Sioux City and the state of Iowa offer a variety of financial assistance options to help with relocations and expansions. The Sioux City Economic Development staff will work with your company to identify what support is available based in part on job creation, capital investment, ability to meet certain wage standards and economic benefits for the state and community.
Tax Increment Financing (TIF)
Low-Interest Loan Program
Special Assessment Program
Property Tax Abatement
Siouxland Economic Development Corp. (SEDC) Revolving Loan Fund
Siouxland Economic Development Corp. (SEDC) Micro Loan Fund
SEDC/SBA 504 Loan Program
Small Business Development Center
MidAmerican Energy offers a unique energy efficiency program which provides rebates for building with efficient products including windows, HVAC systems, and other mechanical infrastructure. For larger projects, the rebates and energy savings derived from the efficient building methods have made the difference in the site selection process for many companies.
Targeted Jobs Withholding Tax Credit Program
Entrepreneurial/Small Business Assistance
New Job Training Program (260E Program)
Targeted Small Business Program
Revitalize Iowa’s Sound Economy (RISE)
Rail Revolving Loan & Grant Program (RRLG)
Regulatory Assistance Programs
Iowa Workforce Development
Center for Industrial Research and Service of Iowa State University (CIRAS)
Historic Preservation Tax Credit Program
New Market Tax Credit Program
The New Market Tax Credit Program provides tax credits to projects in depressed areas. The program’s tax credits can be sold providing an infusion of capital into the project. This program was first used by Sioux City officials in conjunction with the redevelopment of a downtown property to serve as a corporate facility for Northwest Airlines.