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Tax Increment Financing (Iowa)

Eligibility 
Commercial
Industrial
Construction
Municipal/Public Utility
Residential
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Iowa
Program Type 
Industry Recruitment/Support
Property Tax Incentive
Provider 
Iowa Economic Development Authority

Tax Increment Financing allows city councils or county boards of supervisors to use the property taxes resulting from the increase in taxable valuation caused by the construction of new industrial or commercial facilities to provide economic development incentives to a business or industry. Tax Increment Financing may be used to offset the cost of public improvements and utilities that will serve the new private development, to finance direct grants or loans to a company, or to provide the local match for federal or state economic development assistance programs.