Tax Abatement - Iowa law allows cities and counties to abate local property taxes for value added to industrial real estate. The maximum amount of actual value added at a new or expanded facility which is eligible to be exempt from taxation is:

Year one
75 percent

Year two
60 percent

Year three
45 percent

Year four
30 percent

Year five
15 percent

Tax Increment Financing (TIF) - City councils or the Dallas County Board of Supervisors may use the property taxes resulting from the increase in taxable valuation due to construction of new industrial or commercial facilities to provide economic development incentives to a business or industry.

Tax increment financing may be used to pay the cost of public improvements and utilities which will serve the new private development, to finance direct grants or loans to a company, or to provide a local match for federal or state economic development assistance programs.

TIF does not increase a company's property taxes, but it allocates virtually all of the taxes which are paid back to the city or county, where they may be spent to benefit the company.

Dallas County Revolving Loan Fund (RLF) - This fund provides financial assistance to businesses that plan to make a capital investment to create new job opportunities and/or retain existing jobs in Dallas County.

The assistance is provided in the form of low-interest loans with a maximum award of $50,000 possible.

The fund assistance is provided to encourage new business startups, expansion or retention of existing businesses, or recruitment of out-of-state businesses.

The award amount is based on job creation, quality of employment and the businesses benefit to the local community and county.