Monona Chamber & Economic Development

The Monona Chamber & Economic Development organization is dedicated to the economic growth of our community by strengthening existing business and attracting new.  Monona is strategically located in Northeast Iowa, approximately 13 miles west ofthe Prairie du Chien, WI and Marquette, IA. US Highway 18-52 pass bythe sourth side of Monona along the 15 acre industrial park.

The MCED invites you to learn more about how your business can thrive here in the "Garden City". We have buildings available for retail, office or service type businesses -- or commercial building lots. It all adds up to a great place to do business - where a well-trained workforce and customized incentives mean continued growth and prosperity.

Monona is a great place to do business!  For a small town, Monona has a good selection of essential products and services.  Please check out our Business Directory to find just what you are looking for!  If you don't find it there, please call the MCED office at 539-8340 or email mononachamber@neitel.net.

Work Force
The work force in Monona is one a business owner can depend on because of the hard-working values in which people were raised with in this area. A recent survey conducted by the Iowa Department of Employment Services for Clayton County shows fifty one percent of all percent of all persons included in the survey had worked for their current or most recent employer for more than five years. Also 88 percent of persons surveyed are high school graduates and 43 percent of those surveyed had some college education. Eighty one percent of those surveyed in Clayton County are ready to learn new skills and forty six percent are willing to share in training costs.

Industries have chosen to locate in Monona based on their decision on the high quality work performed by area employees and the high degree of productivity they receive. In the competitive climate in which all business operate, employers are finding that the combination of high productivity + low costs + dependability = above average profit in Monona, Iowa.

Economic and Industrial Development
Monona is able to take advantage of the new programs for Economic and Industrial Development put forth by the State of Iowa. For a full listing and description of the available programs, contact the Monona Chamber & Economic Development office at 563-539-8340, the City of Monona at 563-539-2355 or the Iowa Department of Economic Development, 200 East Grand Avenue, Des Moines, IA 50309. Phone: 515-281-3251.

Single Factor Corporate Income Tax
Iowa is the only state with a single factor corporate income tax - meaning only the profits from products sold for delivery in the state are taxed.

Federal Tax Deduction
Iowa' corporate income tax allows a 50 percent deductibility of federal taxes from Iowa corporate income tax.

Tax Abatement
The City of Monona offers an exemption from property taxation on new construction of industrial real estate. It is a ten year graduated property tax exemption on value added improvements.

Tax Increment Financing
TIF is a very flexible tool which allows the city to use the increased property tax dollars generated from new development to assist your company. This flexible tool can be used for such things as machinery and equipment and construction, interest buy downs and local matching funds.

Grants and Loans
Grants and Loans are provided for economic development projects which create Iowa jobs. Proceeds may be used to purchase land, buildings, machinery, inventory or equipment. Funds may also be used for working capital for operating expenses, research and development.

Property Tax Exemptions
In Iowa, cities and counties are allowed to give industries tax exemptions for the actual value added to industrial real estate through new construction and buying or improving machinery and equipment assessed as real estate.

Right to Work Law
Iowa give employees the right to work in all settings. Workers choose whether to belong to a union.

Industrial Training
The Iowa Jobs Training Program provides on the Job training and any other services that may be necessary to train employees. An employer may be reimbursed 50 percent of the new employee's wages during this training period. All firms that produce products or provide services in interstate commerce are eligible.

Job Traing & Continuing Eduction
NICC located in Calmar, IA is committed to working with new and expanding industries. Several of their programs include:
Iowa Industrial New Jobs Training Program
New and Expanding Business and Industrial Training (NEBIT)
Dislocated Workers Program
Targeted Jobs Tax Credit
Veterans Training Program

For more information, please go to: http://www.nicc.edu/