Economic Incentives

GDRC can help secure economic incentives from the City or State. Here's a brief description of incentives available from the City of Davenport.

Property Tax Incentives- The City of Davenport is able to provide property tax incentives to businesses locating in the Eastern Iowa Industrial Center. Incentives are based on the amount of capital investment combined with the quality of job creation.

Economic Development Loans- The City of Davenport may be able to provide low-to-no interest loans for business that are creating new jobs in the Davenport area.

High Quality Jobs Program- The High Quality Jobs Program is offered by the State of Iowa and provides qualifying businesses tax benefits and direct financial assistance to off-set some of the costs incurred to locate, expand or modernize an Iowa facility.

Bi-State Revolving Loan Fund- The Bi-State Revolving Loan Fund makes below market-rate loans to fill permanent financing gaps and leverage private financial investment for businesses that create new jobs. The BSRLF is based upon job creation with a maximum of $7,500 per job created.