Iowa 2025-2026 Regular Session

Iowa Senate Bill SF621

Introduced
4/9/25  

Caption

A bill for an act relating to economic development by establishing the Iowa major events and tourism program and fund, modifying the sports tourism and marketing infrastructure program, and making appropriations.(See SF 640.)

Impact

The legislation is significant as it modifies the existing sports tourism and marketing infrastructure program. By consolidating funding efforts into the new Iowa major events and tourism fund, the bill aims to streamline financial support for events that promise measurable economic impacts. The appropriation of $15 million from the sports wagering receipts fund for this purpose indicates a strong legislative commitment to enhancing Iowa's appeal as a destination for major events.

Summary

Senate File 621 establishes the Iowa major events and tourism program and fund aimed at boosting economic development by providing financial assistance for hosting large-scale events in Iowa. The bill defines eligible entities as nonprofit organizations that seek to promote events generating significant public attendance and publicity, thereby fostering economic growth within the state. The events covered include athletic contests, conventions, and artistic festivals, marking a deliberate focus on enhancing Iowa's tourism profile.

Contention

While the bill has garnered support for its potential economic benefits, there may be concerns regarding the limited eligibility for financial assistance. Entities need to provide matching funds, which could discourage smaller organizations from applying. Additionally, the elimination of the sports tourism marketing program has raised questions about the continuing support for smaller scale local sporting events as funding becomes concentrated on larger initiatives.

Companion Bills

IA SF640

Similar To A bill for an act relating to economic development by establishing the Iowa major events and tourism program and fund, modifying the sports tourism and marketing infrastructure program, and making appropriations.(Formerly SF 621.)

Previously Filed As

IA SF2419

A bill for an act relating to economic development by establishing the Iowa major events and tourism program and fund, modifying the sports tourism and marketing infrastructure program, and making appropriations.(Formerly SF 2394.)

IA SF2394

A bill for an act relating to economic development by establishing the Iowa major events and tourism program and fund, modifying the sports tourism and marketing infrastructure program, and making appropriations.(See SF 2419.)

IA SF2133

A bill for an act creating a jobs and infrastructure revolving fund and program administered by the Iowa finance authority, and making appropriations.(See SF 2413.)

IA SSB1162

A bill for an act establishing the major economic growth attraction program to be administered by the economic development authority, and providing penalties.(See SF 574.)

IA HF2176

A bill for an act creating a grocer reinvestment fund and program under the purview of the economic development authority, modifying the local food and farm program, and making appropriations.(See HF 2599.)

IA HSB147

A bill for an act establishing the major economic growth attraction program to be administered by the economic development authority, and providing penalties.(See HF 642.)

IA HSB731

A bill for an act establishing the Iowa film production incentive program and fund within the economic development authority.(See HF 2662.)

IA SF574

A bill for an act relating to programs administered by the economic development authority by establishing the economic growth attraction program, modifying the certified site and high-quality jobs programs, making appropriations, providing penalties, and including effective date provisions. (Formerly SSB 1162.) Effective date: 05/10/2024.

IA SSB3198

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, the Iowa finance authority, the public employment relations board, the department of workforce development, and the state board of regents and certain regents institutions.(See SF 2432.)

IA HSB249

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, the Iowa finance authority, the public employment relations board, the department of workforce development, and the state board of regents and certain regents institutions, and by modifying provisions relating to the pathways for academic career and employment program, the apprenticeship training program, and new jobs training agreements.(See HF 725.)

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