Rural Economic Development Loan Program (REDL)

Rural Economic Development Loan Program (REDL) is sponsored by Iowa Area Development Group (IADG). Designed for business expansions in rural areas of Iowa, the REDL program provides 0% interest financing for projects that create jobs in advanced manufacturing and value-added agriculture.

Industrial & Agribusiness Resources in Iowa | IADG Hit enter to search or ESC to close Financial Assistance Project Management Community Development Agribusiness Identifying the right funding for your project. IADG’s team has deep experience navigating federal, state, and local programs to spur investment and help you create jobs. Rural Iowa offers unique financial advantages and our experts can help you leverage them.

Call Us: 515-223-4817 Contact Us Rural Economic Development Loan Program (REDL) Designed for business expansions in rural areas, the REDL program provides up to $1 million in 0% interest financing for projects that create jobs in advanced manufacturing and value-added agriculture. Payment Deferment: Up to 24 months Since inception, IADG members have secured over $165 million in REDL funding statewide.

Rural Economic Development Grant Program (REDG) Supporting community-based projects with up to $360,000 in 0% interest financing, the REDG program empowers local governments and nonprofits to develop infrastructure, education, and healthcare initiatives. To date, IADG has helped members secure $60 million for Iowa projects.

As these loans are repaid, funds return to locally controlled revolving loan funds (RLFs), creating ongoing support for new business and community development projects. New Markets Tax Credits (NMTC) The NMTC program provides a 39% federal tax credit for investors supporting projects in federally designated distressed areas.

IADG partners with Iowa Community Development and Iowa Business Growth to connect qualifying businesses with this powerful incentive. The State of Iowa offers additional direct financial assistance, workforce training funds, and tax incentives. Contact IADG to find the right tools for your project.

IADG’s utility partners manage over $75 million in locally controlled revolving loan funds. IADG will guide you in accessing this flexible, low-cost financing. IADG operates a $2 million revolving loan fund with a goal of helping Iowa’s manufacturers be more efficient.

Loans up to $300,000 are available at 1% interest for equipment replacement projects which provide quantifiable efficiency gains. Reach out to IADG to learn more. Iowa communities and counties have a long history of utilizing Tax Increment Financing (TIF) and Property Tax Abatement for the benefit of growing businesses.

IADG’s experienced staff will help you leverage these local financial tools. Your development partner from initial call to the ribbon cutting. At IADG, project management is the heart of what we do.

Our Business Development team provides hands-on guidance through every phase of site selection, planning, and implementation, ensuring your project stays on schedule, on budget, and on track for success. Call Us: 515-223-4817 Contact Us Convener: We bring together utilities, local officials, and partners to accelerate your project. Location Advisor: We help evaluate shovel-ready sites and existing buildings that fit your needs.

Data Source: We deliver verified data on utilities, workforce, and transportation. Technical Expert: We connect you with engineering and site consultants for design and feasibility. With over 2,700 completed projects and over 40 years of experience , IADG turns opportunities into lasting investments for rural Iowa.

Building stronger communities, together. IADG is dedicated to helping rural Iowa communities prepare for sustainable growth. Working alongside utilities, leaders, and local organizations, we strengthen economic vitality and create communities we can be proud of.

Call Us: 515-223-4817 Contact Us Workforce & Talent Development: Labor analysis, program design, and employer engagement. Leadership & Training: Workshops for boards, elected officials, and community leaders. Community Development Resources: Ripple Effect grants and site readiness support.

Through collaboration, investment, and training, IADG equips communities to attract business, develop talent, and thrive for generations to come. Feeding growth, fueling opportunity.

Call Us: 515-223-4817 Contact Us #1 in corn, ethanol, and egg production Over $17 billion in annual ag-related exports Food & Ingredient Processing Renewable Energy & Biofuels Livestock & Protein Production Iowa State University College of Agriculture and Life Sciences Iowa Workforce Development and community college consortia Iowa Department of Agriculture and Land Stewardship (IDALS) Iowa Economic Development Authority (IEDA) Iowa Corn, Soybean, and Pork Associations BioRenewables Center & ISU Research Park Iowa State Dairy Association Coalition to Support Iowa Farmers Growing the Future Together Whether you’re processing ingredients, producing energy, or advancing ag-technology, IADG connects you with the sites, incentives, and partners that help agribusinesses flourish in Iowa.

Contact us for assistance with your next Iowa project. Call Us: 515-223-4817 Contact Us 2600 Grand Avenue, Suite 430