Iowa board to cut CEBA loans to 500000 with wage tests
Iowa Economic Development Board endorsed tentative CEBA rule changes to cap forgivable loans at 500000 and raise wage thresholds for eligibility. Firms could receive up to 1 million for exceptional projects, while two year old businesses may access up to 100000 with lower wage requirements. Public comment ends May 31 ahead of potential June final action.
MENTIONED IN THIS ARTICLE
Rod Boshart
Gazette
Des Moines Bureau
Des Moines
Iowa
State Department of Economic Development
DED
Mike Miller
Economic Development Board
Allan Thoms
Thoms
Culmi
GOP senators rail on Democrats over stalled tax breaks
Senate Republicans blasted Democrats for failing to pass business tax breaks in the 1994 session and urged voters to back a GOP majority this fall to finish the work. They criticized delays on repealing the 30 percent machinery and equipment tax and suggested a special session, noting upcoming primary politics.
MENTIONED IN THIS ARTICLE
Rod Boshart
Des Moines
Senate
Jack Rife
Durant
Rife
M&e
Terry Branstad
Eral Assembly
Jim Lind
Waterloo
Senate Democrats
House
Iowa official predicts inevitable end to property tax on machinery
Des Moines says the head of the Department of Economic Development Allan Thoms foresees elimination of the machinery and equipment property tax as inevitable. He notes the state has leveraged tax incentives and new tools like the gold card plan to attract large projects, while rural revitalization and NAFTA-related efforts boost opportunities for Iowa businesses and ag value.
MENTIONED IN THIS ARTICLE
Rod Boshart
Des Moines
Department of Economic Development
DED
M&e
Iowa
Allan Thoms
Thoms
Mexico
Also Mentioned on This Page
Nates
Legislative Administrative Rules Review Committee
GOP
Ipsco Inc. of
Canada
Muscatine County
Weyerhaeuser
Cedar Rapids
Ipsco
Eal
PRY eyAlits
AP Network News
AP News Watch News
KCRG
It’s Your Business
E.ia News
Healthcast
The
Gazette Sicityunee
Ave Cruisers
Ellis Blvd
Baron of Beef
Twixt Town Rd
the Gazette
Wilson Ave
Randalls Foods
Econofoods East
Mt. Vernon Road
Econofoods West