Iowa Senate backs development loan plan for small towns
The Senate approved a plan to channel 5 million dollars a year from a cigarette tax hike to guarantee up to 15 million dollars in bonds for local development. At least 30 percent of bonds target housing for low income or elderly residents, with 25 percent match required, and 70 percent for infrastructure. The measure aims to attract business while facing criticism as pie in the sky.
MENTIONED IN THIS ARTICLE
Ken Sullivan
Des Moines
Senate
Iowa
House
Jim Riordan
Daukee
Riordan
Iowa Finance Authority
Iowa House Advances Plan for New Business Development Corporation
The Iowa House approved a measure to create the Iowa Business Development Corporation with private banks to loan guarantee and fund small firms. It would use 5 million dollars in lottery profits, with state and private lenders supplying the capital, drawing Republican critique over fragmented economic policy.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Gazette
Des Moines Bureau
DES Moines
Iowa House
Senate
Iowa Business Development Corporation
Iowa
Roger Halvorson
R-Monona
Edward Parker
Dmingo
Community Economic Betterment Account
Iowa Product Development Corporation
CEBA
Branstad Signs Tax Break for 2700 Employers
Governor Terry Branstad signed a law cutting unemployment compensation taxes for 2700 employers. The measure eliminates a year old provision that raised taxes on firms with small negative balances in their jobless accounts, correcting an unintended penalty.
MENTIONED IN THIS ARTICLE
Des Moines
Terry Branstad
Also Mentioned on This Page
Joy Corning
Cedar Falls
Richard Drake
Muscatine
Julia Gentleman
Norman Goodwin
de Witt
Hurley Hall
Marion
Jack Hester
Honey Creek
Edgar Holden
Davenport
Cal Hultman
Red Oak
John Jensen
Plainfield
Jim Lind
Waterloo
Wilmer Rensink
Sioux Center
John Soorholtz
Melbourne
Dale Tieden
Elkader
Richard Vande Hoef
Harris
George Kinley
John Peterson
Albia
Jack Nystrom
R-Boone
Jack Rife
R-Moscow
Forrest Schwengels
Fairfield
Ray Taylor
Steamboat Rock
Joe Welsh
D-Dubuque
Aaa
Loose Dian
G.la
Gemological Institute of America
Gem Trade Laboratory
Slion Oil
Pepsarca Y
United States
Midwest
K’s
Ray Eldridge, Jr
eRubies
Topaz
Africa
Thailand
Amethyst Africa
Richard L. Grader
RUS
Reece Ac
Sun
Brina
Altiaanarr
Trim ‘N’ Sian
34Th St
Mt. Vernon Rd
Cedar Rapids
Center Pt. Rd
Spring House
Switzerland
Rockport
Rockports
Spe
Walker
Children's Shoes
Old Capitol Center
Iowa City
Lindale Mall
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