ED  The Siouxland Initiative

http://www.siouxlandchamber.com





     Office Locations:

101 Pierce St.
Sioux City, IA 51101
Phone: 712-255-7903
Fax: 712-258-7578

 

Stages:

  • Seed


 

Industries:

  • Business Services
  • Consumer Products & Services
  • Information Technology
  • Medical Device
  • Retail & Restaurant

  •  

    Description:

    Formed in 1988, the Siouxland Initiative (TSI), and its partners in regional economic development, have identified technology and innovation as key factors in the continued economic growth of Siouxland. TSI is implementing a strategy where TSI acts as a liaison between the universities and local businesses. TSI seeks to identify opportunities to license technologies from the universities into expanding or new companies in the region. The group has access to the Economic Development Set-Aside (EDSA) Program, which creates low-interest loans for undeveloped areas. The maximum incentive level from this program is $500,000 for a project which creates or retains jobs. A business seeking assistance must meet certain wage thresholds. Applications are evaluated based upon the number of jobs created; both public and private matching funds; the level of need by the business; and the impact of the project on the local economy and the State of Iowa. Three fund drives over the past ten years have raised nearly $9 million dollars from Sioux City metro communities and corporations to support the programs and staffing of TSI. The Siouxland Initiative provides the following services to companies looking to expand: research, consulting, loans, and incentive packages.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Barbara Sloniker Executive Vice President
    Christopher J. McGowan President

     

    Portfolio companies include:

     

    Recent News: