Starting Your Small Business in Emmetsburg
EMU New Business Incentive
Emmetsburg Municipal Utilities (EMU) offers new businesses a 50% reduction in utility gas rates for a one year period, up to $2,500. To quality a business must: be in the first year of business, use EMU’s natural gas as the main heat source, be a small business (2+ full time employees or equivalent) engaged in the sale of goods or services directly to the consumer, be in a commercially zoned area of the City of Emmetsburg, and be a member of the Emmetsburg Chamber of Commerce.
All qualified real estate assessed as commercial is eligible to receive a one hundred percent (100%) exemption from taxation on the actual value added by improvement. The exemption is for a period of three (3) years.
Emmetsburg Municipal Utilities Revolving Loan Fund
Emmetsburg Municipal Utilities (EMU) offers gap financing in the form of reduced rate loans to bridge the financial gap that exists between owner equity and the amount lending institutions are willing to commit to the project. The program is designed to encourage new business development in Emmetsburg as well as expansion and retention of existing business. Rate and terms vary by project. Contact Emmetsburg Marketing & Retail Coordinator Gretchen Reichter at 712.415.1142 to learn more.
Palo Alto County EDC Revolving Loan
The Palo Alto Economic Development Corporation (PACEDC) offers gap financing at a reduced rate to support growth of community industrial parks and entices businesses and industry to expand in Palo Alto County. Rate and terms vary by project. Generally, the term of the loan shall not exceed ten years, and the loaned funds shall provide no more than 35% of the financing for any project, up to a maximum of $50,000. Contact PACEDC Executive Director Maureen Elbert at 515.295.7979 to learn more.
NWIPDC Revolving Loan Fund
The Northwest Iowa Planning and Development Commission (NWIPDC) provides financial assistance to bridge the financial gap that exists between the amount private lending institutions are willing to commit for project development and the total amount needed to bring opportunities to completion. The purpose of the RLF is to support business activities for which credit is not otherwise available on terms and conditions which would permit completion and/or the successful operation or accomplishment of the project. The creation and retention of quality jobs serves as the main objective of this program. To learn more, contact Northwest Iowa Planning and Development Commission at 712.262.7225.
Small Business Development Center
The Small Business Development Center (SBDC) provides confidential, complimentary business coaching services including business plan development, market research, marketing strategies and cash flow projections.
IA SourceLink helps small businesses succeed by providing complimentary and easy access to assistance necessary to start and grow a business.
Resource Navigator: portal connecting entrepreneurs to a network of nonprofits that provide services to help small businesses
Business Concierge: provides personalized assistance and referrals
Business License Info Center: information on licenses, permits, and regulatory information
GET A TAX ID AND REGISTER FOR STATE/LOCAL TAXES
In many cases, businesses need to obtain a federal Tax Identification Number, known as an Employer
Identification Number (EIN). In addition, businesses may need to register with the State to obtain a tax identification number to pay state and local taxes.
Small Business Resources
Small Business Development Center
The Small Business Development Center (SBDC) provides free, confidential, customized business
coaching services covering a wide range of business topics and issues including:
- Business Planning
- Financial Analysis
- Financing Opportunities
- Cash Flow Projections
- Customer Discovery
- Export Assistance
- Business Transition
- Business Growth
- Business Growth Strategies
- Marketing Strategies
Request business counseling online: