Resources
Whether you're an established company looking to expand or relocate to this area, or you are looking to start a small business, the following resources will steer you in the right direction. Links for startup assistance, financial programs, and more are all here in one place - right at your fingertips. This information will be updated and added to
Financial Assistance | Small Business Startup | Why Iowa?
Iowa Dept. of Economic Development
IDED offers a myriad of financial and technical assistance programs ranging from low-interest, forgivable loans to outright monetary grants and technical assistance. The IDED application process begins by filling out and submitting a brief nine-page Project Review Form, which IDED staff will review and determine which programs your business may be eligible for. Then the formal application process begins. Details about the process, including downloadable forms and applications can be found here.
Targeted Small Business
This state-sponsored grant and loan program is for small businesses owned by women or minorities. In order to apply for this program (up to $25,000) you must first become a certified small business, a process outlined here.
Tax & Other Incentives (State)
The State of Iowa is extremely serious about business growth, and it shows in our tax policies and incentives.
ECIA - East Central Intergovernmental Association
This organization, based in Dubuque, administers a number of business assistance programs that encompass a six-county region, including Cedar County. From Revolving Loan Funds up to $250,000 to SBA 504 Loans and Job Training programs, ECIA is a valuable resource for this part of the state. The regional economic development organization, Prosperity Eastern Iowa, is administered through ECIA as well.
USDA Rural Development
The US Dept. of Agriculture's Rural Development initiative administers many assistance programs intended to foster economic development in rural areas. Tipton is home to our region's USDA Rural Development office, and the staff there are eager to work with you to determine what programs can work for you. rural Development offers guaranteed business loans, rural economic development grants, value-added producer grants, and more. Contact Tom Miller, Business Programs Specialist at the Tipton office at 563-886-6006 Ext. 4 for more information.
Local Incentives
Locally, TEDCO and the City of Tipton can provide property tax rebates (TIF) to qualified business expansions and locates, which the business can then use for capital expenses, to pay down land aquisition costs, and the like. Tipton City Council must approve any TIF package recommended by TEDCO. Contact the Tipton Community Development Office at 563-219-5556 for more information.
Iowa Dept. of Economic Development
Tons of information about state-sponsored business start-up programs are located here. Feel free to contact the business start-up office for a confidential conversation. 1-800-532-1215 or business@iowalifechanging.com .
SCORE
This Cedar Rapids-based organization is comprised of former CEO's, business owners, and company managers who volunteer their time to assist with small business start ups. SCORE members regularly teach business classes at Kirkwood Community College and can assist with business plans, financing options, marketing strategies and more. Contact Jim Williams at 319-362-6405 Ext. 2005 for more information.
SBDC - Small Business Development Centers
These centers, found throughout Iowa, are committed to entrepreneurial development throughout the state. The SBDC that serves Tipton and Cedar County is located at the University of Iowa. Contact Paul Heath at 319-335-3742 for more information.
SBA - U.S. Small Business Administration
The Cedar Rapids branch of SBA is ready to assist you with any if your business start-up questions. Their website is full of helpful information, and you can even request a free "Business Startup Kit". For more information, contact Keith McBride at 319-362-6405.
CCEDCO - Cedar County Economic Development Commission
Cedar County's own development office can provide assistance if you are looking to start your own local business. Contact Steve Lacina or Jackie Barten at 563-886-3761.