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Iowa Resources Page
Inward Investment Guides

Assessing a Location’s Workforce

Keith Gendreau, Consulting Manager, Global Consulting Group, Cushman & Wakefield (Workforce Q1 2015)
Every labor market is unique. Evaluating a region’s labor suitability for a new or expanding operation should consider many factors beyond population size and unemployment rates. Understanding the interconnectivity of topics pertaining to competitive demand, pay practices, attrition, applicant flow/quality, geographic site positioning, union activity, benefit offerings, and training resources is important and will better inform a location commitment decision. More

Veterans: A Natural Fit to Close the Skills Gap

Dan Emerson (Workforce Q1 2015)
National, regional, and corporate initiatives are helping to connect those leaving the military, who need careers, with U.S. employers, who need skilled workers. More

Regional Report: Advanced Industry Clusters Fueling Growth in the Midwest States

Mark Crawford (Directory 2015)
Economic growth in the Midwest was steady in 2014, thanks to solid performances by the agriculture and manufacturing sectors, especially transportation equipment. The economy also got a boost from the surging energy sector, led by oil-shale production in Ohio, which improved sales for supporting industries like sand, chemicals, and steel drill pipe made in Midwestern steel plants. More

Securing Incentives With a Well-Paid Workforce

Robert Foley, Manager, Global Location & Expansion Services, KPMG LLLP (Q4 2014)
As a growing number of states augment their business incentives with Quality Jobs programs, manufacturing, technology and other high value-add companies are well positioned to potentially reap significant and often enhanced tax and non-tax benefits. More

Leading Locations for 2014: Economic Strength and Year-Over-Year Growth MSAs

Dale D. Buss, Staff Editor,  (Q2 2014)
Nine of the top-10 cities in the Area Development 2014 “Economic Strength” ranking benefited greatly from boom times for oil and gas development and refining, or from their area’s historic and growing position at the forefront of a burgeoning area of the global economy. More

Iowa Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Iowa's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Regional Report: Slow But Steady Economic Climb for the Midwest

 (Directory 2014)
You’re not likely to find explosive growth in the Midwest, but the region’s economy is advancing at a healthy, steady pace with strategic plans to enhance investment in place. More

Work Force Development Programs Can Make or Break a Site Selection Deal

Mark Crawford (Q3 / Summer 2013)
With scant time and resources for recruiting and training workers, companies are looking at states that will help them to quickly satisfy their labor force needs. More

IOWA at a glance

POPULATION: 3,090,416 (2013)

LABOR FORCE: 1,671,300 (2013)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Value-added agriculture, manufacturing

EXPANDING INDUSTRIES: Renewable energy, information solutions, financial services/ insurance, advanced manufacturing, biosciences

COLLEGE GRADUATES: (Age 25 and over) 26.4%

BASIC BUSINESS TAXES:
Corporate Income Tax: Imposed on net income from sales within Iowa after deducting 50 percent of federal corporate income tax; rates are 6 percent on the first $25,000 or any part thereof; 8 percent on the excess over $25,000 but less than $100,000; 10 percent on the excess over $100,000 but less than $250,000; and 12 percent on the excess over $250,000

Sales Tax: 6 percent on transactions involving the transfer, exchange, or barter of tangible personal property on certain enumerated services and gross receipts from the sale of optional service of warranty contracts; communities and schools may impose a local option sales tax.

Use Tax: 6 percent

Property Tax: Manufacturing machinery and equipment, as well as computers used to process data, are exempt from taxation; pollution-control equipment is also exempt. Iowa does not charge tax on personal property

BUSINESS INCENTIVES:

High Quality Jobs Program(HQJP)

Economic Development Set-Aside Program - EDSA (loans, grants)

Iowa Demonstration Fund (prototype development)

Public Facilities Set-Aside Program - PFSA (infrastructure improvements)

Federal SBA direct loans and guaranteed loan programs

Export Trade Assistance Program

TAX CREDIT PROGRAMS:

• High Quality Jobs Program (HQJP)

Iowa New Jobs Training Assistance

Tax exemptions for industrial property

Tax credits for new employees and research & development

Local tax increment financing

Principal Manufacturing industries

  • Food
    24.0%
  • Chemicals
    18.9%
  • Machinery
    16.9%
  • Fabricated Metal Products
    5.6%
  • Computer & Electronic Products
    5.1%
  • Motor Vehicle Products
    5.1%
  • Plastics & Rubber Products
    4.2%
  • Other Manufacturing Industries
    20.2%
Source: U.S. Bureau of Economic Analysis