1. The general assembly finds that economic development is an important public purpose and that both the public and private sectors have a shared interest in fostering the economic vitality of the state. Therefore, it is the purpose of this subchapter to implement economic development policy in the state by means of a collaboration between government and the private sector.

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Terms Used In Iowa Code 15.101

  • Authority: means the economic development authority created in section 15. See Iowa Code 15.102
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
 2. The collaboration shall involve the economic development authority and the bioscience development corporation, both of which shall work together to further economic development policy according to the provisions of this subchapter.