Small Business Grants in Iowa (IA)

Securing a small business grant in Iowa involves several steps and opportunities. Here are some of the most relevant programs and resources for Iowa-based businesses:

Iowa Economic Development Authority (IEDA)
The IEDA provides resources for small businesses, including information about federal funding and assistance for businesses owned by women, minorities, veterans, or individuals with disabilities. The IEDA also administers the Targeted Small Business (TSB) Program, designed to help businesses owned by women, individuals with minority status, service-disabled veterans, and individuals with disabilities. To qualify for TSB Certification, a business must be located in Iowa, operated for profit, have less than $4 million in gross income (computed as an average of the preceding three fiscal years), and be majority-owned (51% or more), operated, and managed by a female, individual with minority status, service-disabled veteran, or individual with a disability.

Iowa Grants System
All applications for grants must be submitted through the Iowa Grants System. Once your account has been approved, you can begin the application process. Applicants must complete each form provided in the list under Application Forms.

City of Dubuque LMI Small Business Grant Program
The City of Dubuque offers a grant of up to $5,000 for businesses that meet certain eligibility and qualifying requirements. The applicant must live inside the city limits of Dubuque, the business must have fewer than five employees, have been operational for at least 12 months before application, and the applicant must be an individual from a low- to moderate-income household.

Iowa GrantWatch
Iowa GrantWatch offers grants for businesses in virtually every sector, including specific grants for minority or veteran business owners. Grants of up to $25,000 are available to Iowa nonprofit and for-profit organizations in eligible communities.

Targeted Small Business Sole Operator Relief Fund
This fund provides grants to businesses that are owned by a single owner and have no employees prior to March 17, 2020. The business income must be the primary source of personal income for the business owner, and the business must have been in operation for twelve months prior to April 10, 2020.

CARES Act Iowa Small Business Relief Grant Program
The Iowa Small Business Relief Program, part of the CARES Act, offers eligible small businesses grants and permits the deferral of sales and use or withholding taxes.

Iowa Rural Business Development Grant
This grant is available for small businesses in rural areas of Iowa. It is designed to support the growth and development of small-scale businesses and entrepreneurs.

Each grant program has its own specific eligibility criteria and application process. It’s important to thoroughly review all the requirements and guidelines before applying.