The Department is committed to transparent, accountable administration of its direct
financial assistance and tax credit programs. This Report was prepared with the
goal of providing information in a clear, consistent and easily understandable format.
Meeting Statutory Reporting Requirements
This section of the 2009 IDED Annual Report is intended to meet the Department’s
statutory reporting requirements for identified programs. It also includes voluntary
reporting on other job creation programs administered by the Department.
This Report is submitted to meet the following legislative reporting requirements:
(2009) Iowa Code §15.104(9) "b"
Iowa Values Fund (IVF(2005)
(2009) Iowa Code §15.104(9) "j"
Iowa Values Fund (IVF(2005) Renewable Fuel Infrastructure Programs
(2009) Iowa Code §15.104(9) "a"
High Quality Job Creation (HQJC) Program
Community Economic Betterment Account (CEBA) Program
IDED is voluntarily reporting on the performance of projects assisted with the following
2004 Iowa Acts, 1st Ex, Chapters 1001 and 1002
Iowa Values Fund (FES)
Iowa Code §15E.191-15E.197
Enterprise Zone (EZ) Program
Iowa Code §15.175
Physical Infrastructure Assistance Program (PIAP)
Iowa Code §15.338 - 15.339
Iowa Code §15E.221-15E.227
Loan and Credit Guarantee Program (LCG)
Federal block grant CDBG program, Economic Development Setaside Program
New Jobs and Income Program *repealed eff. 7/1/05
New Capital Investment Program *repealed eff. 7/1/05
Direct financial assistance – state programs
When a business receives “direct financial assistance,” it means that
the award is in the form of a loan, forgivable loan, grant or royalty agreement.
This Report includes awards from these programs:
Direct financial assistance - state funding sources
The Department has three main sources from which it can make a direct financial
assistance award. This Report includes awards from these funding sources:
State tax credit programs
When a business receives a “tax credit award,” it means that the business
is authorized to claim certain specific tax credit benefits (e.g., sales and use
tax refund, investment tax credit and research activities credit). The credit offsets
income tax liability and a refund returns taxes paid that are associated with a
funded Project. This Report includes awards from these tax credit programs:
Federal job creation program
One federally funded job creation program is included in this Report because it
is often times part of a Project that is also receiving State financial assistance
or a tax credit award. Under this program, a grant is awarded to a City or County
on behalf of a business. This Report includes awards from this federal program:
Economic Development Set-Aside (EDSA) Program