Iowa Administrative Code
Agency 261 - Economic Development Authority
Part IV - Business Development Division
Chapter 52 - Iowa Targeted Small Business Certification Program
Rule 261-52.7 - Cottage Industry
Universal Citation: IA Admin Code 261-52.7
Current through Register Vol. 47, No. 6, September 18, 2024
A cottage industry business may be eligible for certification as a TSB.
(1) Characteristics of these businesses include, but are not limited to:
a. At least 51 percent of business equipment
shall be owned by targeted group persons.
b. Business risks and profits shall be borne
by the targeted group person owner(s) proportionate to the owner's
ownership.
(2) The intent of targeting some small businesses is to identify those businesses which have been traditionally excluded from economic growth. Therefore, for a cottage industry business, the residence and any adjacent outbuildings used by the cottage industry may be owned jointly with other family members.
(3) All other TSB eligibility standards apply to the cottage industry.
Disclaimer: These regulations may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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