Targeted Small Business Program

Targeted Small Business Program is sponsored by Iowa Economic Development Authority (IEDA). This program is designed to help women, individuals with minority status, service-disabled veterans, and individuals with disabilities overcome hurdles to starting or growing a small business in Iowa.

Targeted Small Business Program | Economic Development & Finance Authority Targeted Small Business Program Support for Individuals Growing a Business The certified Targeted Small Business (TSB) program is designed to help women, individuals with minority status, service-connected disabled veterans and individuals with disabilities overcome some of the hurdles to start or grow a small business in Iowa.

Support for TSBs occurs through an official third-party certification of the business. Certified TSBs can be found in the online public directory.

Search the public directory of certified Targeted Small Businesses: To start an application to become a certified TSB, start the application: TSB Certification Application Benefits of Becoming a Certified TSB Listing in the online Certified TSB Directory , which is used by public and private buyers across the state Invitation to TSB networking and TSB-exclusive events to meet with other business owners, public purchasing managers and private buyers Introduction to partners who aid with state purchasing, growing your business or connections to other business networks through workshops, webinars and other events Promotion of business as a Certified TSB via the usage of a TSB badge/window cling on marketing materials and storefronts All Iowa state government agencies are required to establish annual TSB spending projections and report quarterly TSB procurement goals.

By becoming a certified TSB and selling products and services to the state, TSBs help the state’s government entities meet these goals.

State Procurement Benefits Access to a bid notification site to view state procurement opportunities 48 hours in advance of posting to the state’s public site - TSBs receive a link and password for the 48-hour website upon certification Ability to access non-competitive bid opportunities for purchases under $25,000 Bond waivers up to $50,000 for state projects if unable to secure a bond because of the lack of experience, net worth or capital State agencies have different levels of procurement authority with unique needs; TSBs are encouraged to be proactive in marketing to them.

To obtain a list of what state agencies purchase and agent contact information or to learn how to become a registered vendor with the state, visit das. iowa. gov/procurement .

Public Purchasing Agents: All TSB 48-hour bid solicitations are directly synchronized from the State of Iowa Bid Opportunities database for 48 hours in advance of being published publicly on that website. If you don't currently post on Bid Opportunities , but wish to, email [email protected] to request a login from the Iowa Department of Administrative Services.

To be eligible for TSB certification, businesses must be: Located in the state of Iowa Make less than $4 million in gross income, computed as an average of the preceding three fiscal years Majority owned (51% or more), operated and managed by a female, individual with minority status, service-disabled veteran or individual with a disability Start an application for TSB certification Targeted Small Business Fact Sheet (2. 1 MB) .

pdf TSB Certification Application (554. 19 KB) .

pdf Additional Resources & Links Additional Services for Section 3 Eligible Businesses Guidelines for Doing Business with the State Iowa Department of Revenue Small Business Development Centers State of Iowa Bid Opportunities U.S. Small Business Administration Small Business Success Stories 2025 Open 4 Business Finalists 2024 Open 4 Business Finalists Main Street Iowa has named five finalists for its annual Open 4 Business Pitch Contest on Monday, Aug.

5, in conjunction with the 2024 Iowa Downtown Conference. AAI/Spalding: Developing Next-Generation Sports Equipment Jefferson manufacturer produces customized equipment including USA Gymnastics competitive trampoline products and the official backboards of the NCAA and NBA. Learn about the latest news and programs at IEDA.