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Utility Programs > Economic Development
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economic development incentives

IMU participates in economic development under the guidelines of the Iowa Code that allow the contribution of public grants, loans, guarantees, tax incentives, and other financial assistance for the benefit of private persons.  Programs available through IMU include economic development incentives, in-kind donation and revolving loan fund.

incentive program

Goal: To effectively encourage new utility usage growth within the applicable service territories.

Uses of Funds:
  • Construction of public infrastructure that is required to provide appropriate utility
    services to land with industrial or commercial development potential, based on the classification assigned in the city’s comprehensive
    plan.
  • Forgiveness of all or a portion of private service installation costs.

Application Form

donation program

Goal:  To effectively encourage efficient utility usage and growth within the applicable service territories, including projects that enhance the community. 

Use of Funds:
  • Construction of utility services and donation of related equipment and fixtures
  • Forgiveness of all or a portion of of Contributions in Aid of Construction
  • Up to $5,000 in direct financial assistance to be used to enhance energy efficiency
    in new construction or remodeling projects

Application Form

loan program

Goal:  To effectively encourage efficient utility usage and growth within the electric service territory, including projects that enhance the community.

Use of Funds:
  • Create or retain employment
  • Increase the property tax base of the City of Indianola
  • Provides community facilities and services with demonstrated public support
  • Enhance the efficient or cost-effectiveness of utility services
  • Create or retain tourist attractions

Application Form
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Indianola Municipal Utilities, 111 South Buxton St., Indianola, IA  50125 / (515) 961-9444