Other Programs | New Markets Tax Credit Program | ICIC Tax Credit Purchase Consortium
To build Iowa's entrepreneurial ecosystem, ICIC engages Iowa businesses in partnership programs in addition to managing the Iowa Fund of Funds.
ICIC encourages Iowa businesses to learn more about the New Markets Tax Credit Program as well as the ICIC Tax Credit Purchase Consortium.
New Markets Tax Credit Program
We are now able to stimulate Iowa's economy in areas that have seen underinvestment in the past, thanks to the Legislature's foresight and support from many Iowa bankers.
— John Rigler, ICIC Board Member
ICIC is proud to have played a role in bringing new financing to Iowa businesses, supported by U.S. Treasury Department new market tax credits.
In the past few years, millions of dollars have been deployed to significant projects in Iowa cities including Sioux City, Dubuque, Des Moines, Fairfield and Davenport.
Tax Credit Purchase Consortium
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
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.