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Iowa - Fields of Opportunities

Financial Incentives

State Financial Incentives:

  • Iowa New Jobs and Income Program
    This program is designed for those businesses that would create high-skill, high-wage jobs while making a significant capital investment in the state.
  • Iowa Community Economic Betterment Account
    (CEBA) is a multi-million dollar fund administered by the Iowa Department of Economic Development that is earmarked to help businesses expand in Iowa.

Local Incentives:

  • The City of Ottumwa has used tax increment funding (TIF) to assist numerous developments in the Ottumwa, Iowa area. TIF funds could be made available to a company when it begins a project.

  • Ottumwa's electric utility is Alliant Energy. Alliant Energy has a very experienced, professional economic development staff available to assist a company in putting together a very competitive electric utility package.

  • Ottumwa's gas utility is Mid-American Energy Company, the state's largest, investor-owned utility. Mid-American also has a very experienced staff skilled in economic development and ready to assist.

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