Iowa-based corporations (not retail) exploring selling to employees can be reimbursed 50% of an independent ESOP feasibility study, up to $25,000.
Reimburses Iowa business owners for 50% of the cost of an ESOP feasibility study by an independent financial professional, up to $25,000. Half is paid when the study concludes and the rest after the ESOP is successfully formed; only costs incurred after approval are reimbursable. The page lists no application window.
Must be an Iowa-based company
Applicants who completed a feasibility study before applying are not eligible
Retail businesses are not eligible
Business structures other than corporations are not eligible (a letter of intent to incorporate may be provided)
Only feasibility costs incurred after approval of financial assistance may be reimbursed
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Money can be used for
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