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. (Formerly HSB 773.) Effective date: 07/01/2026.

The bill provides funding for various state agencies focused on economic development in Iowa, including the Economic Development Authority and the Department of Workforce Development. It also establishes a housing renewal program to support housing initiatives. The bill is set to take effect on July 1, 2026.

Supporters of the bill would highlight its potential to boost Iowa's economy by providing necessary funding to key agencies and initiatives. They would emphasize the importance of the housing renewal program in addressing housing needs and fostering community development, which could lead to job creation and economic growth.

Critics may argue that the bill does not adequately address the root causes of economic challenges in Iowa and could lead to inefficient use of funds. They might express concern that the focus on housing renewal may overlook other critical areas of economic development, leaving some communities behind.