LOCAL
Industrial Property Tax Abatement
Commercial Property Tax Abatement
Housing Project Tax Abatement
Revolving Loan Fund
Henry County Revolving Loan Fund
The Henry County Revolving Loan Fund provides gap financing to business start-up and retention in Henry County, Iowa. Applicants can receive up to $50,000 in funds to either start or continue an existing business in Henry County. The applicant is required to fill out an application and submit it to Southeast Iowa Regional Planning Commission and also be involved with a sponsoring lender. These funds are used to provide gap financing for a project after the primary lender has reach its lending limit. The Henry County RLF has a board that studies each application and makes a recommendation for approval to the Henry County Board of Supervisors. The emphasis for each project is on job creation and retention. There is also a SEIRPC Regional Revolving Loan fund. The difference with this pool is that anyone in the four county SEIRPC region can apply and the lending ceiling is much larger than that for Henry County, which is capped at $50,000.
Job Training Assistance
Tax Increment Financing
Personal Assistance
STATE
High Quality Jobs
Eligibility Requirement: A business located in an economically distressed area must pay at least 100% wage threshold throughout the applicable contract period.
- The City of Mount Pleasant exists within a “distressed county” and must adhere to the 100% wage threshold requirement.
- Wage threshold in the Mount Pleasant labor shed area is currently $16.56 per hour.