Des Moines has long been a fertile ground for entrepreneurs and small business owners. With a robust support system comprising various programs and resources, the city continues to foster a thriving entrepreneurial ecosystem. Here’s an overview of key initiatives available to local business owners and aspiring entrepreneurs.
City and Regional Support Programs
City of West Des Moines Initiatives
The City of West Des Moines is dedicated to creating an environment conducive to small business growth. Recognizing that 70-80% of new job growth stems from existing small businesses, the city offers several resources:
- 1 Million Cups: A weekly event providing a platform for entrepreneurs to present their ideas and connect with the community.
- Mid-Iowa Small Business Development Center: Offers free counseling and resources for small business owners.
- West Des Moines Chamber of Commerce: Provides networking opportunities and support for local businesses.
For more information, visit the City of West Des Moines’ official website.
Greater Des Moines Partnership’s Scale DSM Business Accelerator
The Greater Des Moines Partnership offers the Scale DSM Business Accelerator, a tuition-free program designed to help small businesses gain access to knowledge, management know-how, and networks needed to increase revenue and create jobs. Participants engage in a five-module curriculum centered around case-based learning, practical strategies, and peer learning.
Educational and Mentorship Opportunities
Pappajohn Center for Entrepreneurship Outreach at Drake University
Established in 1998, the Pappajohn Center for Entrepreneurship Outreach at Drake University aims to strengthen relationships between students and community entrepreneurs in Greater Des Moines. The center offers various programs and resources to support young entrepreneurs in growing their businesses.
Pi515’s Girls Entrepreneurship Incubator
Pi515 offers the Girls Entrepreneurship Incubator, a six-week program designed to empower young entrepreneurs to develop skills necessary to launch their own businesses. Participants receive mentorship from Des Moines metro area business professionals, gaining hands-on experience and connections to confidently pitch their business ideas.
Financial Assistance and Incentives
City of West Des Moines Incentive Programs
To support business growth, the City of West Des Moines offers financial assistance through various programs:
- Upper Story Housing Program: Provides financial help to property owners to renovate or build new apartments on the upper floors of mixed-use buildings.
- Incentive Policy for Industrial Districts: Offers tax rebates for new industrial projects that increase a property’s taxable value.
- Tech Innovation Grants (SBIR/STTR): Supports entrepreneurs exploring new technology and bringing it to market.
For eligibility and application details, visit the city’s incentives page.
Iowa Economic Development Authority Grants and Funding
The Iowa Economic Development Authority provides various programs and tax credits to help grow businesses, accelerate production, and conduct research. These include the Entrepreneurial Investment Awards Program, Innovation Fund Tax Credit, and Seed Investor Tax Credit, among others.
Workforce Development
IowaWORKS Des Moines
As part of the American Job Centers network, IowaWORKS Des Moines offers services to job seekers and businesses, including one-on-one career assistance, virtual workshops, resume building, labor market information, and unemployment assistance.
By leveraging these resources and programs, entrepreneurs and small business owners in Des Moines can access the support needed to navigate challenges and seize opportunities, contributing to the city’s dynamic and resilient business landscape.