Sen. Pat Ward: Jobs Program has Driven $7.4 Billion in Investments Since 2004

By Sen. Pat Ward

Economic recovery in Iowa is a top priority – and bringing new jobs to our state is a “must do” if we are going to grow.

Last week, we approved a bill to expand the program to provide project completion assistance for businesses interested in coming to Iowa or expand in our state. The Economic Development Authority works with businesses to help them make investments and create jobs in Iowa. These projects require a working partnership between the business, the local community, and the state in which everyone brings something to the table to make the project a success.

What action do you think the Iowa Legislature should take to bring more jobs to West Des Moines and Iowa? Tell us in comments.

The High Quality Jobs program has been a highly effective economic development tool for Iowa. Since 2004, it has driven $7.4 billion in capital investment and incented 13,820 high-paying jobs throughout the state. Over the life of the program, the Economic Development Authority has estimated that $2 in tax revenues have been returned to the state for every $1 in tax incentives provided.

The bill we approved last week further improves this already effective program by providing for loan-based assistance to complement the tax incentives currently available under the program. The High Quality Jobs program protects taxpayers by performing due diligence on all applications for assistance and by demanding accountability from the businesses that receive awards.

I remain focused on our mission of creating career opportunities for Iowans and rebuilding our local economies. As we continue to look at ways to encourage job growth throughout Iowa, it’s critical that we have the right tools to compete. Our focus is clear and our mission of improving the job creation environment in our state is resolute. Day in and day out, I will fight for legislation that improves our economy, grows our communities and puts Iowans back to work.

Contact Me

We have another community forum scheduled in West Des Moines City Council Chambers from 9:30-11 a.m. on Saturday, March 24. Everyone is welcome. I am your voice at the State Capitol and look forward to your input. You can reach me by calling the Capitol at (515) 281-3371 or emailing me at pat.ward@legis.iowa.gov. Your thoughts and concerns remain very important to me – it is truly an honor to serve you in the Iowa Senate.