Iowa's Targeted Small Business (TSB) Program is designed to help women, individuals with minority status, service-disabled veterans, and individuals with disabilities overcome some of the hurdles to starting or growing a small business in Iowa.
Created by the Iowa Targeted Small Business Procurement Act – Iowa Code Chapter 73, Subchapter III – the Iowa Economic Development Authority (IEDA) administers the TSB Program and certifies TSBs.
To meet the minimum requirements for TSB Certification, a business must:
- Be located in the state of Iowa.
- Be operated for a profit.
- Have less than $4 million in gross income, computed as an average of the preceding three fiscal years.
- Be majority-owned (51 percent or more), operated and managed by a female, individual with minority status, service disabled veteran or individual with a disability.
For TSB Certification information or applications, visit IEDA’s website: iowaeda.com/small-business/target-small-business/or contact Jill Lippincott at 515-725-3132 or Jill.Lippincott@IowaEDA.com.
In addition, loan opportunities are available from the Iowa Center for Economic Success, and the Department of Administrative Services Central Procurement Enterprise offers procurement opportunities for Certified TSBs.