Bulletin Board

Programs Help State's Start-Ups

Iowa -- Iowa businesses involved in fast-growth industries can apply for start-up or expansion capital through two programs designed to encourage business growth and job creation in the Hawkeye State.

The Entrepreneurial Ventures Assistance (EVA) program offers business owners who have or are in entrepreneurial training from a John Pappajohn Entrepreneurial Center or the equivalent up to $20,000 for a specific project.

Firms must be located in Iowa and working in biotechnology; recycling; software development or computer-related products; advanced materials such as powdered metals; advanced manufacturing; or medical or surgical instruments. Businesses outside these sectors are also eligible but must provide strong rationale for how their industry enhances Iowa's economy. Businesses working in retail sales, health-care provision or product-distribution are ineligible.

Entrepreneurs needing more than $20,000 may apply for an equity-like investment of up to $100,000 through the Venture Project, which is part of Iowa's Community Economic Betterment Account.

For more information about EVA, call Georgia Soliday at (515) 242-4793; for details on the Venture Project, call Ken Boyd at (515) 242-4819.

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This article was originally published in the February 1999 print edition of Entrepreneur with the headline: Bulletin Board.

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