At present, Durham stated the sector of Iowa’s financial system that issues her essentially the most are the eating places, bars and different hospitality companies which are attempting to make a 50 p.c capability mannequin money circulation. “Assume how vital these eating places are to our Principal Streets, and 50 p.c capability will not be a successful enterprise mannequin that’s sustainable,” she stated.
The IEDA chief stated points associated to inhabitants, workforce, range and housing pose the largest long-term challenges to Iowa’s financial vitality. Entry to broadband and youngster care additionally rank among the many priorities the governor and Legislature will face through the 2021 session, she added.
Durham stated she is happy concerning the prospects for a COVID-19 vaccine, new suggestions coming from an financial restoration research group that Reynolds enlisted and the expectation that the governor will search new investments to advertise manufacturing, housing improvement and broadband growth.
Some initiatives may embrace an accelerated depreciation price for manufacturing investments, a brand new strategy to incentives targeted on creating high quality jobs, and an omnibus housing invoice that will double the quantity of workforce housing tax credit over the following three years, embrace a Principal Road assured program for housing and discovering methods to carry down the price of supplies, she added.
“I’m extraordinarily optimistic about 2021,” Durham stated.
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