Financial Assistance

Technology Investment Incentives

Iowa's Support for Manufacturing 4.0 Operations

Iowa recognizes the need to help manufacturers incorporate innovative technologies to ensure they continue to remain globally competitive. To boost and ease the transition to increasingly digital operations and functionality, Iowa companies can leverage targeted Manufacturing 4.0 resources.

Manufacturing 4.0 Technology Investment Grant Programs

Anticipated launch date: Late September 2021

  • Manufacturing Innovation Equipment Grants - Eligible companies can apply for grants up to $50,000 for the purchase of specialized equipment aimed at helping manufacturers increase productivity, efficiency and competitiveness.
  • Manufacturing Industrial Internet of Things (IIoT) Infrastructure Investment Grants - Eligible companies can apply for grants up to $25,000 for the purchase of specialized hardware or software in the Industry 4.0 technology groups.
To be eligible for the grants, Iowa manufacturers must have:
  • A minimum of 3 employees and fewer than 75 full-time employees across all locations
  • NAICS codes 31-33 (used in the Manufacturing 4.0 report)
  • A minimum of 51% of their revenue derived from the sale of manufactured goods
  • Been in operation for at least three years
For more information on the Manufacturing 4.0 grants, view the fact sheet: To schedule a Manufacturing 4.0 Assessment provided by the Center for Industrial Research and Service (CIRAS) that is required to be submitted along with your grant application, click here. Although the grant application has not yet open, Iowa manufacturers may schedule their assessment in advance of the launch.

Information regarding the application will be updated here on this page at a later date, however, you can reach out to info@iowamfg.com with questions.

Bonus Depreciation
Iowa's state's tax code conforms with the federal government's allowance for all businsesses to declare bonus depreciation on equipment and capital assets in the first year.
  • On  June 16, 2021, Governor Kim Reynolds signed into law Senate File 619, which updates the state's tax code. The legislation retroactively conforms state tax code with the federal bonus depreciation for capital assets, such as equipment, that were placed into service on or after January 1, 2021. Federal bonus depreciation is currently available at 100% of asset cost.
Please work with your tax service provider to utilize this benefit.

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