Iowa Economic Development Authority has unveiled its Project Alluvion, which will grant $18 million in sales tax rebates for Microsoft to create a data center in West Des Moines.
The data center will pull in at least 86 jobs and boost the area's economic development. Project Alluvion is the code name the city of West Des Moines used for a mystery company that guarantees job creation in exchange for funding help from the city and the state.
Federal Programs Related to - Community Development, General/Other
Programs that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of a community or neighborhood and improving the quality of life for all. Community Building; Community Capacity Building; Community Development and Improvement; Community Development Block Grants; Healthy Communities Community Economic Development Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones
Federal Programs Related to - Business Districts Revitalization
Programs that encourage or provide for the renewal or rehabilitation of office buildings, factories and other structures in old and rundown sections of commercial districts in order to attract investment in business and industry and provide jobs for the community. Central Business Districts Revitalization; Downtown Revitalization; Main Street; Street Festivals
Federal Programs Related to - Philanthropy, Voluntarism & Grantmaking, General/Other
Private nonprofit organizations whose primary purpose is to promote the practice of charitable giving and volunteering or to represent and serve a wide range of philanthropic and charitable institutions.
Federal Programs Related to - Public, Society Benefit, General/Other
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Federal Programs Related to - Community Economic Development
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Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones
The proposed Social Investment Tax Relief (SITR) has UK civil society and social organizations stirred up this season. The supposed tax relief on investment in social impact bonds will support the UK social economy.
Iowa\'s Project Alluvion to Grant Millions to Microsoft to Spur Jobs