Overview
What is Tipton Economic Development Corp?
Tipton Economic Development Corp, based in Tipton, Iowa, serves as a partnership between the corporation and city officials to market Tipton as an attractive location for businesses to expand or establish. Their primary goal is to stimulate economic growth within the community. They achieve this by gathering and disseminating information about the city's infrastructure, site availability, pricing, and comparable wage scales to prospective industrial development prospects. Additionally, they work to bring available land under control, offering it at competitive prices to potential businesses, and present available incentives such as land tax abatement and tax increment financing. Volunteer board members carry out these activities, with a focus on marketing Tipton as a desirable location for businesses since its establishment in 1986.
Official website here: www.tiptoniowa.org
Is Tipton Economic Development Corp legitimate?
Tipton Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Tipton Economic Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.tiptoniowa.org
What is the mission statement of Tipton Economic Development Corp?
The Tipton Economic Development Corporation was established with the goal of collaborating with city officials to promote economic growth for the community as a whole. Their primary mission is to strengthen the local economy by retaining and recruiting businesses, supporting business expansion and operations, facilitating site and building development, and forming strategic partnerships. To achieve this, the organization spends 40% of its time presenting the community as an attractive location for businesses by providing information on infrastructure, site availability, pricing, wage scales, and other relevant facts. Additionally, they allocate 20% of their efforts towards bringing available land under control, offering it to prospects at a competitive price instead of inflated rates.
Official website here: www.tiptoniowa.org
Who is the CEO of Tipton Economic Development Corp?
Jim Reeve is the President of Tipton Economic Development Corp.
Official website here: www.tiptoniowa.org
What is the revenue of Tipton Economic Development Corp?
Tipton Economic Development Corp's revenue in 2023 was -$11,683.
Official website here: www.tiptoniowa.org
Who are the executives of Tipton Economic Development Corp and what are their salaries?
There 11 volunteers at Tipton Economic Development Corp.
Here are 11 key members and their salaries:
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Official website here: www.tiptoniowa.org
Where can I find the form 990 for Tipton Economic Development Corp?
Tipton Economic Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tiptoniowa.org
Learn more at the official website: www.tiptoniowa.org
Mission Statement of Tipton Economic Development Corp
Tipton Economic Development Corp, established in collaboration with the city's officials, was established with a mission to promote economic growth for the community as a whole. The organization's primary objective is to market Tipton as an ideal location for businesses to establish or expand. This is achieved by gathering and presenting comprehensive information about the community's infrastructure, site availability and pricing, comparative wage scales, and other relevant facts to potential industrial development prospects. This has been a key activity for Tipton Economic Development Corp since its inception in 1986 and continues to be a significant focus in the future. The organization relies on its volunteer board members to carry out this work in Tipton.
In addition to marketing the city, Tipton Economic Development Corp also aims to bring available land under control and market it to prospects at attractive prices. This strategy helps prevent inflated prices that might deter potential business investors. By managing the land and pricing it reasonably, the corporation plays a crucial role in attracting businesses to Tipton, thereby contributing to the overall economic growth of the community.
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Impact
October, 2024
Tipton Economic Development Corp significantly impacts the local economy by actively marketing the City of Tipton as an optimal location for business expansion and investment. The organization collaborates closely with city officials to gather essential data on infrastructure, site availability, pricing, and comparative wage scales, allowing it to present a compelling case to potential industrial prospects.
A central facet of its work involves acquiring land to compete against inflated property prices, allowing for more attractive offers to prospective businesses. The organization is also involved in showcasing available incentives, such as land tax abatements and tax increment financing, which enhance the appeal of locating in Tipton.
In addition to these functions, Tipton Economic Development Corp promotes the community through tours and targeted marketing strategies. Recently, it has achieved "shovel-ready" certification for certain sites, making them more attractive for immediate development. This status, along with the ongoing inquiries for land purchase in the industrial park, suggests a growing interest in Tipton as a business hub.
Overall, the organization's efforts contribute to industrial retention, support for business expansions, and the promotion of economic growth, ultimately strengthening the community as a whole.
This information is meant to be a general summary of Tipton Economic Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $40
- Gross Receipts: $18,273
Assets and Liabilities:
- Total Assets: $1,107,795
- Total Liabilities: $940,633
- Net Assets: $167,162
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Organization Details
Founding Year
1986
Phone
(563) 886-6350Principal Officer
Jim Reeve
Main Address
417 CEDAR STREET PO BOX 224, TIPTON, IA, 527720224
Website
www.tiptoniowa.orgNTEE Category
Code: S21 - Community improvement
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