Maquoketa is currently targeting companies from the below industries. Expand each industry for more context.
Maquoketa has a strong base in manufacturing, including metal products, machinery, and food processing. This sector provides a significant number of jobs and is a focus for economic development initiatives.
The region around Maquoketa is rich in agricultural production, making agribusiness a key sector for economic development. This includes crop production, livestock farming, and biofuel production, contributing substantially to the local economy.
With natural attractions like the Maquoketa Caves State Park, the area is a draw for tourists and outdoor enthusiasts. This sector offers growth opportunities in hospitality, retail, and recreational services.
Maquoketa Economic Development Team
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Taxes in Maquoketa, IA
Sales Tax: The sales tax rate is 7%, which equates to $7 per $100.
Corporate Income Tax: The corporate income tax rate ranges from 6% to 12%, translating to $6 to $12 per $100 depending on the income bracket.
Property Tax: The property tax rate varies widely, but a common rate is around 1.5%, amounting to $1.50 per $100 of assessed value.
More comprehensive tax data for Maquoketa is coming soon!
Featured Profiles
Business and Tax Incentives in Maquoketa, IA
Maquoketa offers a variety of economic incentives to help businesses at the local, state, and federal level.
Iowa Economic Development Authority (IEDA) Tax Incentives
IEDA offers a range of tax incentives designed to assist businesses with expansion and development projects. These incentives can include tax credits, exemptions, and refunds on sales, service, and use taxes.
High Quality Jobs Program
This program provides qualifying businesses with tax benefits to offset the costs related to occupation or expansion projects. Benefits can include tax credits, exemptions, and/or refunds, aimed at enhancing job creation and quality.
Iowa New Jobs Training Program (260E)
The 260E program supports new employee training for businesses expanding or locating in Iowa. It is funded through bonds financed by the future tax revenues of the new positions, offering a unique way to enhance workforce skills without upfront costs to the business.
Reviews
Let’s see what local businesses have to say about doing business in Maquoketa.
FAQs about Maquoketa, IA
Maquoketa's strategic location, with easy access to major highways and proximity to larger city centers, combined with a diverse and skilled workforce, competitive median household income, and affordable living costs, make it an appealing place for business startups. Its economic diversity and strong sectors such as manufacturing, agriculture, and tourism also contribute to its attractiveness.
The local government, along with the Maquoketa Area Chamber of Commerce and the Jackson County Economic Alliance, actively supports new businesses through initiatives like the Iowa Economic Development Authority (IEDA) Tax Incentives, High Quality Jobs Program, and Iowa New Jobs Training Program (260E). These programs offer tax benefits, financial assistance, and training support to qualifying businesses.
Yes, Maquoketa offers various networking opportunities for business owners through events and programs organized by the Maquoketa Area Chamber of Commerce. These include business workshops, networking events, and seminars designed to foster community among local business owners and entrepreneurs.
Small businesses in Maquoketa have access to a range of resources aimed at growth and development. This includes financial assistance programs like the IEDA Tax Incentives and the High Quality Jobs Program, as well as training opportunities through the Iowa New Jobs Training Program (260E). Additionally, the Maquoketa Area Chamber of Commerce and the Jackson County Economic Alliance provide guidance, support, and networking opportunities.
Yes, businesses in Maquoketa can benefit from tax incentives for employing local talent through programs like the High Quality Jobs Program, which offers tax benefits to qualifying businesses that create high-quality jobs. The Iowa New Jobs Training Program (260E) also supports the training of new employees, encouraging businesses to hire and train local talent.
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