Local Financial Resources
PCEDC Revolving Loan
PCEDC offers low-interest loans for business startups and expansions. Businesses may apply for a 5 year, 2% loan for up to $25,000. Contact our office to learn more and to fill out an application.
Pocahontas Revolving Loan
The City of Pocahontas administers a revolving loan fund that is designed to encourage new development or expand development activities in the City of Pocahontas. Call 712.335.4841 for more information.
MIDAS Revolving Loan
MIDAS Council of Government's administers a revolving loan fund that is designed to encourage new or expanded development activities in the north central Iowa counties of Calhoun, Hamilton, Humboldt, Pocahontas, Webster and Wright. Call .515.576.7183 for more details.
Tax abatement is the exemption of all or part of the increase in the value of real property resulting from new construction or expansion of existing buildings, for a specified period of time. For more detailed information, review Enterprise Zone benefits.
Small Business Administration Loan
The Small Business Administration (SBA) works with lenders to provide loans to small businesses and reduce risk for lenders. Call 515-284-4560 for more information.
Corn Belt Cooperative Revolving Loan Fund
The Revolving Loan Fund has been established to help create jobs and build the rural economy within 25 counties in North Central Iowa. Please call Brittany Dickey at 515-332-7715 or email [email protected] for more information.
IADG Energy Bank RLF
Finance energy efficiency and renewable energy projects through the IADG Energy Bank. With qualified energy improvement projects, facilities need no upfront or additional capital. Loan payments can be flexibly arranged to meet your energy savings
Resources & Links
- Pocahontas County Revolving Loan Application
- Growing Your Business in Pocahontas County Brochure
- Information & Resources to Start/Grow Your Business in Pocahontas County
- 10 Steps to Starting a Business in Iowa
- Market Research & Competitive Analysis
- Iowa SBDC Startup Packet
- Small Business Workshop Calendar
- More Useful Links for Small Businesses
Programs, Partners, & Resources
The Small Business Development Center can help businesses with business planning, marketing, financial planning and projections, and more. Set up an appointment to get started.
The Iowa Workforce Development office has numerous resources for both individuals and employers.
ISU Extension and Outreach
Iowa Community Indicators Program (ICIP): Provides data and research on local economic, demographic, and social trends for businesses and communities
Retail Trade Analysis: Reports of recent historical trends in the local retail trade sector
Ag Marketing Resource Center (AgMRC): Resource for producers interested in value-added agriculture
Pappajohn Center for Entrepreneurship
The Pappajohn Center brings together the people and ideas necessary for launching and growing successful enterprises. They also provide assistance and resources to aid the development process and support the entire launch of the new venture.
Center for Business Growth & Innovation
Advance Iowa: Pairs business owners with advisors
Business Concierge: Connects entrepreneurs with the right public sector organization
Dream Big Grow Here: Competitive grants to help businesses start or grow
Innovation Incubator: An immersive environment and top-notch university resources designed to foster business success
Center for Industrial Research & Service (CIRAS)
CIRAS was created to improve the quality of life in Iowa by helping businesses and their communities prosper and grow. Our individually tailored strategy Engage. Educate. Embed. means we work with companies to fashion solutions specific to their individual needs.
Iowa Area Development Group (IADG)
Regular Assistance: IADG works closely with departments of state governments and will gladly assist your project with any permitting assistance you may require
Questline: Offers, manufacturers and processors fast, unlimited, and confidential access to a team of technical and engineering experts
Ripple Effect Program: Provides a portfolio of financial and technical assistance program options for business
IA Source Link
IA SourceLink helps small businesses succeed by providing complimentary and ease access to assistance needed to start and grow a business
Resource Navigator: A portal connecting entrepreneurs to a network of nonprofits that provide services to help small businesses
Business Concierge: provides personalized assistance and referrals
Business License Info Center: information on licenses, permits, and regulatory information
One Million Cups
Based on the notion that entrepreneurs discover solutions and engage with their communities over a million cups of coffee, the Ewing Marion Kauffman Foundation developed 1 Million Cups in 2012—a free program designed to educate, engage and inspire entrepreneurs around the country. Through the power of volunteers, 1 Million Cups has grown to more than 180 communities.
State Programs & Resources
- Helps women, individuals with minority status, service-connected disabled veterans and individuals with disabilities overcome some of the hurdles to start or grow a small business in Iowa
- Whether you're a newly established business wondering how to fulfill your licensing obligations, a contractor looking for registration information, or an existing corporation seeking to expand your business lines or geographic footprint, IASourceLink can assist you.
- Provides financial assistance to businesses and industries that need assistance to create or retain jobs
- Priority given to projects that create manufacturing jobs, add value to Iowa resources and/or increase exports
- Preference given to businesses that create or retain the greatest number of jobs in the least amount of program dollars
High Quality Jobs (HQJ)
- Provides qualifying businesses assistance to off-set some of the costs incurred to locate, expand or modernize an Iowa facility
New Jobs Tax Credit (260E)
- One-time, corporate income tax credit available to participants in the New Jobs Training (260E) Program - up to $1,836 per new employee in 2019
- Iowa companies earn refundable tax credits for research and development investments that may be paid directly in cash to the company once its tax liabilities have been met
- Research may include manufacturing process improvements and time spent by engineers, management and other employees designing and testing new manufacturing processes
More Iowa Tax Advantages
- No Sales and use tax on manufacturing machinery and business equipment purchases
- No property tax on new industrial machinery and business equipment
- No personal property tax including corporate inventories of goods-in-process, raw materials and salable goods
- Iowa Corporate Income Tax is a 50% deductibility of federal taxes from Iowa corporate income
- Renewable Chemicals Production Tax Credit is a program that incentivizes the production of 30 high-value chemicals derived from biomass feedstocks.
- Provides assistance to companies with market-ready innovative technologies or products that have a clear potential for commercial viability
- Assists companies with marketing and business development activities
- Awards up to $125,000 - funds are primarily in loans or royalty arrangements
- Funds are designed to accelerate the pace of market development, leverage private investment and industrial expansion efforts that result in significant capital investment
- Provides financing to eligible businesses through two programs in the form of royalty arrangements or loans
- Propel: awards up to $300,000 to accelerate market development
- Innovation Expansion: awards up to $500,000 to encourage expansion of product lines
- The POCR program is designed to define and articulate the opportunity for businesses that demonstrate a proof-of-concept for innovative technology
- Awards up to $25,000 in low interest loans
- Iowa Economic Development Authority has delegated the delivery of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Outreach Program to the Iowa Innovation Corporation to help companies apply for federal small business funding
- Assists Iowa companies by reviewing SBIR/STTR grant proposal applications and providing commitments to matching grant funds for Phase I SBIR/STTR awards
- Angel Investor tax credits are offered to increase availability and accessibility of venture capital
- Businesses must obtain Qualifying Business certification before investors can apply
- Provides businesses with an enhanced, skilled workforce
- Assists community colleges to establish or expand programs that train individuals in the occupations most needed by Iowa businesses
- Businesses enter into an agreement with a community college to a portion (or all) of the positions created by establishing a new educational program
- Businesses must assist with program design and provide a 20% match of the program cost. Businesses offset the costs through tax benefits
Industrial New Jobs Training (260E)
- The 260E program provides businesses expanding Iowa's workforce with new employee training
- 260E is designed to increase worker productivity and company profitability
- Business must be engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, assembling, products, warehousing, wholesaling, or conducting research and development
Iowa Jobs Training Program (260F)
- 260F provides job training services to current employees of eligible businesses for little to not cost
- Provide forgivable loans for training
Community College Consortium (260F)
- The Community College Consortium Program provides funding assistance for community college-sponsored employee training projects in which two or more businesses participate
- A registered apprenticeship is an employer-driven model that combines on-the-job training with related classroom instruction to increase the apprentice's skill level and wages, advance their career, and give them national credentials
- Training can be customized to meet the needs of every business, and it can be integrated into current training and HR development strategies. Businesses see higher productivity, highly skilled employees, and reduced turnover costs
- Provides grants to small and medium-sized companies in targeted industries (bioscience, advanced manufacturing, or information technology) to support internship programs with a goal of transitioning to full-time employment in Iowa upon graduation
- Employers may qualify for financial assistance for a portion of the wages paid to an intern. For every two dollars of wages earned by the students, one dollar paid by the employer is matched by one dollar from the Economic Development Authority up to $3,100 per intern
- Provides grants to Iowa companies for internship programs with a goal of transitioning interns to full-time employment in Iowa upon graduation
- For every two dollars of wages earned by the student, one dollar paid by the employer is matched by one dollar from the Iowa Economic Development Authority up to $5,000 per intern