Monona Workforce

State of Iowa Programs

Job Training

Housing

Some of the business and industry incentives include:

Work Force

The work force in Monona is one a business owner can depend on because of the hard-working values in which people were raised with in this area. A recent survey conducted by the Iowa Department of Employment Services for Clayton County shows fifty one percent of all percent of all persons included in the survey had worked for their current or most recent employer for more than five years. Also 88 percent of persons surveyed are high school graduates and 43 percent of those surveyed had some college education. Eighty one percent of those surveyed in Clayton County are ready to learn new skills and forty six percent are willing to share in training costs.

Industries have chosen to locate in Monona based on their decision on the high quality work performed by area employees and the high degree of productivity they receive. In the competitive climate in which all business operate, employers are finding that the combination of high productivity + low costs + dependability = above average profit in Monona, Iowa.

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Economic and Industrial Development

Monona is able to take advantage of the new programs for Economic and Industrial Development put forth by the State of Iowa. For a full listing and description of the available programs, contact the City of Monona at 563-539-2355 or the Iowa Department of Economic Development, 200 East Grand Avenue, Des Moines, IA 50309. Phone: 515-281-3251.

Single Factor Corporate Income Tax

Iowa is the only state with a single factor corporate income tax - meaning only the profits from products sold for delivery in the state are taxed.

Federal Tax Deduction

Iowa' corporate income tax allows a 50 percent deductibility of federal taxes from Iowa corporate income tax.

Tax Abatement

The City of Monona offers an exemption from property taxation on new construction of industrial real estate. It is a ten year graduated property tax exemption on value added improvements.

Tax Increment Financing

TIF is a very flexible tool which allows the city to use the increased property tax dollars generated from new development to assist your company. This flexible tool can be used for such things as machinery and equipment and construction, interest buy downs and local matching funds.

Grants and Loans

Grants and Loans are provided for economic development projects which create Iowa jobs. Proceeds may be used to purchase land, buildings, machinery, inventory or equipment. Funds may also be used for working capital for operating expenses, research and development.

Property Tax Exemptions

In Iowa, cities and counties are allowed to give industries tax exemptions for the actual value added to industrial real estate through new construction and buying or improving machinery and equipment assessed as real estate.

Right to Work Law

Iowa give employees the right to work in all settings. Workers choose whether to belong to a union.

Industrial Training

The Iowa Jobs Training Program provides on the Job training and any other services that may be necessary to train employees. An employer may be reimbursed 50 percent of the new employee's wages during this training period. All firms that produce products or provide services in interstate commerce are eligible.

Northeast Iowa Community College

NICC located in Calmar, IA is committed to working with new and expanding industries. Several of their programs include:

* Iowa Industrial New Jobs Training Program

* New and Expanding Business and Industrial Training (NEBIT)

* Dislocated Workers Program

* Targeted Jobs Tax Credit

* Veterans Training Program

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Housing

Monona offers a wide variety of housing options. New housing developments have available lots. The average cost for residential housing is $45 to $55 per square foot. Rental housing is available with rentals ranging from $150 to $400 per month.

Housing Incentive Program

1. Eligible Area: All areas located within the Monona Corporation.

2. Eligible Homes: New Construction: All new homes constructed within eligible area. *Would include "Spec Homes" incentive would be started at time service starts and balance can be transferred to buyer.

3. Term of Program: January 2, 2001 to January 31, 2001

4. Incentives:

* Free normal garbage pickup for one year $108.00

* Free recycling pickup for one year

* Free recycling bin $7.00

* Free water service up to $100.00

* Waive utility deposit. $75.00

* Free sewer service up to $100.00

* One year family pass to swimming pool $75.00

* Partial tax abatement of $150 per year, for 2 years $300.00

This incentive is being used in place of urban revitalization if house is in urban renewal area. GRAND TOTAL: $765.00

Extended, passed & adopted Jan. 2, 2001

Homestead Exemption

New residents may file for homestead exemption at the County Assessor's office, located at 111 High NE St., Elkader; phone 245-2533. To qualify for homestead exemption, which will reduce your property taxes, the residence must be owned and occupied by you, an Iowa resident. There is no charge for homestead exemption.

To qualify for a full-year of homestead credit, you must file an application with the Assessor's office between January 1st and July 1st in any given year. You may, however, file an application at any time after July 1st, but will not receive a full-year's credit until the following year.