Iowa Administrative Code
Agency 261 - Economic Development Authority
Part VII - Additional Application Requirements and Procedures
Chapter 171 - Supplemental Credit or Points
Rule 261-171.3 - Good Neighbor Agreements
Current through Register Vol. 47, No. 6, September 18, 2024
Pursuant to Iowa Code section 15A4., for any program providing financial assistance for economic development in which the assistance is provided on a competitive basis, a business which enters into a good neighbor agreement shall receive extra consideration of at least ten points or the equivalent.
(1) Definition. A good neighbor agreement is an enforceable contract between the business and a community group or coalition of community groups which requires the business to adhere to negotiated environmental, economic, labor, or other social and community standards.
(2) Noncompliance. A business which fails to abide by the good neighbor agreement shall repay all financial assistance received under the program.
