Revitalize Iowa’s Sound Economy Program – Immediate Opportunity relates to an immediate, nonspeculative opportunity for permanent job creation or retention.
Donor Name: Iowa Department of Transportation
State: Iowa
County: All Counties
Type of Grant: Grant
Deadline: Ongoing
Size of the Grant: up to $12,000
Details:
The purpose of the RISE program is to promote economic development in Iowa through the establishment, construction, and improvement of roads and streets.
Purpose
- To assist in the creation and retention of jobs due to an immediate, nonspeculative opportunity.
- The applicant should be in the process of negotiating a location or retention decision with a developer or firm.
- The applicant must demonstrate that an immediate funding commitment is essential to influence the job creation or retention decision and that necessary arrangements have been made for nonroadway factors (e.g., labor force training, zoning, sewer, water, police and fire protection, financing, public transit, and permits) essential for the proposed job creation or job retention activity.
- Iowa DOT district staff will need to be consulted if the proposed roadway and/or development connects to or impacts state right of way. A transportation impact study or letter may be required prior to seeking approval of the application by the Iowa Transportation Commission.
Immediate opportunity
- Relate to an immediate, nonspeculative opportunity for permanent job creation or retention.
- Jobs created are to be value-adding in nature (e.g., manufacturing, industrial, nonretail). Relocation of jobs within the state does not qualify.
- Local match is a minimum of 20 percent.
Funding Information
Up to 80 percent of RISE eligible project costs or up to $12,000 per RISE eligible job created or maintained.
Eligibility Criteria
All counties and incorporated cities in Iowa are eligible to apply for and receive funds under the RISE program. Private firms, developers, or other agencies may not apply directly for funds, but are encouraged to work with county or city governments in seeking funding for projects.
For more information, visit IADT.