A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of t...

Summary

The bill establishes the EDGE program to give tax credits to eligible out‑of‑state companies that locate or keep corporate headquarters in Iowa, and creates a training fund to reimburse qualifying workforce training costs. It also sets up a biennial state load‑forecasting report and a small utility‑fund to pay for it, while ending the existing New Jobs tax credit program. The measures affect businesses, community colleges, utilities, and state agencies.

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