At the moment, 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 might be attempting to make a 50 p.c capability mannequin money stream. “Suppose how necessary these eating places are to our Most important Streets, and 50 p.c capability will not be a profitable enterprise mannequin that’s sustainable,” she stated.
The IEDA chief stated points associated to inhabitants, workforce, variety and housing pose the largest long-term challenges to Iowa’s financial vitality. Entry to broadband and baby care additionally rank among the many priorities the governor and Legislature will face in the course of the 2021 session, she added.
Durham stated she is worked up concerning the prospects for a COVID-19 vaccine, new suggestions coming from an financial restoration examine group that Reynolds enlisted and the expectation that the governor will search new investments to advertise manufacturing, housing improvement and broadband enlargement.
Some initiatives might embody an accelerated depreciation price for manufacturing investments, a brand new method to incentives centered on creating high quality jobs, and an omnibus housing invoice that may double the quantity of workforce housing tax credit over the subsequent three years, embody a Most important Road assured program for housing and discovering methods to deliver down the price of supplies, she added.
“I’m extraordinarily optimistic about 2021,” Durham stated.
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