Incentives

Incentive programs were designed to promote economic development by encouraging the renovation, rehabilitation and repair of existing commercial buildings, the removal of dangerous buildings and the construction of new commercial buildings.  Dysart has 16 acres available in its industrial and business park along Highway 21.  Traer has 38 acres available in its industrial park along Highway 63.

Dysart has two revolving loan funds which provide low interest loans and gap financing to improve the economic well-being of the Dysart area through business start-up, expansion, and/or retention projects; increase diversification of the economic base; develop exporting; create opportunities for minority groups; increase capital improvement; generate tax revenues; and retain jobs.  Sponsoring agencies are the Dysart Development Corporation and Farmers Coop Telephone Company. 

 

The City of Tama has committed funds for the following programs:  Inspection Program, Demolition Program, New Business Incentive Program, Façade Program, Revolving Loan Program, Commercial Interior Grant Program, Low Interest Loan program, Grant Writer Assistance.  For the façade program, owners of commercial buildings situated in the T.I.F. District may apply for a grant to restore and/or rehabilitate the exterior façade of said buildings, which grant shall not exceed the lesser of ½ of the cost thereof or $7,000 per building, with the nature and extent and the visual appearance to be produced thereby to be subject to city approval.  For the revolving loan program, loan applicants shall satisfy standard financial and other plan criteria to apply for a maximum $25,000 loan for the renovation and rehabilitation of commercial buildings, which loans shall be fully repayable on a quarterly basis and shall be at a rate equal to the prime rate in effect at the time of approval of the loan less 1.0%.

The Traer Chamber of Commerce sponsors a revolving loan fund to make low-interest loans available to chamber members on smaller projects. 

 

Tama County Economic Development
211 W. State Street
P.O. Box 22
Toledo, IA  52342
641-484-3108
info@tamacountyiowa.org
http://www.tamacountyiowa.org

 

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