Debi Durham Director Iowa Economic Development Authority

Debi Durham Director Iowa Economic Development Authority

Historic Preservation Tax Credits» The State Historic Preservation and Cultural and Entertainment District Tax Credit program (HPCED) provides state tax incentives for the sensitive rehabilitation of historic buildings.» The Iowa Economic Development Authority (IEDA) administers the program in partnership with the State Historic Preservation Office (SHPO) of Iowa.» Opening a new registration round April 10-24, 2017 Estimated $22.5 million available

Workforce Housing Tax Credits» Provides transferrable income tax credits and sales tax refunds to housing developers who develop eligible housing projects for workers» Eligible projects include those that are: Developed on a brownfield or grayfield site Repair or rehab dilapidated existing housing stock Upper-story project New construction in a community with demonstrated workforce housing needs Unit cost cap of $200,000, or $250,000 for historic preservation project» Awarded $20 million in FY16, FY17» In FY18, legislature passed a $5 million Small Cities set-aside for small communities Available to qualifying housing projects taking place in Iowa communities except those located in the 11 most populated counties in Iowa

Main Street Iowa Impact» Net Gain New Business 4,564» Net Gain New Jobs 13,684» Building Improvement Projects 11,684» Private Investment Downtown $1.74 Billion» Documented Volunteer Hours 3,020,769

MSI Challenge Grants» Stimulate rehab of significant commercial historic buildings, infill development in downtown districts, local revitalization efforts and the creation of jobs and business growth» A maximum of $925,000 will be available for bricks and mortar projects within designated Main Street Iowa districts» 1:1 cash match required» Expected Application Deadline: September 2017 with award announcements in November 2017

Community Catalyst Building Remediation Program» Provides grants to cities for the remediation or redevelopment of underutilized buildings» Applicant must be a city» The building or buildings that constitute the project must meet the definition of underutilized and community catalyst» Maximum award is $100,000 to any city applicant during one fiscal year 40% of allocated funds are reserved for communities with population less than 1,500

Renewable Chemical Production» First-of-its-kind incentive program to encourage the production of biochemicals from biomass feedstocks» Biochemical production is the fastest growing segment in the biosciences industry

www.iowaenergyplan.org Economic Development and Energy Careers Iowa s Energy Resources Transportation and Infrastructure Energy Efficiency and Conservation Energy workforce development Technology-based R&D (e.g. energy storage pilot projects) Biomass conversion potential Natural gas expansion Grid modernization vision Alternative fuel vehicles Access to energy efficiency in underserved areas

Iowa s Biogas Potential» Biomass conversion - great potential to further benefit economically and environmentally (bioenergy, biofuels, biochemical, etc.)» Biomass Conversion Committee accelerate deployment and develop action plan by end of 2017

Biosciences Core Competency Analysis» Goals & Objectives Core competencies from a research perspective Industries that align to core competencies Identify technology platforms Determine how competitive Iowa is to benchmark states Strategies to catalyze more bioscience-based economic growth» Emerging Platforms Medical Devices and Tools Bio-Based Chemicals Precision Agriculture

Year Of Manufacturing» Manufacturing is critical to Iowa s economy Over 6,100 manufacturers contribute in excess of $29 billion annually, accounting for 18 percent of the state s real GDP From 2005-2015, manufacturing s annualized real GDP growth rate was flat, placing Iowa 28 th nationally» During the Year of Manufacturing, the focus will be three-fold: Help Iowa manufacturers build a skilled workforce Promote innovation and R&D within our manufacturing sector Improve the global competitiveness of Iowa companies

Year Of Manufacturing» Connect manufacturers to available resources toolkit www.iowamfg.com» Partners:

Workforce» Home Base Iowa 44 HBI communities / 21 CHAMPS 2700+ veterans hired» Apprenticeships Expanded 260F funding to support more apprenticeships Continue to work with partners to build existing apprenticeship programs and encourage the creation of new programs» Future Ready Iowa 70% of Iowans with some education/training beyond high school by 2025» STEM / Internships In FY16, 98 companies were awarded funding of $747,100 to hire 241 interns via the Iowa Student Internship program In FY16, 31 companies were awarded funding of $974,836 to hire 237 interns via the STEM Internship program

Workforce Attraction Marketing» Objective: Increase awareness among students, young professionals, workers in high-demand positions of the career and lifestyle opportunities available in Iowa» Strategic Approach: Focus on finding the intersection of willingness and opportunity while targeting a segment that is nearing the critical moment of decision» Audience Focus: Juniors and Seniors in traditional college and university settings Second-year students at Community colleges/trade schools Geographic focus on Iowa and contiguous states

» Keys to Success: Workforce Attraction Marketing Build a campaign that can yield short-term results while also impacting a long-term cultural shift Take a sharp focus on a narrow population segment Balance the needs and opportunities that are available around the state» Structure Public-Private partnership

ABD-IEDA Review of Code Ch. 123» Review of Chapter 123 through joint ABD-IEDA working group» 15 members representing industry partners» Recommendations: Create greater parity Streamline licensing Allow a limited expansion of retail privileges

International Trade» The International Trade Office (ITO) assists Iowa companies in developing or expanding international markets and assists Iowa companies to market their products and services worldwide.» Services offered include: individual consultation educational seminars technical assistance marketing assistance targeted financial assistance China, 9% Japan, 9% Germany, 4% Mexico, 16% Canada, 30%

Iowa Exports In Millions of USD (2015) Oil Seeds, $426 Electrical Equipment, $545 Optics and Measuring Equipment, $310 Iron/Steel, $192 Chemicals, $631 Animal Feed, $1,003 Machinery, $2,287 Vehicles, $1,398 Cereals, $1,197 Meat, $1,368

Certified Site Program SOLD SOLD SOLD» Next Round July 2017

Mega Site Project» Proactively evaluating state to determine areas with likelihood to develop a mega site» Overlaying critical requirements for site certification on Iowa map Interstate access Rail access Workforce availability Contiguous acreage Environmental constraints» Determining best options to save time, money and frustration» Requesting pertinent infrastructure information from some partners» Report completed by McCallum Sweeney by Fall 2017

Redesigned Website» Launched refreshed website in early 2017 Responsive design accessible via desktops, tablets, mobile devices Simplified navigation Incorporated blog into site to drive traffic and time-on-site» Highlights targeted industries, certified sites, 50 states comparison

Tourism» Tourism creates jobs 67,000 Iowans work in the tourism industry Tourism is a top 10 employer in Iowa More than half of travel industry employees in America earn middle-class wages or higher Tourism jobs can never be outsourced» Tourism generates economic prosperity Visitors spend more than $8 billion annually in Iowa Visitors generate $46 million in state sales tax annually Visitors lower the tax burden for Iowans Visitor spending subsidizes public services for Iowans

Tax Credit Cap The PEW Charitable Trust named Iowa one of 10 states that excel in rigorously measuring the economic and fiscal impact of tax incentive programs.

Innovation STEM Internships Apprenticeship Program SBIR Technical Assistance Proof of Commercial Relevance Demonstration Fund Acceleration Fund Iowa Innovation Council Iowa Innovation Corporation VentureNet Iowa Accelerators Technology Association of Iowa Iowa Biotech Association Iowa State University 3D Metal Printing University of Northern Iowa Metal Casting Center/TechWorks University of Iowa Medical Device Prototyping Center Iowa State University ISU Research Park Center for Industrial Research and Service University of Iowa BioVentures Center R&D Tax Credits Iowa Innovation Fund Angel Tax Credits

Projects Awarded by Community Size

Since January 2011... Total Capital Investment: $14,133,684,113 Iowa Economic Development Authority Business Assistance Awards, January 2011 through April 2017