The Targeted Small Business (TSB) Assistance Program supports the creation and expansion of small business that are certified as “targeted small businesses”.
A Targeted Small Businesses Certification must be approved by the Iowa Department of Inspections and Appeals http://www.dia.iowa.gov/page7.html before applying for or receiving TSB funds.
To be qualified to receive funding, your business must:
- be located in Iowa
- be operating for a profit
- have less than $4 million in annual gross income, computed as an average of the preceding three fiscal years
- have at least 51% of the business must be owned, operated and actively managed by a female, a minority group member or a person with a disability
Awards are made on a per project basis with the maximum award not exceeding $50,000 for a single project.
To find out more about the program or if you qualify got to: http://www.iowaeconomicdevelopment.com/business/tsb.aspx