Iowa's Job Retraining Program was evaluated through a review of operations, surveys/interviews with community college staff, and survey responses from 43% of the business participants. Resulting recommendations were as follows: (1) retaining the program in the Department of Economic Development rather than transferring it to the state's 15 community colleges; (2) improving program planning by having the community colleges submit a list of "probable" applications for the first 6 months of the fiscal year and then another for the second 6 months; (3) eliminating the requirement that businesses meet only one of three criteria to be eligible for a grant or forgivable loan or at least providing a measurable way to judge an increase in the quality of positions; (4) encouraging smaller companies to participate by proposing alternative funding and reducing or eliminating the required one-to-one match; (5) asking the Department of Education to offer community colleges some incentives for providing Job Retraining Program instructors; and (6) using a single form on which businesses can provide available information for evaluation. (The document describes the program, its operation, and the comments of program staff; summarizes the survey and interviews with the staff of participating community colleges; and reports the results of the survey of business participants.) (CML)