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Inward Investment Guides

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

Leading Locations for 2013: The Midwest MSAs

Area Development Magazine Special Presentation (August 2013)
According to the Federal Reserve Bank of Chicago, the Seventh District — which includes all of Iowa and most of Illinois, Indiana, Michigan, and Wisconsin — is 50 percent more concentrated in overall manufacturing than the nation. Food processing is a major industry as is automotive manufacturing (the region also produces 30 percent of the nation’s light vehicles) and specializes in construction and farm machinery, medical equipment, and steel products. More

Leading Locations for 2013: The MSAs with Strongest Prime Work Force Growth

Area Development Magazine Special Presentation (Q2 / Spring 2013)
REVISED 6/10 - In most of the cities that rank well in our "Prime Work Force" indicators, you will find a an abundance of culture and a strong higher education presence providing the kind of technology-transfer capacity that attracts a talented labor pool, sparks entrepreneurial activity, and provides an attractive destination for the types of startups and advanced manufacturing companies that are propelling metropolitan economics. More

Regional Review: Globalization Is Vital Part of Midwest States’ Economies

Mali R. Schantz-Feld (Location USA / April 2013)
States in the Midwest are taking an active part to build their own destiny. While manufacturing has always been a part of the region’s history,diversification has spurred growth in the tourism, business services, and finance sectors as well. More

The States Leading the U.S. Manufacturing Resurgence

Mark Crawford (Q1 / Winter 2013)
Exhibiting know-how and innovation, U.S. manufacturers are adding to their payrolls and economic growth across the nation. We have identified 19 states where manufacturing is leading the way... More

Is Healthcare Part of the Facility Location Decision?

Mark Crawford (November 2012)
Skyrocketing Costs and shifting legislation have pushed an area’s healthcare affordability and quality into the mix of primary site selection considerations. More
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Studies/Research

IOWA at a glance

POPULATION: 3,062,309 (2011)

LABOR FORCE: 1,663,600 (2011)

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) 24.9%

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.

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:
• Enterprise zones

• 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
    25.1%
  • Machinery
    17.2%
  • Fabricated Metal
    8.5%
  • Transportation Equipment
    7.1%
  • Computer & Electronic Products
    6.5%
  • Plastics & Rubber Products
    4.8%
  • Chemicals
    4.8%
  • Other Manufacturing Industries
    26.1%