THE BUSINESS CLIMATE IS RIGHT
____________________________________________________Iowa is in the heart of an 8-state market of 40 million people with a total of $1 trillion in personal income. America’s most travelled thoroughfares, Interstates 80 and 35, intersect in the state and connect Canada, United States and Mexico.
Iowa's location advantages include:
- The lowest cost of doing business in the United States (CNBC 2010)
- A motivated, well educated and productive workforce
- No corporate state income tax on profits from sales made outside of Iowa
- No personal property (inventory) tax
- No property tax on manufacturing machinery, equipment or computers
- No sales or use tax on manufacturing machinery, equipment or computers
- No sales tax on electricity or natural gas for use in the manufacturing process
- Property tax exemptions for the construction of manufacturing and distribution facilities
- Competitively priced buildings and sites
- A refundable Research and Development tax credit of up to 13%
- Flexible job-training programs that provide customized training for new and current employees
- Direct financial assistance for job creation and new capital investment
- A central location - part of the NAFTA corridor - for easy access to market
It is the mission of the Iowa Department of Economic Development (IDED) to work with businesses and communities to bolster Iowa's economy and postion the state for growth in the new economy. IDED works with companies in providing (where appropriate) technical assistance, confidential location reviews, financial assistance programs and technical assistance.
