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IEDA chief seeks to revamp incentives as Iowa's tax climate shifts, job growth lags

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Iowa Economic Development Authority head Debi Durham believes a better-aligned, smaller set of tax credits can do more than those the state now offers
The article from MSN discusses the efforts of Debi Durham, the director of the Iowa Economic Development Authority (IEDA), to revamp economic incentives in Iowa due to shifts in the state's tax climate and lagging job growth. Despite Iowa's ranking as having the 10th best business tax climate by the Tax Foundation, the state has experienced a decline in job growth, dropping from 15th to 33rd in the U.S. over the last decade. Durham is focusing on modernizing incentives to better support small businesses and startups, which are seen as key drivers of economic growth. She highlights the need for incentives that are more accessible and less restrictive, aiming to foster an environment where businesses can thrive. Additionally, there's an emphasis on addressing workforce shortages and enhancing quality of life to attract and retain talent. The article also touches on the political dynamics, with Governor Kim Reynolds pushing for a comprehensive economic development bill, indicating a collaborative approach to economic strategy in the state.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/ieda-chief-seeks-to-revamp-incentives-as-iowa-s-tax-climate-shifts-job-growth-lags/ar-AA1xN213 ]