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Iowa Economic Development Authority
Iowa Economic Development Authority is a state agency based in Des Moines, Iowa, founded in 2011. It serves sectors such as bioscience, manufacturing, and...
Iowa Economic Development Authority
Iowa Economic Development Authority is a state agency based in Des Moines, Iowa, founded in 2011. It serves sectors such as bioscience, manufacturing, and finance and insurance. The organization provides resources and support for business expansion, community development, and international trade and investment.
General information
Firm type
other
Year founded
2011
Location
Region
North America
Country
United States
City
Des Moines
Corporate office
Des Moines, IA, United States
Principals
Debi Durham
Director
Kayla Lyon
Deputy Director
Sector focus
Frequently asked questions
Does the Iowa Economic Development Authority function like a family office or investment firm?
No. The IEDA is a state government agency that uses tax credits, grants, and loans to attract and retain businesses in Iowa. It does not manage a commingled fund or seek external investment partners — capital is appropriated by the Iowa state legislature.
What types of incentives does the IEDA provide?
The IEDA administers programs like the High Quality Jobs Program (tax credits on new job creation), Research Activities Credit, workforce training grants, and site development grants. It also issues bonds via the Iowa Finance Authority for infrastructure and housing projects (per the IEDA website).
How is the IEDA governed?
The authority reports to an appointed board (the Iowa Economic Development Board) and the governor. The director is appointed by the governor with board approval. Decisions are made in public meetings under Iowa open-records law.
What sectors does the IEDA target?
The agency prioritizes advanced manufacturing, renewable energy, biosciences, technology (data centers), and agribusiness. It explicitly avoids direct investment in out-of-state projects (per public statements by Director Durham).
Is the IEDA related to the Iowa Finance Authority?
Yes. The Iowa Finance Authority is a separate state agency that operates under the IEDA's umbrella, handling housing bonds and infrastructure financing. The two entities share staff and board appointments.
Can the IEDA co-invest with private equity or venture capital firms?
No formal co-investment program exists. The IEDA provides grants and tax credits directly to companies, often in conjunction with local economic development groups, but does not take equity stakes or co-invest as an LP.
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