Iowa Economic Development Authority FY2021 Annual Report, 2021

(2021) Iowa Economic Development Authority FY2021 Annual Report, 2021. Iowa Economic Development Authority

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Abstract

This year’s annual report contains projects awarded through IEDA’s business development programs after January 1, 2011. Additionally, any awards approved prior to 2011 that were not in a closed status prior to the date of the database migration, Sept. 1, 2018, are included in this report. During the 11 years covered in this report, governors, economic development directors and programs like the Grow Iowa Values Fund and others have come and gone. Multiple business assistance programs have been in effect during the period covered in this report. It’s important to note, program requirements changed over the period covered, either due to legislative or administrative rule changes or internal contracting and policy modifications. Some programs, when created, did not have job requirements but later required them. Economic fluctuations during the reporting period also influence outcomes, significantly impacting the ability to meet job and investment requirements. Some projects outlined in this report were caught in the 2008 and 2020 recession that produced poor market conditions.