Keokuk, IA – Another Southeast Iowa city is trying to establish a transportation enterprise zone. The Iowa Department of Economic Development has approved Fort Madison's request to create the economic development tool. Now, Keokuk is starting the process of applying. Mayor Dave Gudgel says new or exisiting businesses, located within a transportation enterprise zone, would be eligible for tax credits and abatements for up to 10 years. Keokuk's proposed zone would initially include properties along the Highway 61 bypass and between South 7th Street and the Mississippi River, though it could be expanded. The companies applying for the incentives would have to meet salary, job creation, and investment requirements. Transportation enterprise zones are only allowed in larger cities with access to rail, water, air, or highway. Gudgel says the city will try to complete the application process in time to be approved next month.
Keokuk Wants An Enterprise Zone
