The Grow Iowa Values Fund
(GIVF) is the state's premier
economic development program
designed to transform Iowa's
economy by creating high quality
jobs through business
development and expansion across
Iowa. A variety of business
development programs are
available through the Grow Iowa
Values Fund as listed below:
Direct Assistance to a
Company
Assistance is provided in
the form of loans and/or
forgivable loans, based in part
on job creation, capital
investment, the ability to meet
certain regional/county wage
standards, quality of
employment, and economic
benefits for the state and local
community. Applications are
filed by cities, counties or
community colleges on behalf of
eligible businesses.
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Grow Iowa Values Financial
Assistance Program —
Serves as the funding source
for projects that are
focused on job creation or
retention, value-added
agriculture and
entrepreneurial efforts.
This program, combined with
Iowa’s nationally recognized
business climate, tax
incentives and proactive
state government make Iowa a
great place to do business.
Demonstration
Fund — Provides
pre-seed capital awards of
up to $150,000 to encourage
prototype and concept
development activities by
small and medium-sized Iowa
companies in the advanced
manufacturing, biosciences,
and information technology
industries. The fund is
designed to encourage
commercialization of
innovation to foster
competitive, profitable
companies that create high
paying jobs and wealth in
Iowa.
Information
Technology Joint Venture
Fund — Provides up to
$100,000 in financial
assistance to encourage Iowa
companies to work together
to develop IT innovations.
The primary purpose of this
program is to encourage Iowa
IT-user companies and IT
producer companies to work
on joint R&D programs to
develop the next generation
of IT products and services.
Supply
Chain Development —
Global competitiveness
requires Iowa original
equipment manufacturers
(OEM) and their suppliers to
adopt best practices to
effectively and efficiently
meet the requirements of
their existing customers and
to identify new customers.
Targeted industries of
biosciences, information
technology, and advanced
manufacturing now have
access to financial
assistance designed to
identify and adopt
performance improvement
programs, create improved
linkages to Iowa suppliers,
their production
capabilities and capacities,
and technology
commercialization services
for supply chain
development.
Infrastructure
Assistance
Infrastructure component
— Designed to
financially assist
capital-intensive infrastructure
projects that create unique
opportunities for quality,
high-wage jobs and demonstrate a
statewide impact. Both Iowa
communities and new or existing
businesses are eligible for this
innovative program.
The Infrastructure component is
designed to take a comprehensive
approach to address a wide
variety of critical
infrastructure needs. This
program may also be used to
remediate contaminated sites
that have potential development
opportunities contingent on the
cleanup. Assistance is provided
in the form of loans, forgivable
loans and cost indemnification
agreements.
Public Facilities
Set-Aside (PFSA) — The
PFSA program provides financial
assistance to cities with less
than 50,000 in population and to
counties for public
infrastructure improvements that
enable businesses to create new
job opportunities. Projects that
will create manufacturing jobs,
add value to Iowa resources
and/or increase out-of-state
exports will be given priority.
Eligible projects include adding
or improving sanitary sewer
systems, water systems, streets,
roads, and storm sewers.
Small Businesses &
Entrepreneurs
Entrepreneurial
Assistance — Financial
capital may be available for
early-stage and high growth
companies.
Iowa Self-Employment
(ISE) — Helps qualified
individuals with disabilities
establish, acquire, or expand a
small business by providing
technical and financial
assistance.
Targeted Small Business
Program (TSB) —
Designed to create and expand
minority- or women-owned
businesses through direct loans.
Additional Programs
Employee Training Programs
— Leverage
training resources to help Iowa
companies maintain their
competitive edge.
Export Trade Assistance Program
(ETAP) — Iowa
may reimburse you for up to 75%
of your international marketing
efforts.
Tax Incentives —
Iowa's pro-business outlook is
reflected in the state's tax
climate and competitive programs
for companies located
within our borders.
Technology Cooperative Program
[PDF: 204k] —
Application & Instructions.
