Incentives

Special incentive programs may be available to any new or growing business prospect locating in Clayton County, Iowa.

Federal Incentives

USDA Rural Development
A Business and Industry Loan Guarantee program that has $250,000 targeted to development within Clayton County. Low interest loans can be made up to $10 million per borrower. Eligible borrowers include individuals, public and private organizations. There are no size restrictions on the business.
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Work Opportunity Tax Credit
For Guidance on WOTC Program Status, click here.

Iowa Incentives

 

Business Development
The State of Iowa offers a variety of avenues to assist your business to thrive in Iowa

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Financial Assistance & Tax Incentive Programs
EB-5 Iowa Regional Center
Enterprise Zones
High Quality Jobs
New Jobs Credit
Research Activities Credit
Targeted Jobs Withholding Tax Credit, Pilot Program

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Entrepreneurial & Small Business Assistance

  • Export Trade Assistance
  • Business License Information Center (BLIC)
  • Demonstration Fund
  • Iowa Capital Access
  • Iowa Innovation Acceleration
  • Iowa Small Business Loan Support Program
  • Small Business Credit Initiative Programs
  • Targeted Small Business

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Local Incentives

Local Utilities
Local Utilities work closely with the communities of Clayton County to assist existing and prospective industries. Their participation in projects is driven by the utility load that prospective industries will generate. For a list of utilities serving Clayton County, Iowa, click here.

 

Upper Explorerland Regional Planning Commission Loan Programs
Economic development loans for new and/or expanding businesses and industries; the Clayton County Revolving Loan Fund (brochure) and Intermediary Relending Programs can be utilized.

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Revolving Loan Fund Program
Economic development loans for new and/or expanding businesses and industries;

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Industrial Tax Abatement
Five year, graduated property tax exempt on value added, up to 98%.

 

Tax Increment Financing
A very flexible tool which allows the city to use the increased property tax dollars generated from new development to assist a company. This flexible tool can be used for such things as, but not limited to, land acquisition, machinery and equipment, construction, interest buy downs and local matching funds.

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Historically Underutilized Business ZONE
For a competitive advantage on selling to the government, you need to be in a HUB Zone (Historically Underutilized Business ZONE). The Federal Government, is required to purchase 3% of its federal budget from businesses located in a HUB Zone. To be registered as a businesses there is no cost, just a few computer clicks and meeting the criteria.

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