TIPTON ECONOMIC DEVELOPMENT CORP
210 EAST 13TH STREET, TIPTON, IA 52772 www.tiptoniowa.org

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Organizations Filed Purposes: THE TIPTON ECONOMIC DEVELOPMENT CORPORATION WAS ESTABLISHED TO WORK IN COOPERATION WITH CITY OF TIPTON OFFICIALS TO MARKET THE CITY OF TIPTON TO BUSINESSES TO LOCATE OR EXPAND AND PROMOTE ECONOMIC GROWTH FOR THE COMMUNITY AS A WHOLE. THE ORGANIZATION DOES THIS THROUGH THE FOLLOWING ATIVITIES: 1. 40% OF OUR ACTIVITIES CONSIST OF PRESENTING OUR COMMUNITY AS A GOOD PLACE FOR A COMPANY TO LOCATE OR EXPAND. WE ACCOMPLISH THIS BY GATHERING AND COLLATING INFORMATION REGARDING INFRASTRUCTURE, SITE AVAILABILITY AND PRICING, COMPARATIVE WAGE SCALES AND SIMILAR FACTS ABOUT OUR COMMUNITY TO PRESENT TO INDUSTRIAL DEVELOPMENT PROSPECTS. THIS HAS BEEN OUR PRIMARY ACTIVITY SINCE WE BEGAN IN 1986 AND WILL CONTINUE TO BE IN THE FUTURE. THIS WORK IS DONE IN TIPTON BY INDIVIDUAL VOLUNTEER BOARD MEMBERS. 2. 20% OF OUR ACTIVITIES CONSIST OF ATTEMPTING TO BRING AVAILABLE LAND UNDER CONTROL SO WE CAN MARKET THE LAND TO PROSPECTS AT AN ATTRACTIVE PRICE TO THEM, AS OPPOSED TO INFLATED PRICES THAT MIGHT BE ASKED

THE TIPTON ECONOMIC DEVELOPMENT CORPORATION WAS ESTABLISHED TO WORK IN COOPERATION WITH CITY OF TIPTON OFFICIALS TO MARKET THE CITY OF TIPTON TO BUSINESSES TO LOCATE OR EXPAND AND PROMOTE ECONOMIC GROWTH FOR THE COMMUNITY AS A WHOLE. OUR MISSION IS TO STRENGTHEN TIPTON'S ECONOMY THROUGH INDUSTRIAL RETENTION AND RECRUITMENT, SUPPORT OF BUSINESS EXPANSION AND OPERATIONS, SITE AND BUILDING DEVELOPMENT AND STRATEGIC PARTNERSHIPS.

THE TIPTON ECONOMIC DEVELOPMENT CORPORATION WAS CREATED FOR MARKETING THE CITY OF TIPTON AS A GOOD PLACE FOR A COMPANY TO LOCATE OR EXPAND. THE ORGANIZATION WORKS TOGETHER WITH CITY OF TIPTON OFFICIALS TO GATHER AND COLLATE INFORMATION REGARDING INFRASTRUCTURE, SITE AVAILABILITY AND PRICING, COMPARATIVE WAGE SCALES AND SIMILAR FACTS ABOUT OUR COMMUNITY TO PRESENT TO INDUSTRIAL DEVELOPMENT PROSPECTS. THE ORGANIZATION ALSO WORKS WITH CITY OFFICIALS TO BRING AVAILABLE LAND UNDER CONTROL SO THEY CAN MARKET THE LAND TO PROSPECTS AT AN ATTRACTIVE PRICE AS OPPOSED TO DEALING WITH INFLATED PRICES THAT INDIVIDUAL LANDOWNERS MIGHT CHARGE.WE ALSO COORDINATE WITH CITY OFFICIALS TO PRESENT AVAILABLE INCENTIVES SUCH AS LAND TAX ABATEMENT AND TAX INCREMENT FINANCING. MEMBERS OF OUR ORGANIZATION ARE ALSO AVAILABLE TO GIVE COMMUNITY TOURS AND OTHER MARKETING FUNCTIONS NEEDED TO ATTRACT BUSINESSES TO OUR COMMUNITY. OUR ORGANIZATION HAS TAKEN THE STEPS REQUIRED TO BECOME A SHOVEL READY CERTIFIED SITE TO MAKE THE TRANSITION TO LOCATE IN OUR COMMUNITY MORE ATTRACTIVE TO NEW BUSINESSES WHICH MAKES OUR COMMUNITY MORE MARKETABLE. THIS YEAR WE CONTINUED TO CORRESPONDENCE WITH THE IOWA ECONOMIC DEVELOPMENT AUTHORITY TO CONTINUE LOBBYING WITH THEM TO SET UP A SECOND LEVEL OF CERTIFIED SITE REQUIREMENTS FOR SMALLER COMMUNITIES THAT DO NOT HAVE THE RESOURCES TO MEET THE SAME REQUIREMENTS OF THE LARGER CITIES AS SMALLER COMMUNITIES MAY NOT REQUIRE THE CAPACITIES THE FIRST LEVEL CERTIFICATION REQUIRES. THIS SECOND LEVEL OF CERTIFIED SITES COULD BE LISTED ON A SEPERATE INTERNET SITE HOSTED BY THE IOWA ECONOMIC DEVELOPMENT AUTHORITY. DUE TO THE COVID -19 PANDEMIC OUR ORGANIZATION OPTED NOT TO MEET TOGETHER FOR QUARTERLY MEETINGS, AS PER THE STATE GOVERNOR'S SOCIAL DISTANCING GUIDELINES, SO NOT ALOT ACCOMPLISHED THIS FISCAL YEAR DUE TO ALL OF THE FALLOUT FROM THE PANDEMIC OTHER THAN PROVIDING INFORMATION TO THOSE BUSINESSES SEARCHING FOR SITES TO LOCATE THEIR BUSINESS.

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