Team EDGE

Team EDGE
Debi Durham
Director
Iowa Economic Development Authority
Governor’s Growth Agenda
New Economic Development Model
Results
Total Capital Investment:
$9,026,505,425
Iowa Economic Development Authority – Business Assistance Awards, January 2011 through June 2014
Project Industry Sectors and Breakdown
Projects Awarded by
National Recognition
 U.S. Chamber of Commerce Foundation’s
Enterprising States 2014 study
 Top 10 States for Economic Performance -- #8 Iowa
 ICAIncentives’ “Measuring the Quality of Incentive
Programs” study
 “Best Practice” States identified that perform well, combining effective
tax incentive program evaluations with openness – Iowa among the six
Synchronist Program
Synchronist Program
2013 Annual Report
Rethink Iowa: Creating a Culture Shift
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Support Innovation
Think Globally
Workforce Growth and Cultivation
Create Communities people want to live in
Tell our Story – branding our diversified, wellperforming, innovative economy
Iowa’s Public Entrepreneurial
Funding Continuum
Innovation Funding
 Since January 2011, IEDA has supported start-up
projects with innovation funding equaling:
$14,984,000
 Program Sources
 $9.215 million (Innovation Fund – SSBCI)
 $ 575,000 (i6 Challenge Grant Fund)
 $5.194 million (Demo Fund)
SXSW Event
International Initiatives
GOAL: Increase exports by 20%
 Marketing Assistance, Training and Consultation
 Expand export trade assistance programs (ETAP)
 In-bound delegations
 Trade Missions and FDI
 EB-5 program
Federal Efforts:
 Continue to open access to
global markets
 Reduce barriers to trade
 TransPacific Partnership Pact
CJ Bio America
Fort Dodge
Iowa Fertilizer Company
Lee County
Valent Biosciences
Osage
Rail.One
Clinton
Small Business
 IASourceLink.com
 A statewide resource and economic development tool for entrepreneurs
and small businesses across Iowa and for those considering Iowa for a
business location
 Partnership between IEDA and University of Northern Iowa’s
MyEntre.Net
 What is it?
 Resource Navigator – connects entrepreneurs and small businesses
with resource providers across Iowa
 Statewide Events Calendar – comprehensive listing of networking,
educational and training opportunities taking place across Iowa
 Business Concierge – personalized assistance with marketing
demographics, trends and resources
 Business Licensing – customized help with identifying necessary
business registrations and licenses
 Information Source – webinars, e-newsletter, blogs and resources
offered on timely topics
Workforce Challenges
Education & Workforce Training Initiatives
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Certification & credentialing of workforce – NCRC
Skilled Iowa
Expand Apprenticeship Programs
STEM
Immigration Reform
Home Base Iowa Military
Recruitment Effort
Home Base Iowa
 A new non-profit, private-public partnership that will
recruit veterans and active duty service members for
private-sector job opportunities in Iowa
 Dedicated Staff – Kathy Anderson, Project Manager
 Website – www.homebaseiowa.org
 Comprehensive source for job services available to veterans in Iowa
 Marketing outreach:
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National advertising
In-person outreach
Social media campaign
Military publications
 Legislative Changes:
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Military Pension Income Tax Exemption
Increases Military Homeowner Assistance
Permissive Veteran Preference in Employment
Streamlines Occupational Licensure
Automatic in-state tuition for veterans, spouses and dependents
2014 Legislative Workforce Initiatives
 STEM Internships
 Funding to support internships in science, technology, engineering and
mathematics
 The program will fund 400 interns at up to $5,000 each, allowing
employers to claim $1 for every $2 it pays interns
 Apprenticeships
 Expansion of the 260F job training program would triple the amount of
state funding allocated for apprenticeships
 Support is increased from $1 million annually to $3 million by providing
additional funds and reforming and streamlining administration of the
program
Development Ready Communities
 Freight Network Optimization Strategy  Sustainability
 Certified building sites
 Quality of life initiatives
 Arts and Culture
 Connect Iowa
 Main Street Iowa
 Workforce Housing
Certified Site Program
 Announced the first-round certifications
 Dexter, Fort Dodge, Iowa Falls and Van Meter
Main Street Iowa
New Director – Jim Engle
 Net business gain in MSI districts occurred in all 26
years of the state Main Street program
 3,800 business starts, expansions and re-locations
 Sales tax collections from net new businesses in MSI
districts is 48 times the state appropriation to fund
program
 Added three new Main Street Communities in 2014
 Newton, Avoca, Guthrie Center
 $1 million Challenge Grant funding available to MSI
communities
Workforce Housing Tax Credits
 The proposed workforce housing tax credit program
would provide transferrable income tax credits and sales
tax refunds to housing developers who develop eligible
housing projects for workers
 Eligible projects include those that are:
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Developed on a brownfield or grayfield site
Repair or rehab dilapidated existing housing stock
Is an upper story project
New construction in a community with demonstrated workforce housing
needs
 To ensure the funding is targeting middle-income
housing, unit cost up to $200,000 is eligible, unless the
project is historic preservation, in which case $250,000
per unit cost is allowable
iowaeconomicdevelopment.com
 Audience-focused and datadriven
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traveliowa.com
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New features – translation of
international investment section
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Reflects how site selectors search for
information
Websites
6 languages
Quality of Life section
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Most popular travel
companions
 Family
 Significant Other
Most popular getaway
 Scenic and Charming
 Wild and Outdoorsy
Direct Marketing to Prospects
Direct Marketing to Prospects
Direct Marketing to Prospects
Trade Show Marketing
Strategic Priorities
for Iowa’s Economic Development
 Cultivating and attracting skilled workforce
 Accelerating the development of Iowa’s emerging
entrepreneurial eco-system
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SBIR/STTR Initiative
Mentoring Program
Launch IICorp Seed Fund
Rewrite Angel Tax Credits
 Advancing Iowa’s Physical Infrastructure
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Freight Network Optimization Strategy-Development Plan
Connect Every Iowan
Certified Sites
 Ensuring the competitiveness and growth of Iowa’s industry
clusters through innovation, retention and attraction
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Business to Business Network (Economic Gardening)
Targeted Incentives
Strategic Infrastructure Fund
 Enhanced Export Assistance Program
Team EDGE
Debi Durham
Director
Iowa Economic Development Authority