House Journal: Page 2221: Tuesday, June 3, 2003
Page 10
1 for the upper midwest region.
2 b. The average earnings per job in Iowa shall
3 equal or exceed the average earnings per job in the
4 upper midwest region.
5 c. The average manufacturing earnings per employee
6 in Iowa shall equal or exceed the average
7 manufacturing earnings per employee in the upper
8 midwest region.
9 d. The average service earnings per employee in
10 Iowa shall equal or exceed the average service
11 earnings per employee in the upper midwest region.
12 e. The average earnings per employee in the
13 financial, insurance, and real estate industries in
14 Iowa shall equal or exceed the average earnings per
15 employee in the financial, insurance, and real estate
16 industries in the upper midwest region.
17 5. In determining whether the goal of increasing
18 the population of the state has been met, the
19 following performance measures shall be considered:
20 a. Using the calendar year 2002 as a baseline
21 year, a net increase in the retention of Iowa high
22 school graduates that are employed in the Iowa
23 workforce following a higher education degree.
24 b. The increase in higher education graduates.
25 Sec. . NEW SECTION. 15G.107 GROW IOWA VALUES
26 FUND.
27 A grow Iowa values fund is created in the state
28 treasury under the control of the grow Iowa values
29 board consisting of moneys appropriated to the grow
30 Iowa values board. Moneys in the fund are not subject
31 to section 8.33. Notwithstanding section 12C.7,
32 interest or earnings on moneys in the fund shall be
33 credited to the fund. The fund shall be administered
34 by the grow Iowa values board, which shall make
35 expenditures from the fund consistent with this
36 chapter and pertinent Acts of the general assembly.
37 Any financial assistance provided using moneys from
38 the fund may be provided over a period of time of more
39 than one year. Payments of interest, repayments of
40 moneys loaned pursuant to this chapter, and recaptures
41 of grants or loans shall be deposited in the fund.
42 Sec. . NEW SECTION. 15G.108 ECONOMIC
43 DEVELOPMENT MARKETING BOARD - MARKETING STRATEGIES.
44 1. a. An economic development marketing board is
45 established consisting of seven members and is located
46 for administrative purposes within the department.
47 The director of the department shall provide office
48 space, staff assistance, and necessary supplies and
49 equipment for the board. The director shall budget
50 moneys to pay the compensation and expenses of the

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