Call us: (515) 733-4214 | director@storycitygcc.com

Incentives in Story City

City of Story City Incentives for New Projects

  1. 5 year sliding scale property tax abatement. The City will also consider an economic development grant for years 6 – 10 based on the taxable valuation of the property.
    •Year 1 – 75% Abated
    •Year 2 – 60% Abated
    •Year 3 – 45% Abated
    •Year 4 – 30% Abated
    •Year 5 – 15% Abated
  2. $50,000 low interest loan. Interest rate set at ½ of prime
  3. City will provide grant writer for applying to State of Iowa for any incentives.
  4. City will proved required land at no cost.