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For businesses searching for the right place, Urbandale has established a systematic process in which one person serves as your first point of contact, and is backed by a select team of knowledgeable individuals who can move projects forward in a timely manner. Business assistance can come in many forms, especially when considering a long-term relationship with a community and its people. Please contact our economic development office for more information,
515-993-3009, lschaut@dallascounty-ia.org.
City of Urbandale Programs:
The City of Urbandale utilizes all available sources of funding to assist companies with their project expansion and/or location.
The City of Urbandale's New Construction Incentive Program is a partial property tax rebate program provided to the building owner over a five-year timeframe on the new taxable value added to the project. This incentive is available in the Northwest Market Center Tax Increment Financing district.
Tax Abatement
The tax abatement program is a local incentive that is available to new or expanding industries. Under this program, value added to industrial real estate is eligible for a partial exemption from property taxation for a period of five years. The amount of actual value added which is eligible to be exempt is as follows:
- First year, seventy-five (75) percent.
- Second year, sixty (60) percent.
- Third year, forty-five (45) percent.
- Fourth year, thirty (30) percent.
- Fifth year, fifteen (15) percent.
Urbandale Revolving Loan Fund (RLF)
Urbandale RLF is a local incentive to provide financial assistance to businesses that plan to make a capital investment and create new jobs opportunities and/or retain existing jobs in Urbandale. Assistance may be provided to encourage new business startups, expansion or retention of existing businesses, or the recruitment of out-of-state businesses to Urbandale. Assistance is provided in the form of low-interest loans. The awards are based in part on job creation, quality of employment, and benefits for the community.
State of Iowa Programs:
The Iowa Department of Economic Development has the personnel and the resources to help remove obstacles from business growth and open doors to new business opportunities.
A variety of financial assistance is available to new and existing businesses. Brief information has been provided about these programs.
New Capital Investment Program
provides help to Iowa businesses upgrade and expand their capabilities so that they may be more competitive in the world economy.
To learn more, please click here.
Community Economic Betterment Account
provides financial assistance to companies that create new employment opportunities and/or retain existing jobs, and make new capital investment in Iowa.
To learn more, please click here.
New Jobs and Income Program
provides a package of tax credits and exemptions to businesses making a capital investment of at least $11,835,000 and creating 50 or more jobs meeting wage requirements.
To learn more, please click here.
The Iowa Job Training Program
provides customized training for your employees.
To learn more, please click here.
Grow Iowa Values Fund
provides financial assistance consist of, but not limited to, loans, forgivable loans, grants and such other forms of assistance the Iowa Department of Economic Development board deems appropriate and consistent with the needs of a given project.
To learn more, please click here.
For additional information on State incentives contact the Iowa Department of Economic Development at (515) 242-4707 www.iowalifechanging.com/business/services.html
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