INCENTIVE DESCRIPTION

State:	IA
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Investment Credits
Description:	New Capital Investment Program (NCIP): Refundable R&D tax credit for capital investment of at least $1 million. Also refund of sales, services, or use tax paid to contractors during construction. And investment tax credit equal to a percentage of new investment in machinery, land, buildings or improvements. Credit determined by number of new full-time jobs with starting wage equal to or greater than average county wage.
Eligibility Requirements:	Cannot be a retail establishment, cannot close or reduce operations elsewhere in state, capital investment greater than $1 million, provide comprehensive health benefits to all full-time employees. Locality must approve the start up, location or expansion.
Geographic Restrictions:	Statewide
Granting Authority:	Dept. of Economic Development

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.