Financial Incentives

Financial Incentives

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Webster City, located in Hamilton county Iowa, is aggressively seeking jobs that pay a living wage and provide medical benefits.  The area has incentive tools in place to push a project over the top and leverage regional, state, and federal.  Webster City has significant excess water, sewer, and electric capacity, city owned facilities and  land with all utilities, Interstate 35 access as well as cash incentives for qualified new jobs. Let's talk for a few minutes and decide if we should continue the conversation.

Local Assistance

Webster City is flexible in how we can structure a deal.  Whether you need direct financial assistance, a loan guarantee, tax credits or specialized utility rates, we can tailor a package that fits your business needs.  Our offerings include:

  • Job creation and retention incentives

  • Grants

  • Tax Increment Financing (TIF)

  • Property tax abatement

  • Federally tax exempt bonds

  • Loan guarantees

  • Capital Investments

  • Job training funds

  • Low to no interest loans

  • Forgivable loans

  • Land Grants

  • Build to Suit/lease back arrangements

  • Waived utility fees/reduced utility costs

 

Iowa Business Advantages

The State of Iowa offers many business advantages, including:

  • No personal property tax

  • 1% unemployment insurance rate for the first three years

  • No sales and use taxes on manufacturing machinery and equipment

  • No property tax on new industrial machinery, equipment and computers

  • A research tax credit of up to 6.5% of the company's allotted share of qualifying research

Iowa Tax Credits

Iowa has numerous tax credits and incentives for qualifying businesses.  These includes:

  • A corporate tax credit for new jobs created

  • Research activities tax credit

  • Investor tax credits

  • Brownfield/Gray-field tax credit

State Financial Assistance

Iowa also offers financial assistance programs, typically in the form of grants, loans or tax credits.  These assistance programs generally fall under the High Quality Jobs (HQJP) program and are used to support businesses relocating to Iowa or expanding within Iowa.  

 

 
 Downloads
Iowa's Business Advantages
Commercial and Industrial Energy Efficiency Loan Program
 

Do I Qualify?

To find out if you qualify for any of the above programs or credits, or to request additional information, please contact our team