The Targeted Small Business (TSB) program is designed to assist in the creation and expansion of Iowa small businesses that have annual gross sales of less than $4 million and are owned, operated and actively managed by women, minorities, or persons with a disability. Benefits of the program include enhanced opportunities to do business with the state of Iowa, connections with other businesses that focus on doing business with diverse suppliers, invitations to networking events and small business educational opportunities. The Iowa Economic Development Authority requires applicants to fill out an application and provide documentation to verify their ownership and involvement in the business for TSB certification. Applications can be accessed online.
Code Citation 10A
Who Applies A small business which is located in Iowa and owned, operated, and actively managed by minorities, women, or persons with disabilities wanting to be part of the TSB program.
When To Apply Applications can be made online at any time.
Initial Requirements The requirements can be found in the Department\\’s administrative rules 481 IAC 25.
Duration Two years.
Processing Time 30 days.
Fee Structure None.
Renewal Requirements Renewal application and tax documents are required to retain the certification every two years.
Exam Does not pertain.
Additional Information None.