IOWA INCENTIVES SUMMARY

High-Quality Jobs
High-Quality Jobs assists companies involved in locating, expanding, or modernizing Iowa facilities. Criteria used to determine award amounts include the need for an incentive, the quality of the jobs, the number of high-quality jobs created or retained, and the project's economic impact. The program offers loans, forgivable loans, tax credits, exemptions, and refunds of local property tax, capital investments, state sales & use tax, and research activities.

New Jobs Tax Credit
Companies participating in the Jobs Training Program can receive a one-time tax credit. The maximum credit in 2025 is $2,370 per new employee. Companies must increase their employment base by ten percent or more.

Iowa Industrial New Jobs Training (260E)
260E provides companies expanding their workforce in Iowa with new employee training. It is designed to increase worker productivity and company profitability. The 15 community colleges in Iowa fund the program by issuing bonds. Companies then apply 1.5 percent or three percent of the state withholding taxes generated by the jobs created to retire the bonds, up to 50 percent of annual gross payroll costs associated with on-the-job training.