The Fort Madison Area and the State of Iowa offer a wide range of flexible business assistance programs. Each project is evaluated and every effort is made to create a package that will assist a business/industry in expanding or locating in the community. A synopsis of local and regional business assistance programs, which may be appropriate to a project, is provided below:

Fort Madison Revolving Loan Fund

Information Coming Soon

Enterprise Zone

Information Coming Soon

Tax Increment Financing

This assistance is based on the amount of property taxes generated by the incremental increase in the value of the property over a specified time. This award may be used to pay for infrastructure improvements, be provided on a tax refund basis or be provided as an upfront incentive by borrowing against the anticipated tax revenue.

Tax Abatement

Information Coming Soon

Southeast Iowa Revolving Loan Fund

This program is designed to assist companies in leveraging other financial support and financing. The maximum loan is $125,000. Interest rates are below prime. Working capital loans may be granted for five years and fixed asset loans may be granted for up to seven years. This program is administered by Southeast Iowa Regional Planning.

Iowa New Jobs Training Program

The Iowa Industrial New Jobs Training Program provides funds to train new employees of eligible Iowa businesses. Eligible businesses may be new to Iowa, expanding their Iowa work force, or relocating to the state. The program is funded by a diversion of payroll withholding tax to the local community college and results in no additional costs for the company or the employee.