iowa business expansions or
				retentions within the city limits of the pilot project city and the number of
				targeted jobs resulting from out-of-state businesses moving to or expanding in
				Iowa.
(3) The number of withholding
				agreements and the amount of withholding credits associated with those
				agreements.
(4) The types of
				businesses that entered into withholding agreements with the city and the types
				of businesses that declined the city's proposal to enter into a withholding
				agreement with the city.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 71 - Targeted Jobs Withholding Tax Credit Program › Rule 261-71.7 - Applicability

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Except as
				provided in rule
				261-712.
				(403), this chapter applies to withholding agreements entered into on or after
				July 1, 2013, in accordance with 2013 Iowa Code section
				40319A.
				as amended by 2013 Iowa Acts, Senate File 433. Withholding agreements entered
				into prior to July 1, 2013, shall be governed by this chapter as it existed
				prior to the enactment of 2013 Iowa Acts, Senate File 433.
(2) Paragraph 71.6(1)
"b"
applies to withholding agreements entered into prior to July 1, 2013, or
				entered into on or after July 1, 2013.
(3) The authority will work with pilot
				project cities and businesses to amend existing agreements to reflect the
				requirements of subrule 71.7(2) of this rule.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 72 - Iowa Export Trade Assistance Program › Rule 261-72.1 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the Iowa export trade assistance program is to
				  promote the development of international trade activities and opportunities for
				  exporters in the state of Iowa through encouraging increased participation in
				  international trade shows and trade missions by providing financial assistance
				  to successful applicants.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 72 - Iowa Export Trade Assistance Program › Rule 261-72.2 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Authority"
means the Iowa economic
				  development authority.
"Exporter"
means a person or business that
				  sells one of the following outside of the United States:
* A manufactured product.
* A value-added product.
* An agricultural product.
* A service.
"Sales representative"
means a contracted
				  representative of an Iowa firm with the authority to consummate a sales
				  transaction.
"Trade mission"
means a mission event led by
				  the authority or designated representative. Qualified trade missions must
				  include each of the following:
* Advanced operational and logistical planning.
* Advanced scheduling of individualized appointments with
				  prequalified prospects interested in participants' product or service being
				  offered.
* Background information on individual prospects prior to
				  appointments. Trade missions may also include:
* In-depth briefings on market requirements and business
				  practices for the targeted country.
* Interpreter services.
* Development of a trade mission directory prior to the event
				  containing individual company data regarding the Iowa company and the products
				  being offered.
* Technical seminars delivered by the mission
				  participants.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 72 - Iowa Export Trade Assistance Program › Rule 261-72.3 - Eligible Applicants

Current through Register Vol. 47, No. 3, July 24, 2024
The export trade assistance program is available to Iowa
				  firms either producing or adding value to products, or both, or providing
				  exportable services in the state of Iowa. To be eligible to receive trade
				  assistance, applicants must meet all five of the following criteria:
1. Be an entity employing fewer than 500
				individuals, 75 percent or more of whom are employed within the state of
				Iowa,
2. Exhibit products or
				services or samples of Iowa manufactured, processed or value-added products or
				agricultural commodities in conjunction with an international trade show or
				trade mission,
3. Have at least one
				full-time employee or sales representative participate in the trade show or
				participate in the trade mission,
4. Provide proof of deposit or executed
				payment agreement for a trade show, or payment of the trade mission
				participation fee, and
5. Be
				considered by the authority as compliant with past ETAP contractual
				agreements.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 72 - Iowa Export Trade Assistance Program › Rule 261-72.4 - Eligible Reimbursements

Current through Register Vol. 47, No. 3, July 24, 2024
The authority's reimbursement to approved applicants for
				  assistance shall not exceed 75 percent of eligible expenses. Total
				  reimbursement shall not exceed $4,000 per event. Payments will be made by the
				  authority on a reimbursement basis upon submission of proper documentation and
				  approval by the authority of paid receipts received by the authority.
				  Reimbursement is limited to the following types of expenses:
(1)
Trade shows.
a. Space rental.
b. Booth construction at show site.
c. Booth equipment or furniture
				rental.
d. Shipping costs
				associated with shipment of equipment or exhibit materials to the participant's
				booth and return.
e. Booth utility
				costs.
f. Interpreter fees for the
				duration of the trade show.
g. Per
				diem (lodging and meals) for the day immediately before the opening day of the
				trade show through the day immediately after the closing day of the trade show;
				per diem is calculated at 50 percent of the rate schedules provided by the U.S.
				Department of State for travel in international areas; and per diem will be
				paid for only one sales representative.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 72 - Iowa Export Trade Assistance Program › Rule 261-72.5 - Applications for Assistance

Current through Register Vol. 47, No. 3, July 24, 2024
The application for assistance shall be available on the
				  authority's website. To qualify for the export trade assistance program, the
				  applicant shall:
(1) Complete the
				export trade assistance program's application form and submit it to the
				authority prior to trade event participation. Successful applicants will be
				required to enter into a contract for reimbursement with the authority prior to
				trade event participation.
(2)
				Exhibit products or services or samples of Iowa products in conjunction with an
				international trade show or trade mission.
(3) Have in attendance at the trade show or
				trade mission at least one full-time employee or sales representative of the
				applicant.
(4) Pay all expenses
				related to participation in the trade event and submit eligible, documented
				expenses for reimbursement from the authority.
(5) Complete the final report form and submit
				it to the authority before final reimbursement can be made.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 72 - Iowa Export Trade Assistance Program › Rule 261-72.6 - Selection Process

Current through Register Vol. 47, No. 3, July 24, 2024
Applications will be reviewed in the order received by the
				  authority. Successful applicants will be funded on a first-come, first-served
				  basis to the extent funds are available. When all funds have been committed,
				  applications shall be held in the order they are received. In the event that
				  committed funds are subsequently available, the applications shall be processed
				  in the order they were received for events that have not yet
				  occurred.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 72 - Iowa Export Trade Assistance Program › Rule 261-72.7 - Limitations

Current through Register Vol. 47, No. 3, July 24, 2024
A participant in the export trade assistance program shall
				  not utilize the program's benefits more than three times during the state's
				  fiscal year. Participants shall not utilize export trade assistance program
				  funds for participation in the same trade show more than two times.
				  Participants shall not utilize export trade assistance program funds for
				  participation in multiple trade shows in the same country during the same state
				  fiscal year.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 72 - Iowa Export Trade Assistance Program › Rule 261-72.8 - Forms

Current through Register Vol. 47, No. 3, July 24, 2024
The following forms are available from the authority and will
				  be used by the authority in the administration of the export trade assistance
				  program:
1. ETAP application
				form,
2. ETAP final report (claim)
				form,
3. Grant agreement.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 75 - Opportunities and Threats Program › Rule 261-75.1 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the opportunities and threats program is to
				  fund projects that present a unique opportunity for economic development in the
				  state of Iowa or projects that address a situation constituting a threat to
				  continued economic prosperity in Iowa.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 75 - Opportunities and Threats Program › Rule 261-75.2 - Administrative Procedures

Current through Register Vol. 47, No. 3, July 24, 2024
The opportunities and threats program is subject to the
				  requirements of the department's rules located in 261-Part VII, additional
				  application requirements and procedures, and 261-Part VIII, legal and
				  compliance. Part VII and Part VIII include standard definitions, standard
				  program requirements, application review and approval procedures, contracting,
				  contract compliance and job counting, and annual reporting
				  requirements.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 75 - Opportunities and Threats Program › Rule 261-75.3 - Eligible Applicants

Current through Register Vol. 47, No. 3, July 24, 2024
An eligible applicant may be a business, an individual, a
				  development corporation, a nonprofit organization, a council of government as
				  defined in Iowa Code section 28H. 1, or a political subdivision in the state of
				  Iowa.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 75 - Opportunities and Threats Program › Rule 261-75.4 - Review Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
When applications are reviewed, the following shall
				  apply:
(1) A project shall not be
				eligible for financial assistance under another state program. If a project is
				eligible for assistance under another state program, then the project shall not
				be eligible for funding under this program.
(2) The project must represent a unique
				economic development opportunity or involve a unique threat to economic
				development in the state of Iowa.
(3) An applicant must demonstrate that any
				financial assistance received under this program leverages additional public or
				private funds.
(4) An applicant
				must demonstrate that the project will lead to a positive economic impact for
				the state of Iowa.
(5) An applicant
				must demonstrate financial need for assistance. Financial need may be
				demonstrated with financial statements, narrative statements outlining the
				financial need, and any other documentation that demonstrates financial need or
				that is requested by the department.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 75 - Opportunities and Threats Program › Rule 261-75.5 - Award Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
An award made under this program shall not exceed 50 percent
				  of the total project cost. The minimum award amount is $25,000. The maximum
				  award amount is $250,000 per fiscal year The board may award an amount in
				  excess of $250,000 if that award is made over multiple fiscal years and the
				  amount committed for each fiscal year within the multiyear award does not
				  exceed $250,000.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 75 - Opportunities and Threats Program › Rule 261-75.6 - Applicability of the Opportunities and Threats 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 opportunities and
				threats program shall be applicable for purposes of contract administration and
				closeout of projects.
(3) A
				contract amendment will not be allowed if such an amendment would increase the
				amount of assistance to be provided under the contract.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 76 - Aggregate Tax Credit Limit for Certain Economic Development Programs › Rule 261-76.1 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for establishing rules governing the aggregate
				  tax credit limit for certain economic development programs under this chapter
				  is Iowa Code sections
				  15106A.
				  and
				  15119..
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 76 - Aggregate Tax Credit Limit for Certain Economic Development Programs › Rule 261-76.2 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the aggregate tax credit limit for certain
				  economic development programs is to limit the amount of tax credits awarded
				  during a fiscal year.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 76 - Aggregate Tax Credit Limit for Certain Economic Development Programs › Rule 261-76.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Authority" means the economic development authority.
"Board" means the members of the board in whom the powers of
				  the authority are vested pursuant to Iowa Code chapter 15.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 76 - Aggregate Tax Credit Limit for Certain Economic Development Programs › Rule 261-76.4 - Tax Credit Cap-exceeding the Cap-reallocation of Declinations

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Maximum
				aggregate limit on tax credits.
Except as provided in subrule 76.4(2),
				the authority shall not authorize for any one fiscal year an amount of tax
				credits that is in excess of $170 million.
(2)
Exceeding the cap.
The
				authority may authorize an amount of tax credits during a fiscal year that is
				in excess of the amount specified in subrule 76.4(1), but the amount of such
				excess will not exceed 20 percent of the amount specified in subrule 76.4(1)
				and will be counted against the total amount of tax credits that may be
				authorized for the next fiscal year.
(3)
Reallocation of
				declinations.
Any amount of tax credits authorized and awarded during
				a fiscal year for a program specified in Iowa Code section
				15.119(2)
				 which is irrevocably declined by the awarded
				business on or before June 30 of the next fiscal year may be reallocated,
				authorized, and awarded during the fiscal year in which the declination occurs.
				Tax credits authorized pursuant to this subrule will not be considered for
				purposes of subrule 76.4(2).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 76 - Aggregate Tax Credit Limit for Certain Economic Development Programs › Rule 261-76.5 - Allocating the Tax Credit Cap

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Procedure for allocations.
At a scheduled meeting of the board
				prior to the start of a fiscal year, the board will allocate a portion of the
				tax credits available under the cap to the applicable programs. The board is
				not required to allocate a portion of the cap to every program listed. The
				board may allocate a portion of the cap to be shared by programs with a common
				purpose. Throughout the fiscal year, the board may review the allocation as
				necessary but shall review the allocation at least one time during the fiscal
				year. Based on its review, the board may make adjustments to the allocation as
				deemed necessary.
(2)
Required suballocations.
Iowa Code section
				15.119
				requires the authority to make certain suballocations to the programs subject
				to the cap. In some cases, there is a minimum required suballocation and in
				others a maximum suballocation. The authority will make the required
				suballocations and count them against the maximum aggregate cap before making
				any discretionary allocations.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 76 - Aggregate Tax Credit Limit for Certain Economic Development Programs › Rule 261-76.6 - Reporting to the Department of Revenue

Current through Register Vol. 47, No. 3, July 24, 2024
The authority shall submit an initial report to the
				  department of revenue by August 15 of each year, which shows the initial
				  allocation of the maximum aggregate tax credit cap. At the start of each
				  subsequent fiscal year, the authority shall prepare a report to summarize the
				  final allocation for the fiscal year that just ended, the total amount of
				  awards made under each program subject to the cap during that fiscal year, and
				  the initial allocation for the subsequent fiscal year.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 77 - Site Development Program › Rule 261-77.1 - Purposes

Current through Register Vol. 47, No. 3, July 24, 2024
The purposes of the site development program are to establish
				  an inventory of sites in Iowa that may be suitable for development or
				  redevelopment and to provide consultation to local governments about site
				  development techniques.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 77 - Site Development Program › Rule 261-77.2 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for establishing this program is provided in
				  Iowa Code section
				  15E18.
				  and 2010 Iowa Acts, chapter 1184, section 37.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 77 - Site Development Program › Rule 261-77.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Applicant"
means the entity that submits an
				  application to the department for a certificate of readiness for a site
				  development area or areas.
"Certificate of readiness"
means a
				  certificate issued to a local government or local economic development official
				  for a site that is determined to be ready for development or redevelopment
				  based on criteria set forth in rule
				  261-7713.
				  (15E).
"Department"
means the Iowa department of
				  economic development.
"Site development area "
means property that
				  is included as part of a site development plan and that is to be used or
				  proposed to be used for development or redevelopment.
"Site development techniques "
means
				  environmental evaluations, property and wetland delineation, and historical
				  evaluations.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 77 - Site Development Program › Rule 261-77.11 - Eligibility

Current through Register Vol. 47, No. 3, July 24, 2024
Eligible applicants may apply to the department for a
				  certificate of readiness which verifies that a particular site is ready for
				  development or redevelopment. Eligible applicants include local governments or
				  local economic development officials.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 77 - Site Development Program › Rule 261-77.12 - Application; Review; Approval

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Application.
All requests for a certificate of readiness for a
				site development area shall be made using the application provided by the
				department. The application shall include at least the following information:
a. Applicant information, including name,
				address, telephone number and contact person.
b. Legal description of the site development
				area(s).
c. Identification of the
				property owner(s) related to the site development area(s).
d. Detailed site development plan(s) for the
				site development area(s).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 77 - Site Development Program › Rule 261-77.13 - Evaluation Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
General.
When evaluating applications for certificates of
				readiness, the department will consider the following criteria:
a. The thoroughness and detail of the site
				development plan.
b. The site
				development plan's regard for compliance with applicable regulations, including
				without limitation land-use and zoning restrictions or environmental or
				cultural protections.
c. The
				presence of viable transportation infrastructure.
d. The presence of viable utility
				infrastructure.
e. The presence of
				viable vertical infrastructure, as defined in Iowa Code section
				857.,
				which includes existing land acquisition and construction, major renovation and
				major repair of buildings, all appurtenant structures, utilities, site
				development, and recreational trails.
f. The geologic and natural characteristics
				of the site development area(s) including the proximity or inclusion of any
				floodplains.
g. The ownership and
				control of the site development area(s).
h. Demonstrated support, including without
				limitation financial and local support, for the site development
				plan.