IDED Annual Report

Targeted Jobs Withholding Tax Credit Pilot Program

The Targeted Jobs Withholding Tax Credit Pilot Program is a pilot program enacted in 2006 which allows the diversion of withholding funds paid by an employer to be matched by a designated “pilot” city to create economic incentives that can be directed toward the growth and expansion of targeted businesses located within Urban Renewal areas.

An approved “pilot” city may enter into a withholding agreement: 1) with a business that is locating to its community from another state and is creating targeted jobs within an urban renewal area; or 2) an existing Iowa business that is creating ten new targeted jobs or makes a qualifying investing of $500,000 within an urban renewal area.

• Access the full Targeted Jobs Withholding Tax Credit Pilot Program Report [PDF: 19k]