The Humboldt County Development Association is committed to assisting with the financial solutions businesses need to locate or expand in Humboldt County.  Aside from providing information and resources on state and federal programs, low interest loans are also available through HCDA and partner organizations.  In addition, Humboldt County also offers tax incentives to new or existing businesses located in qualifying areas.  For assistance with any of the programs listed here or for additional information on financing options available please contact HCDA Director, Alissa O’Connor, directly at 515.332.2557.

For a complete listing of the Financial Assistance Programs available click here.

Tax Increment Financing (TIF)

The Humboldt City Council has approved the use of property taxes resulting from the increase in taxable valuation due to construction/reconstruction of new industrial or commercial facilities to foster economic development activities. City councils or county boards of supervisors may use the property taxes resulting from the increase in taxable valuation due to construction of new industrial or commercial facilities to provide economic development incentives to a business or industry. Tax increment financing may be used to pay the cost of public improvements and utilities that will serve the new private development, to finance direct grants or loans to a company, or to provide a local match for federal or state economic development assistance programs. TIF does not increase a company's property taxes, but it allocates virtually all of the taxes that are paid back to the city or county, where they may be spent to benefit the company.

Humboldt County Development Association Revolving Loan Fund

Humboldt County Development Association (HCDA) administers a USDA Rural Development Revolving Loan Fund of approximately $800,000. Loan funds can be used to leverage a prospective applicant’s capital in the development project, and are available for industrial and commercial business expansions for the County of Humboldt. The HCDA revolving loan fund is utilized for gap financing to help strengthen conventional financing packages.

Eligible Uses of Funds include, but are not limited to, the following:

  • Business or Industrial acquisitions
  • Business Construction and Expansions
  • Equipment and Machinery
  • Start-up Operating Costs and Working Capital

An application process is required.

Contact Humboldt County Development Association, Alissa O'Connor, Humboldt County Economic Development Director, 29 Fifth Street South, Humboldt, IA 50548, phone 515.332.2557, or e-mail:

High Quality Job Creation Program (HQJC)

The HQJC program is designed to promote the creation of quality jobs by assisting businesses locating, expanding or modernizing their facilities in Iowa. To be eligible, businesses must meet criteria relating to targeted industries, employee benefits, and building specifications, among others

The program offers a package of tax credits, exemptions and/or refunds to approved businesses. The level of assistance is based on the amount of qualifying investment and the number of new jobs that meet wage targets.

Iowa Central Community College Job Training Programs

Iowa Central Community College (ICCC) has been one of Humboldt County’s most active economic development partners. The purpose of the job-training programs is to lower a company’s cost of expanding employment and training employees in new jobs. The employees benefit by expanding their job skills and abilities.

Iowa New Jobs Training Program (260E)

The Iowa New Jobs Training Program was developed to assist businesses that are creating new jobs. If the company is expanding Iowa operations or locating a new facility in the state, the New Jobs Training Program can provide flexible funding to meet the wide variety of training and employee development needs for its new employees. The assistance available ranges from highly specialized educational programs to basic skills training for new positions. This program is administered through Iowa’s Community College Network. 

Iowa Jobs Training Program (260F)

The Iowa Jobs Training Program invests in customized training for existing Iowa employers. Businesses with employee development or training needs should contact their local community college, Iowa Central Community College.

The Community College assists businesses with funding. The maximum award is $25,000 for each project, provided the company offers a minimum 25 percent cash match. A business site may be approved for multiple projects—with maximum funding over three years not to exceed $50,000 per site.

New Jobs Tax Credit

Businesses entering into an agreement under the state’s training program and which increase their workforce by at least 10 percent, qualify for this credit to their Iowa corporate income tax. The credit is equal to 6 percent of the state unemployment insurance taxable wage base. The tax credit can be carried forward up to 10 years.

MIDAS Council of Governments Revolving Loan Fund

MIDAS Council of Government’s administers a revolving loan fund that is designed to encourage new or expanded development activities in the north central Iowa counties of Calhoun, Hamilton, Humboldt, Pocahontas, Webster, and Wright. The primary purpose of this program is the creation and retention of quality jobs. This program meets this goal by bridging the financial gap that exists between the amount of private lending institutions are willing to commit for project development and the total amount needed to bring opportunities to completion.

Midland Power Coop and Corn Belt Power Cooperative Revolving Loan Fund

Midland Power Cooperative, in partnership with Corn Belt Power Cooperative, strives to create business opportunities for its customer-owners and the Humboldt area. The cooperatives offer a full spectrum of development services and resources.

The Programs:

  • Intermediary Relending Program (IRP) & Rural Economic Development Loan and Grant Program (REDLG) – improve the quality of life in rural areas by contributing to long-term improvement in the local economy.
  • Joint Venture Loan Financing – provides low-interest loans for business creation, location and expansion.
  • Industrial Site Development – assists with financing, infrastructure, and development of industrial parks and sites.
  • Speculative Building Development – assists with the financing, construction, and marketing of speculative industrial buildings to meet the needs of new and expanding businesses.
  • Housing Development – works with member systems and communities to promote affordable housing, start new housing developments and build speculative housing
  • Economic Development Rates – promote business growth and reward company’s ability reduce peak load

The Services

In addition, our staff can assist with:

  • Power Needs Analysis
  • Competitive Rate Design
  • Financial Packaging
  • Marketing Assistance

For more information, contact Jim Vermeer, Vice President of Business Development at Corn Belt Power Cooperative, 515.332.2571 ext. 7727, or visit their website at:

Nondiscrimination Statement
In accordance with Federal civil rights law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating based on race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs). Remedies and complaint filing deadlines vary by program or incident.