The City of Elkader offers tax rebates in select situations to assist a new or expanding business in making improvements to their property. When taxes are rebated, the property owner continues to pay taxes on the property and the City reimburses them for a portion of those taxes. Contact the City Administrator at (563)245-2098 or by email at firstname.lastname@example.org to determine the details of the agreement.
Revolving Loan Funds
Funding is offered to new or expanding businesses via Revolving Loan Funds. The Elkader Development Corporation offers up to $5,000 and the Upper Explorerland Regional Planning Commission in Postville offers up to $150,000. These loans are available to businesses for which credit is not otherwise available on terms and conditions that permit completion of proposed business activities.
Contact us for more information.