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HF 2772

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, and codifying the housing renewal program.

2025-2026 Regular Session

The bill directs the Economic Development Authority to pursue statewide growth, private-sector aligned programs, entrepreneurship support, and infrastructure to boost Iowa’s econom

Signed by Governor.
#appropriations #economicdevelopmentauthority #housing #regentsboard #financeauthority #workforcedevelopmentdepartment
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WeVote Research Nonpartisan
Bill Summary · HF 2772

Summary of HF 2772 (Session 2025-2026, Iowa)

This summary outlines the main purpose, key provisions, affected parties, and procedural/timeline aspects of HF 2772, a bill relating to economic development appropriations and related state programs, including the Housing Renewal Program codification.

1) Purpose and intent

  • The bill establishes fiscal year (FY) 2026-2027 goals and directs appropriations for economic development activities in Iowa.
  • It aims to expand and stimulate Iowa’s economy, increase wealth for Iowans, and grow the state’s population.
  • It emphasizes alignment with private sector principles, entrepreneurship, and a competitive business climate.

2) Key provisions and changes

  • [Division I – Economic Development Goals and Accountability]

    • For the fiscal year beginning July 1, 2026, the Economic Development Authority (EDA) is directed to pursue:
    • Economic growth and development across the entire state.
    • Increased wealth and population within Iowa.
    • Specific activities and emphases for the FY 2026-2027 period:
    • a) Focus on programs and activities that result in commercially viable products and services.
    • b) Adopt practices and services aligned with free market, private sector philosophies.
    • c) Ensure economic growth and development throughout the state.
    • d) Work with businesses and communities to continually improve the economic development climate, as well as the overall well-being and quality of life for Iowans.
    • e) Coordinate with other state agencies to support an entrepreneurial culture and address relevant needs.
    • f) Establish a strong, aggressive marketing image to showcase Iowa’s workforce, existing industries, and potential.
      • Priorities include recruitment of new businesses, expansion of existing ones, and retention of current Iowa businesses.
      • Emphasize entrepreneurial development, including helping entrepreneurs secure capital and building networks and a favorable business climate.
    • g) Encourage the development of communities and quality of life to foster economic growth.
    • h) Prepare communities for future growth through development, expansion, and modernization of infrastructure.

  • [Division I – Broader Context]

    • The text provided focuses on goals, strategies, and performance expectations for the EDA; it does not include the full list of appropriations or all agencies/programs within the bill beyond references to the Economic Development Authority, the Iowa Finance Authority, the Department of Workforce Development, and the State Board of Regents and certain regents institutions in the bill title. The excerpt emphasizes goal-oriented planning and alignment with private-sector-driven economic development, plus infrastructure and community development as levers.

  • [Codification/Other Provisions]

    • The excerpt mentions “codifying the housing renewal program” in the bill title, but the specific text shown does not include the detailed housing renewal provisions. The summary notes that housing renewal codification is intended within the bill, potentially affecting related housing programs and funding.

3) Who/what is affected

  • Primary affected entity: Iowa Economic Development Authority (EDA), which is tasked with implementing the listed goals for FY 2026-2027.
  • Other agencies likely affected by the bill’s provisions (as implied by the title and goals):
    • Iowa Finance Authority
    • Department of Workforce Development
    • State Board of Regents and certain regents institutions
  • Stakeholders within Iowa economy:
    • Companies (new and existing), entrepreneurs, small businesses
    • Communities and localities undergoing development or infrastructure modernization
    • Potential and current investors and capital providers
    • General public via improved quality of life and economic opportunities
  • Housing programs: The bill’s title indicates codification of a housing renewal program, which would impact housing-related initiatives and funding, subject to the final text of the codification provisions.

4) Procedural and timeline aspects

  • Introduction: HF 2772 was introduced and placed on the Appropriations calendar on April 15, 2026 (House Journal reference).
  • Fiscal year focus: The stated goals and directives apply to the fiscal year beginning July 1, 2026 (FY 2026-2027).
  • Accountability framework: The bill sets explicit goals and operating principles for the EDA (e.g., private-sector alignment, statewide growth, entrepreneurship support) to guide appropriations and program design.
  • Next steps (not in text provided but typical): The bill would proceed through committee review, potential amendments, and floor consideration in the Iowa General Assembly, with final passage and signing into law followed by administrative rule and program implementation.

5) Potential impact highlights

  • If enacted as written, the EDA would prioritize scalable, market-based development and entrepreneurship, potentially increasing attraction and retention of businesses and talent.
  • Emphasis on infrastructure modernization and quality of life could improve long-term community resilience and economic competitiveness.
  • Codification of the housing renewal program could formalize state housing efforts, potentially expanding or guiding housing incentives, financing, or renewal activities.

Note: This summary is based on the provided bill text excerpt. A complete analysis would require the full bill text, including any sections detailing appropriations, housing renewal codification, funding amounts, program descriptions, and oversight provisions.

Compiled from official sources — confirm details with the bill’s official record.

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