CITY OF PERRY, IOWA
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City of Perry Incentives 

​The City of Perry is dedicated to encouraging the growth of of both business and residential development in Perry. Perry primarily uses property tax-based financial assistance to support businesses and developers building and expanding within our community, because incentives attract and promote investment, employment, and opportunity in the Perry. Incentive packages are generally considered on a case-by-case basis and are designed to meet the needs those locating or expanding in the City of Perry.

Tax Increment Financing

The City of Perry uses Tax Increment Financing (TIF) by capturing a portion of the increased tax revenue created by improvements that result in new taxable property valuation. The new revenue may be redirected to reduce the cost of infrastructure improvements or as a tax rebate to a business. Please note that TIF has both categorical and geographic requirements; not all projects will qualify.

Interested prospects click here to access the necessary forms and submissions.

​Residential Tax Abatement 

The City of Perry has adopted a Residential Tax Abatement program for new construction and rehabs of residential dwelling units.
 Tax abatement is provided according to the following scale:
                                                                                                                                                          
​                           New Construction                Improvements
Year 1                  100%                                   100%
Year 2                  100%                                   100%
Year 3                  100%                                   100%
Year 4                  100%                                   100%
Year 5                  100%                                   100%
                     Year 6                   85%                        exemption period ends
                     Year 7                   60%                        exemption period ends
                     Year 8                   45%                        exemption period ends
                     Year 9                   30%                        exemption period ends
                     Year 10                 15%                         exemption period ends

Click Here to Learn More About Our Tax Abatement Program.   

Industrial Property Tax Exemption 

​The Industrial Property Tax Exemption incentive provides a phasing-in of the increase in taxable property valuation as a result of a business' investment in Perry. Tax exemption is provided according to the following scale: 

Year 1- 75% exemption of additional taxable value
Year 2- 60% exemption of additional taxable value
Year 3- 45% exemption of additional taxable value
Year 4- 30% exemption of additional taxable value
Year 5- 15% exemption of additional taxable value

City of Perry Business Revolving Loan Fund

The general intent of the Business Revolving Loan Fund is to help local businesses to maintain and enhance their properties in Perry.  The city strives to maintain a vibrant business climate and to insure economic stability in the community along with sustaining the buildings that house Perry’s businesses. 

This revolving loan fund provides monies, at a low interest rate, that may be used to fund projects to sustain and/or enhance a building in Perry by a qualified business, and the related costs and expenses as allowed by applicable City ordinances and State statutes.
1. Façade improvements, including windows and doors
2. Complete roof replacement and/or repairs
3. Interior remodel
4. Heating, cooling, and plumbing replacements, extra consideration for green initiatives
5. Mechanical and lighting improvements, extra consideration for green initiatives
6. Extra consideration will be given to projects using local contractors.

City of Perry Business Loan Fund Online Application
Perry Business Loan Fund Information and PDF Application
File Size: 53 kb
File Type: pdf
Download File


​Downtown Upper Story Housing Pilot Program

The City of Perry has adopted a pilot program to assist in financing the restoration of downtown upper story dwelling unit
​Click Here to Apply
DUSH Pilot Program Information
File Size: 101 kb
File Type: pdf
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Minburn Communications Revolving Loan Fund

Supporting rural vitality and making an impact in our community is a core value for Minburn Communications. To support this, the company established a Revolving Loan Fund (RLF) capitalized at $360,000.  Through the RLF, Minburn Communications is seeking to improve the quality of life in rural areas by contributing to the long-term improvement of the economy to benefit job creation and retention, diversification, improving the education and skills of the local workforce, and upgrading the public infrastructure to improve the health, safety, and/or medical care of rural residents in Minburn, Woodward, Perry and rural Dallas County.

The $360,000 is comprised of a $30,000 grant from Ripple Effect, a $30,000 match from Minburn Communications and a $300,000 USDA grant. The Revolving Loan Fund gets tis name from the revolving aspect of loan repayment, where the central fund is replenished as individual projects pay back their loans within 10 years, creating the opportunity to issue other loans to new projects.

The minimum RLF loan available from Minburn Communications is $25,000, the maximum is $150,000 and the project must include a minimum of 20% funding from other sources. 

Eligible Applicants include any business venture, governmental public body, or non-profit entity involved in a community or economic development project that creates or saves jobs and/or provides needed community facilities that benefit rural areas in the State of Iowa. If you have a qualifying project and meet the eligibility requirements, we encourage you to visit www.minburncomm.com to learn more. 

Dallas County Revolving Loan Fund

This loan fund is administered by the Greater Dallas County Development Alliance. 
​This fund provides financial assistance to businesses that plan to make a capital investment to create new job opportunities and/or retain existing jobs in Dallas County.
The assistance is provided in the form of low-interest loans with a maximum award of $50,000 possible.
The fund assistance is provided to encourage new business startups, expansion or retention of existing businesses, or recruitment of out-of-state businesses.
The award amount is based on job creation, quality of employment and the businesses benefit to the local community and county.

​For More Information Contact:
Greater Dallas County Development Alliance
Rachel Wacker, Executive Director
515.987.2020
Dallas County RLF
File Size: 232 kb
File Type: pdf
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Opportunity Zone 

The Tax Cut and Jobs Act of 2017 established a new economic tax incentive called Opportunity Zones. The incentive is designed to encourage long-term, private investments in low-income census tracts by providing a federal tax incentive for taxpayers who reinvest unrealized capital gains into Opportunity Funds, which are then invested into opportunity zones.  

Opportunity Funds are specialized tax vehicles dedicated to low-income areas and aimed at spurring investment and entrepreneurialism. Ultimately, that will result in business creation and economic prosperity in areas called Opportunity Zones. The zones must be comprised of Low-Income Community Census Tracts (LIC), designated by governors in every state and territory. Census tracts with a poverty rate of 20 percent or greater and/or family income less than 80 percent of the area’s median income are eligible for consideration.

In Iowa, 25 percent of the state’s LIC’s are eligible to be nominated to the U.S. Department of the Treasury for Opportunity Zone designation. Once designated, tracts remain in place for 10 years.
Perry Opportunity Zone Map
File Size: 405 kb
File Type: pdf
Download File

IEDA FAQ
File Size: 91 kb
File Type: pdf
Download File


New Markets Tax Credits

​​The NMTC Program helps community development organizations attract private sector capital to communities and rural areas where new investment is needed most—low-income and distressed census tracts. The goal of a NMTC award is to fill a financing gap for transformative projects which bring new opportunities to qualifying areas.

​Visit www.iowacommunitydevelopment.com for detailed information and completed projects.
Perry NMTC Map
File Size: 456 kb
File Type: pdf
Download File

City of Perry, Iowa | 1102 Willis Avenue P.O. Box 545, Perry, IA 50220 | (515) 465-2481
Culture & Community Thrive Here.
  • Government
    • Agendas & Minutes
    • Public Notices
    • Mayor & Council
    • Administration >
      • City Administrator
      • Finance Officer >
        • Human Resources
      • City Clerk
      • Housing & Development Manager
      • Marketing and Engagement Coordinator
    • Employment Opportunities
    • Departments >
      • Cemetery
      • Garbage & Recycling
      • Library
      • Parks and Recreation
      • Perry Water Works
      • Perry Municipal Airport
      • Planning & Zoning
      • Fire Department
      • Police Department >
        • Perry Community Camera Program
        • Citizen Inquiry/Complaint Form
      • Public Works
      • Waste Water
    • Boards & Commissions >
      • Airport Commission
      • Historic Preservation
      • Library Board
      • Parks & Recreation
      • Planning & Zoning
      • Tree Board
      • Zoning Board of Adjustment
    • Code of Ordinances
    • Contacts & Staff Directory
    • Website Disclaimer
  • Perry Next
  • Resident Info
    • AmeriCorps Perry
    • ​Tree Trimming and Ash Tree Removal
    • City Projects Blog
    • Downtown Improvements
    • City Newsletters
    • Public Service Announcements
    • Snow Ordinances
    • Fireworks
    • Waste Water Treatment Plant Project
    • Garbage & Recycling
    • Yard Waste
    • Property Maintenance
    • Rental Property Code Enforcement
    • Community Calendar
    • Contacts & Staff Directory
    • Links of Interest
    • Maps
    • Media/ News
  • Chamber of Commerce
    • 2024-2025 Perry Iowa Community Guide + Member Directory
    • About Us >
      • Contact Us
      • Member Benefits
      • New Member Application
      • Member Login
    • Member Directory
    • Map of Businesses
    • Job Postings
    • Events >
      • Calendar
      • BRR
      • Farmers Market
      • July 4th Celebration
      • RVTV
      • Weather
  • Business & Development
    • Community Development >
      • Tax Abatement
      • Child Care Survey
      • Zoning/Building Permit Application
      • Solar Resources
      • Residential Development
      • Sustainability
    • Incentives
    • Sites and Buildings
    • Greater Dallas County Development Alliance
    • Perry Economic Development, Inc.
    • Business Resources
    • Plans & Studies >
      • Comprehensive Plan 2030
      • Housing Studies
      • Iowa Living Roadways- Community Visioning
  • Culture & Recreation
    • McCreary Center
    • Camping
    • Public Parks
    • Dog Park
    • Trails
    • Carnegie Library Museum
    • Hometown Heritage
    • Forest Park Museum
  • I Want To . . .
  • NOTICE OF FINDING OF NO SIGNFICANT IMPACT AND NOTICE OF INTENT TO REQUEST RELEASE OF FUNDS