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Jessica Hyland, executive director of the Iowa Biotechnology Association, described the new law as having a “higher credit for investment in rural areas in the state. So for smaller communities, that’s probably pretty good news.”

She said her membership is a mix of rural and urban, noting that she was just at ribbon-cuttings in Tiffin and Eddyville.

“There are businesses building things in rural Iowa because [of the] infrastructure and … the components that they need, the land that they need, the resources they need, the feed stocks they need, all of that is in rural Iowa,” Hyland said.

Hyland praised the seed investor program, which replaces the state’s Angel Investor Tax Credit program.

“It’s going to allow investors to more easily create one of those funds and then to utilize those credits,” she said. “I think for companies that are looking for venture capital or for investment, it’s going to help the startups in the state of Iowa.”