Investing in Iowa's Entrepreneurial Ecosystem
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ICIC Tax Credit Purchase Consortium

The Iowa Association of Business and Industry (ABI) supports the work of the ICIC to build the seed and venture capital industry that serves Iowa entrepreneurs.

ABI members are invited to join the ICIC Tax Credit Purchase Consortium, a no-cost and no-risk way to encourage venture investing in Iowa.

"Iowa has great potential to grow large companies from small ones -- we just need the capital to do it. Quad City Bank joined the Consortium to bring needed venture capital to our great state." — Mike Bauer, CEO

Current Members


ICIC is grateful for the support of our current Consortium members:
  • Iowa Network Services
  • West Bank
  • 1st Natl. Bank of Muscatine
  • Quad City Bank & Trust
  • Dubuque Bank & Trust

What is the ICIC Tax Credit Purchase Consortium?

The ICIC Tax Credit Purchase Consortium is a no-cost, no-risk way for businesses and individuals to help attract capital to Iowa's seed and venture capital industry. Consortium members play a vital role in building Iowa's entrepreneurial ecosystem:
    • The ICIC uses contingent tax credit contracts to attract investment capital
    • Tax credits are sold when available to Consortium members
    • At no cost, members trade dollars for tax credits, capped at their total tax liability

What to Expect — A growing network of seed and venture investors

Consortium members support ICIC's work to bring a dozen or more new venture capital funds to Iowa:

    • Venture funds invest in a range of Iowa companies, from seed to later stage
    • Funds provide know-how to new startups and work to grow established companies
    • Funds bring knowledge of successful venture investing to Iowa
    • Successful funds spur the formation of new venture teams in Iowa

Good for Iowa

By joining the ICIC Tax Credit Purchase Consortium, ABI members:

    • Help build a robust entrepreneurial culture in Iowa
    • Help ICIC achieve the greatest value for Iowa taxpayers
    • Receive public thanks

For information contact:

Iowa Fund of Funds
Robert Heard
Phone: 515.779.1615
rheard@cimarroncapital.com

Iowa Association of Business and Industry
Mike Ralston
Phone: 515.235.0562
mralston@iowaabi.org