A Tradition of Innovation

Communities

Why Iowa?

Iowa provides the ideal climate for business growth and innovation. The state’s pro-business policies, nationally recognized research centers and legendary Midwestern work ethic, combined with the nation’s lowest cost of doing business, give businesses with an Iowa location a huge competitive edge.

Here are just a few reasons to do business in Iowa:

  • RIGHT TO WORK STATE: Iowa’s Right to Work law prohibits agreements between labor unions and employers that make membership, payment of union dues or fees a condition of employment.
  • FEDERAL DEDUCTIBILITY: 50% deductibility of federal taxes from Iowa corporate income. Iowa is one of only five states that offers this important deductibility.
  • NO PROPERTY TAX ON NEW INDUSTRIAL MACHINERY, EQUIPMENT AND COMPUTERS: Manufacturing equipment, machinery and computers are exempt from property tax.
  • TAX INCREMENT FINANCING: City councils and boards of supervisors may use the property taxes resulting from the increase in taxable valuation by the construction of a new industrial or commercial facility to provide economic development incentives to a business.
  • BUSINESS CLIMATE: Iowa has one of the lowest costs of doing business in the nation. All nine of Iowa’s largest communities ranked in Forbes Magazine’s Best Places for Business.
  • WORKFORCE: Iowans enjoy a lifetime learning continuum that includes world-class universities and colleges matched with solid public K-12 education. Iowa’s unemployment insurance rates are one of the lowest in the nation, and workers’ compensation costs are far below the national average (Actuarial & Technical Solutions).
  • QUALITY OF LIFE: The Annie E Casey Foundation named Iowa the 6th best state to raise a child. Iowa ranks 10th in safest neighborhoods in the U.Ss (CQ Press) and 3rd highest in public high school graduation rates (CQ Press). Iowans enjoy the 8th lowest housing costs (US Census) while enjoying more than 1,400 miles of trails (Iowa Department of Natural Resources).
  • LOCATION: Geographically located in the center of the U.S., Iowa is a great location for distribution. The Mississippi River, located on the eastern shore of the state, provides commodities and products access to world markets.

For more information on doing business in Iowa, go to www.iowalifechanging.com.

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