A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions.

This bill allocates state funds to the Economic Development Authority and related agencies to support business growth, workforce development, and tourism initiatives for the fiscal year beginning July 1, 2026. The legislation sets specific goals for the authority to expand the state economy and population while prioritizing the recruitment, expansion, and retention of businesses, as well as fostering entrepreneurship and public-private partnerships. Appropriated money can be used for grants, loans, and marketing efforts, with restrictions prohibiting funds from being used for geothermal snow-melting systems and requiring that jobs created with state assistance be filled by individuals legally authorized to work in the United States. Additionally, the bill provides specific funding for the World Food Prize, the tourism office, and the Iowa Arts Council, while requiring annual reports on tourism activities to measure their economic impact.