The Iowa Economic Development Authority (IEDA) administers the Redevelopment Tax Credit Program to encourage the revitalization of brownfield and grayfield sites across the state. By providing financial incentives to offset redevelopment costs, the program helps transform underutilized, vacant, or environmentally impaired properties into productive assets that contribute to Iowa’s economic growth and community well-being. • The program offers tax credits of up to 12% for grayfield sites, up to 15% for grayfield sites with sustainable guidelines, up to 24% for brownfield sites, and up to 30% for brownfield sites with sustainable guidelines. • The maximum award per project is $1.5 million. • Eligible applicants include individuals, limited liability companies (LLCs), S-corporations, nonprofits, estates, and trusts. • Applicants must have site control at the time of application and meet specific site eligibility criteria. • Applications are submitted through Iowagrants.gov and are reviewed and scored on a competitive basis.