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 eliminating the repeal of the housing renewal pilot program.

HF 1040 allocates $12.9 million for Iowa's Economic Development Authority (EDA) and related agencies for fiscal year 2025-2026 to support statewide economic growth. It directs funds toward workforce recruitment, business development (including grants for women-owned startups), tourism marketing, and community economic programs, while requiring recipient businesses to hire U.S. citizens or authorized workers. The bill also eliminates the repeal of Iowa's housing renewal pilot program and appropriates additional funds for the World Food Prize ($650,000) and tourism advertising ($1.02 million). These provisions directly affect state agencies, local communities, and businesses receiving EDA financial assistance.