Current through Register Vol. 47, No. 6, September 18, 2024
Pursuant to Iowa Code section 15G.111 as amended by 2009
Iowa Acts, Senate File 344, section 2, $50 million is appropriated from the
grow Iowa values fund to the department each fiscal year for the fiscal period
beginning July 1, 2009, and ending June 30, 2015. If the full $50 million is
appropriated in a fiscal year, the fund moneys are allocated as described
below. If less than $50 million is appropriated in a fiscal year, then the
amount available will be reduced on a pro-rata basis. The fund moneys are
allocated as follows:
1. $32M-For:
* Departmental administrative costs,
* Awards of financial assistance from the grow Iowa values
financial assistance program established in 2009 Iowa Acts, Senate File 344,
section 3,
* Marketing,
* A statewide labor shed study,
* Responding to opportunities and threats,
* Technical assistance and information technology,
* Guarantees in existence as of July 1, 2009, under the loan
and credit guarantee program,
* Renewable fuels infrastructure program for FY 2010 ($2M),
and
* $1M for FY 2010 for research and development related to
renewable energy pursuant to 2009 Iowa Acts, House File 817.
2. $3M-For deposit in the innovation and commercialization
fund created by 2009 Iowa Acts, Senate File 142.
3. $5M-To the state board of regents for institutions of
higher learning under the control of the state board of regents, for specific
activities.
4. $IM-For projects in targeted state parks, state banner
parks and destination parks.
5. $IM-For the cultural trust fund administered by the
department of cultural affairs.
6. $7M-For workforce training and economic development funds
of the community colleges.
7. $IM-For economic development region initiatives.
(1)
Board allocation of appropriation
to fund for departmental purposes -$32M. Of the
annual appropriation to the fund, the board may allocate $32 million (or a
pro-rata amount if the annual appropriation to the fund is less than $50
million) for the following activities:
a.
Departmental administrative costs. The board may allocate a portion of the
funds to cover administrative costs. No more than $600,000 may be allocated for
administrative costs.
b. Awards of
financial assistance from the grow Iowa values financial assistance program
established in 2009 Iowa Acts, Senate File 344, section 3. The grow Iowa values
financial assistance fund consists of six components. The rules for the six
components may be found in 261-Chapter 74.
c. Marketing. The board may allocate a
portion of the amount available for departmental purposes for marketing
proposals pursuant to Iowa Code section 15G.109.
d. Statewide labor shed study. The board may
allocate a portion of the funds available to authorize a statewide labor shed
study in coordination with the department of workforce development.
e. Responding to opportunities and threats. A
portion of the funds may be allocated by the board to respond to opportunities
and threats. The rules for this activity are found in 261-Chapter 75.
f. Technical assistance and information
technology. The board may allocate a portion of the funds available for
procuring technical assistance from either the public or private sector and for
information technology purposes.
g.
Loan guarantees in existence as of July 1, 2009, under the loan and credit
guarantee program.
h. Renewable
fuels infrastructure fund established in Iowa Code section 15G.205. For fiscal
year 2010, $2 million shall be allocated to the renewable fuels infrastructure
fund established in Iowa Code section 15G.205.
i. Renewable energy research and development.
For fiscal year2010,$1 million for research and development related to
renewable energy pursuant to 2009 Iowa Acts, House File 817.
(2)
Funding to the state
hoard of regents for institutions of higher learning under the control of the
state hoard of regents for specific activities -$5M.
a.
Use of funds. Five
million dollars (or a pro-rata amount if the annual appropriation to the fund
is less than $50 million) is available for financial assistance to institutions
of higher learning under the control of the state board of regents (Iowa State
University (ISU), University of Iowa (U of I), University of Northern Iowa
(UNI)). These funds must be used for capacity building infrastructure in areas
related to technology commercialization, for marketing and business development
efforts in areas related to technology commercialization, entrepreneur ship,
and business growth, and for infrastructure projects and programs needed to
assist in the implementation of activities under Iowa Code chapter 262B.
(1) In allocating moneys to institutions
under the control of the state board of regents, the state board of regents
shall require the institutions to provide a one-to-one match of additional
moneys for the activities funded with moneys provided under this
subrule.
(2) The state board of
regents may allocate moneys available under this subrule for financial
assistance to a single biosciences development organization determined by the
department to possess expertise in promoting the area of bioscience
entrepreneurship. The organization must be composed of representatives of both
the public and the private sector and shall be composed of subunits or
subcommittees in the areas of existing identified biosciences platforms,
education and workforce development, commercialization, communication, policy
and governance, and finance. Such financial assistance shall be used for
purposes of activities related to biosciences and bioeconomy development under
Iowa Code chapter 262B and to accredited private universities in this
state.
b.
Annual state hoard of regents report. Each fiscal year, the state
board of regents shall report how the funds were used and allocated among ISU,
U of I, UNI, a bioscience organization, and private universities. The report
shall be submitted to the department by July 31. In order to determine the
impact of the funding applied to accelerate research leading to commercial
products/processes and to measure activities that demonstrate successes, the
annual report shall include, at a minimum, the following information:
(1) Research and development
commercialization agreements executed with Iowa companies (the number, the
dollar amount).
(2) Corporate
sponsored funding for R&D by Iowa companies (the number, the dollar
amount).
(3) University centers and
institutes: core laboratory equipment utilized and services provided (hours,
samples, dollar amount).
(4)
License and option agreements executed with Iowa companies (the
number).
(5) New Iowa companies
formed and jobs created from the result of licensed technologies (the
number).
(6) Revenue to Iowa
companies (based on sales) as a result of licensed technologies (the dollar
amount).
c.
Board action. The board shall review the annual report from the state
board of regents and accept, or request additional information regarding, the
use of the $5 million allocation from the grow Iowa values fund to the state
board of regents. The board will include in its annual grow Iowa values fund
report that is required to be submitted by January 31 each year pursuant to
Iowa Code section
15104(9). an
evaluation of the annual report received from the state board of
regents.
(3)
Funding for projects in targeted state parks, state hanner parks and
destination parks -$1M.
a.
Use of funds. One
million dollars (or a pro-rata amount if the annual appropriation to the fund
is less than $50 million) is available for purposes of providing financial
assistance for projects in targeted state parks, state banner parks, and
destination parks. For purposes of this subrule, "state banner park" means a
park with multiple uses and which focuses on the economic development benefits
of a community or area of the state.
b.
Annual DNRplan. The
department of natural resources shall submit a plan to the department for the
expenditure of moneys allocated under this subrule. The plan shall focus on
improving state parks, state banner parks, and destination parks for economic
development purposes.
c.
Board action. The board shall approve, deny, modify, or defer
proposed expenditures under the proposed plan for use of the $1 million
allocation from the grow Iowa values fund for state parks. Upon approval of the
plan, a contract shall be executed between the department and the department of
natural resources to provide financial assistance to the department of natural
resources for support of state parks, state banner parks, and destination
parks.
(4)
Funding for the cultural trust fund administered hy the department of
cultural affairs -$1M. One million dollars (or a
pro-rata amount if the annual appropriation to the fund is less than $50
million) shall be allocated by the department for deposit in the Iowa cultural
trust fund created in Iowa Code section
303A4.
and administered by the department of cultural affairs. The department shall
transfer the moneys allocated from the grow Iowa values fund for this purpose
to the treasurer of state.
(5)
Funding for workforce training and economic development funds of the
community colleges -$7M. Seven million dollars (or a
pro-rata amount if the annual appropriation to the fund is less than $50
million) is allocated for deposit into the workforce training and economic
development funds of the community colleges created pursuant to Iowa Code
section 260C. 18A. The department shall transfer the moneys allocated from the
grow Iowa values fund to the workforce training and economic development
fund.
(6)
Funding for
economic development region initiatives -$1M.
a.
Funds available. One
million dollars (or a pro-rata amount if the annual appropriation to the fund
is less than $50 million) is available for providing assistance to economic
development regions. These moneys are allocated as follows:
$350,000-To ISU, for establishment of small business
development centers in certain areas of the state.
$50,000-To the department, for assistance to Iowa business
resource centers authorized in Iowa Code section 15G.111 as amended by 2009
Iowa Acts, Senate File 344, section 2.
$600,000-To the department, for financial assistance to
economic development regions, for the establishment of a regional economic
development revenue-sharing pilot project.
b.
Allocation of $600,000 for
economic development region initiatives. The board shall annually
allocate the $600,000 available under this subrule for economic development
region initiatives. The $600,000 is available for the following:
(1) Financial assistance to economic
development regions. A portion of the $600,000 may be allocated for financial
assistance to economic development regions. An economic development region may
apply for:
1. Financial assistance for
physical infrastructure needs;
2.
Financial assistance to assist an existing business threatened with closure due
to the potential consolidation of an out-of-state location;
3. Financial assistance to establish and
operate an entrepreneurial initiative.
(2) Regional economic development
revenue-sharing pilot project. The department may establish and administer a
regional economic development revenue-sharing pilot project for one or more
regions. The department shall take into consideration the geographical
dispersion of the pilot projects. The department shall provide technical
assistance to the regions participating in a pilot project.
(3) Designation as an economic enterprise
area. An economic development region may apply to the department for approval
to be designated as an economic enterprise area. The department shall approve
no more than ten regions as economic enterprise areas.
