Iowa’s New Plan to Catch the Chicago Bears

Iowa is rolling out a fresh proposal that could bring an NFL team to its doorstep. Senate File 2252 aims to tweak the Major Economic Growth Attraction (MEGA) program so that a professional football franchise could receive tax breaks and other incentives when it builds a stadium in the state.

Key Points

• Targeted Incentives
  Sales and use tax refunds, investment tax credits, and withholding tax credits for a team that chooses Iowa.

• Program Scope
  The MEGA program normally targets companies willing to invest at least $1 billion; this version focuses specifically on sports.

• Decision Authority
  The Iowa Economic Development Authority reviews all proposed incentives and decides whether to approve them.

Potential Benefits

• Economic Growth
  Jobs, tourism, and excitement from a professional football franchise.

• Competitive Edge
  With Illinois and Indiana debating stadium projects, Iowa could position itself as the welcoming alternative.

• Local Impact
  New opportunities for businesses and residents to enjoy professional football, showcasing Iowa’s hospitality, culture, and natural beauty.

Chicago Bears Connection

• The Bears purchased land in Arlington Heights last year but have faced mixed reactions to potential sites at Soldier Field, the Museum Campus, or the South Side.
• If Iowa’s bill passes, the Bears could build a stadium elsewhere in the state, providing them with a fresh location.

Broader Context

The proposal reflects a broader trend of states offering incentives to attract major sports teams. By providing tax relief, Iowa hopes to stand out as a viable option for the Bears and potentially other franchises in the future.