The new Iowa Economic Development Authority Board will help redesign the state’s incentives, find better ways to spark innovation, and explore ways to improve worker skills.
Debi Durham, the state’s economic development director, told board members who will oversee the authority that they will help reshape the state’s job-creation efforts and push Gov. Terry Branstad’s goal of creating 200,000 new jobs and increasing family incomes 25 percent over the next five years.
Durham said the agency and board will work together to craft a new $25 million to $30 million incentives program that will go to lawmakers next year for consideration; look at ways to certify worker skills, adding that “a high school diploma isn’t enough;” and create a new nonprofit group that will lead the charge for creating a $100 million seed fund to spark innovation in the state.
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