Bill > SF645

This bill appropriates funds for the economic development of the state for the fiscal year beginning July 1, 2025, and ending June 30, 2026. * **Economic Development Authority:** Receives $12,921,510 from the General Fund for various economic development activities, including business and community development, international trade, and strategic infrastructure projects. Unspent funds do not revert and remain available for the next fiscal year. * **World Food Prize:** The Economic Development Authority receives $500,000 from the General Fund for the World Food Prize. * **Councils of Governments:** The Economic Development Authority receives $350,000 from the General Fund to provide financial assistance to Iowa's councils of governments. * **Tourism Office:** The Economic Development Authority receives $1,050,000 from the General Fund for tourism advertising and promotion. Unspent funds do not revert and remain available for the next fiscal year. * **Iowa Arts Council:** The Economic Development Authority receives $1,771,800 from the General Fund for the Iowa Arts Council, with $321,800 designated for the arts and culture enhancement fund. Unspent funds do not revert and remain available for the next fiscal year. * **Iowa Finance Authority:** Receives $873,000 from the General Fund for a rent subsidy program and $550,000 for a housing renewal pilot program. Unspent funds do not revert and remain available for the next fiscal year. * **Department of Workforce Development:** Receives a total of $15,489,717 from the General Fund for various operations, including workforce development, an offender reentry program, an integrated information system, workplace safety surveys, a summer youth intern pilot program, vocational rehabilitation services, and adult education and literacy programs. Unspent funds do not revert and remain available for the next fiscal year. * **Employee Misclassification Program:** The Department of Workforce Development receives $379,631 from the General Fund to investigate employers who misclassify workers. * **Special Employment Security Contingency Fund:** The Department of Workforce Development receives $4,616,084 from this fund for field office operations. * **Iowa Skilled Worker and Job Creation Fund:** * Economic Development Authority receives $11,700,000 for the high-quality jobs program, including $1,000,000 for main street community infrastructure grants, and $2,016,675 for the manufacturing 4.0 technology investment program, and $700,000 for the empower rural Iowa program. * State Board of Regents institutions receive $3,000,000 for capacity building in technology commercialization, entrepreneurship, and business growth, with specific allocations for Iowa State University, the University of Iowa, and the University of Northern Iowa. * Iowa State University of Science and Technology receives $2,424,302 for small business development centers, the research park, and the center for industrial research and service. * The State University of Iowa receives $209,279 for its research park and pharmaceuticals, and $2,000,000 for entrepreneurship and economic growth initiatives. * The University of Northern Iowa receives $1,466,419 for its metal casting and foundry centers, Advance Iowa, family business center, and institute for decision making. * The Department of Workforce Development receives $125,000 for workforce preparation outcome reporting, $5,500,000 for adult education and literacy programs (including grants to community colleges and a transfer to the Department of Health and Human Services), and $633,325 for STEM internships. * **General Fund for Certain Regents Institutions:** * Iowa State University of Science and Technology receives $2,963,995 for biosciences innovation ecosystem support. * The State University of Iowa receives $1,000,000 for biosciences innovation ecosystem support. * The University of Northern Iowa receives $394,321 for equipment and technology to expand additive manufacturing capabilities. * **Grow Iowa Values Fund:** The Economic Development Authority receives $1,250,000 for deposit into the grocer reinvestment and local food processing fund. * **Housing Renewal Pilot Program:** The repeal date for this program is extended to July 1, 2028.