Hiawatha is currently targeting companies from the below industries. Expand each industry for more context.
Hiawatha, IA, has become a burgeoning hub for IT and service-oriented companies, offering a supportive ecosystem for startups and established firms alike. This sector's growth is fueled by the region's investment in high-speed internet infrastructure and a skilled workforce.
The city is home to a range of advanced manufacturing firms, leveraging cutting-edge technologies in automation, robotics, and sustainable production methods. This industry benefits from Hiawatha's strategic location, providing easy access to major markets and a robust supply chain network.
With a focus on innovation and research, Hiawatha's healthcare and biotechnology sector is poised for expansion, driven by an aging population and the increasing demand for medical services and biotechnological advancements. The presence of research institutions and a highly educated workforce supports the growth of this key industry.
Hiawatha Economic Development Team
Liz Mathis
Economic Development Coordinator
Hiawatha Economic Development Corporation
Pat Callanan
President
Hiawatha Economic Development Corporation
Taxes in Hiawatha, IA
Sales Tax: The rate is 7%, which equates to $7 per $100.
Corporate Income Tax: The rate varies from 6% to 9.8%, translating to $6 to $9.8 per $100 based on income brackets.
Property Tax: The rate is approximately 1.5%, or $1.50 per $100 of assessed value.
More comprehensive tax data for Hiawatha is coming soon!
Featured Profiles
Business and Tax Incentives in Hiawatha, IA
Hiawatha offers a variety of economic incentives to help businesses at the local, state, and federal level.
Targeted Small Business Financial Assistance Program
This program is designed to help women, individuals with minority status, service-connected disabled veterans, and individuals with disabilities overcome some of the major hurdles to starting or growing a small business in Iowa. It offers loans and grants to qualified businesses for business development or expansion.
High Quality Jobs Program
This state-level program provides qualifying businesses tax credits and direct financial assistance to off-set some of the costs incurred to locate, expand, or modernize an Iowa facility. It is designed to encourage job creation and capital investment by offering a flexible suite of benefits.
Iowa Economic Development Set-Aside Program
The Iowa Economic Development Set-Aside Program assists businesses and industries requiring direct financial assistance to create or retain jobs, expand, or locate in Iowa. Financial assistance is provided in the form of loans and/or forgivable loans.
Reviews
Let’s see what local businesses have to say about doing business in Hiawatha.
FAQs about Hiawatha, IA
Hiawatha is attractive for tech startups due to its supportive ecosystem, investment in high-speed internet infrastructure, and access to a skilled workforce. The city's strategic position near major markets and its business-friendly environment also contribute to its appeal.
Yes, Hiawatha offers financial incentives for small businesses through programs like the Targeted Small Business Financial Assistance Program, which provides loans and grants to help overcome hurdles to starting or growing a business for women, minorities, service-connected disabled veterans, and individuals with disabilities.
Hiawatha supports the healthcare and biotechnology sectors through its focus on innovation and research. The presence of highly educated workforce and research institutions, along with a growing demand for medical services and biotechnological advancements, drive the expansion of these key industries in the city.
Advanced manufacturing firms in Hiawatha benefit from the city's use of cutting-edge technologies in automation, robotics, and sustainable production methods. The strategic location offers easy access to major markets and a robust supply chain network, providing significant advantages to manufacturing companies.
Yes, businesses in Hiawatha can qualify for state-level financial assistance for job creation through the High Quality Jobs Program. This program provides tax credits and direct financial assistance to help offset costs related to locating, expanding, or modernizing facilities in Iowa, encouraging capital investment and job creation.
Economic development organizations in Hiawatha, such as the Hiawatha Economic Development Corporation (HEDCO) and the Cedar Rapids Metro Economic Alliance, play a crucial role in promoting business growth, supporting local companies, and attracting new investments to the area. They work collaboratively to ensure the economic vitality of Hiawatha and the surrounding region.
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