Learn more about relocating or expanding to IowaIowa business climate, manufacturer incentives, and advantages of IA communities |
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Iowa Business Data*  Population: 3,007,856 Total Labor Force: 1,648,700 Unemployment Rate: 4.7% Number of Manufacturers: 5,297 Manufacturing Jobs: 261,237
Right to Work: Yes
Unemp. Ins. Tax: 0.0–9.0%
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Corporate Income Tax:
Graduated: 6% on first $25,000; 8% on next $75,000; 10% on next $150,000; 12% on all over $250,000. Sales Tax:
6%. Exemptions include: Purchases of manufacturing machinery and equipment. Property Tax:
Properties are assessed at 100% of market value. Levied on the taxable value of real property. No personal property tax including goods-in-progress inventories and raw materials. Leading Manufacturing Industries:
(by % of total manufacturing employment) 22% Food and kindred products 18% Industrial machinery and equipment 8% Fabricated metal products 8% Printing and publishing 7% Electronic and other electric equipment Largest Manufacturing Establishments:
(by number of employees) Rockwell Collins, Inc. (Cedar Rapids) - 7,800
John Deere Waterloo Works (Waterloo) - 4,200 Pella Corp. (Pella) - 4,000 Tyson Fresh Meats, Inc. (Waterloo) - 2,500 Cargill Meat Solutions (Ottumwa) - 2,400 |
Counties with the Most Manufacturing Jobs:
Polk - 32,354 Linn - 25,215 Black Hawk - 15,857 Scott - 14,958 Dubuque - 13,226 Cities with the Most Manufacturing Jobs:
Cedar Rapids - 21,548 Des Moines - 20,108 Waterloo - 13,176 Davenport - 9,591 Dubuque - 9,097 Manufacturing Related Business Incentives:
• Grow Iowa Values Financial Assistance Program
• Demonstration Fund (commercialization incentive) • Public Facilities Set-Aside Program (PFSA) • Export Trade Assistance Program (ETAP) • Enterprise Zones • New Jobs Tax Credit • High Quality Jobs Program • Brownfield/Grayfield Tax Credit Program • Research Activities Tax Credit • Targeted Jobs Withholding Tax Credit Pilot Program • Revolving Loan Funds • Local Property Tax Abatement & Exemption Program for Industrial Properties • Tax Increment Financing • Regulatory Assistance Program |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Iowa Department of Economic Development
The Department is always available to provide the information and assistance needed on vital issues including exports, licensing requirements, environmental issues and more; all in an effort to help make the most of the opportunities available to do business in Iowa.
200 E Grand Ave, Des Moines, IA 50309 (Map & Aerial View)
(800) 245-4692
www.iowalifechanging.com
Lee County Economic Development Group
Lee County and our economic development partners at the regional, state and federal levels offer a wide array of financial assistance and incentive packages to encourage the growth and profitability of businesses expanding in the State of Iowa and creating quality job opportunities for Iowans. Qualifying factors include job creation, employee wage rates, and local economic impact.
307 Bank St., Keokuk, IA 52632 (Map & Aerial View)
(319) 524-2535
Greater Des Moines Partnership
The Partnership on a daily basis focuses on economic and community development. Through economic development, it works regionally to recruit and assist new and expanding businesses and to ensure there is a talented and educated workforce from which those firms can draw their human resources.
700 Locust Street, Suite 100, Des Moines, IA 50309 (Map & Aerial View)
(515) 286-4950
www.desmoinesmetro.com
Iowa Area Development Group
The Iowa Area Development Group was organized in 1985 to serve businesses interested in expanding or locating within the member-owned and municipal electric service areas of Iowa. Hundreds of expanding companies have entrusted IADG with their site selection needs.
2700 Westown Parkway Suite 425, West Des Moines, IA 50266 (Map & Aerial View)
(800) 888-4743
www.iadg.com
Iowa Lakes Corridor
The Iowa Lakes Corridor Development Corporation is the regional economic development agency for Buena Vista, Clay, Dickinson and Emmet Counties. It seeks to foster, encourage, promote, aid or otherwise assist in the economic growth and development of the four-county region.
1900 Grand Ave., Ste. E-12, Spencer, IA 51301 (Map & Aerial View)
(712) 264-3474
(712) 580-3472 Fax
www.lakescorridor.com
Marshalltown Economic Development Impact Committee
Marshall Economic Development Impact Committee (MEDIC) is a public/private full service economic development firm in Central Iowa representing Marshall County, Iowa (Population 45,000). We specialize in assisting companies interested in locating, expanding or starting in Central Iowa with a focus on advanced manufacturing, biosciences & distribution.
P.O. Box 1000, Marshalltown, IA 50158 (Map & Aerial View)
(641) 753-6645
Midwest Partnership Development Corporation
Non-profit, collaborative economic development organization formed to strengthen the economic vitality of the region consisting of Adair, Audubon, Greene, and Guthrie counties of west central Iowa.
615 S Division St., Stuart, IA 50250 (Map & Aerial View)
(515) 523-1262
www.iowadevelopment.com
Nevada Economic Development Council
Nevada, Iowa has large sites available and targets bio and renewable energy projects as well as distribution centers. DuPont broke ground in December of 2012 and has begun construction of a $200Mil 'one of the 1st in the world' commercial cellulosic ethanol refineries. Nevada is located just minutes from Iowa State University and 1/2 hour from the Capitol City of Des Moines. The community provides excellent incentive packages.
P.O. Box 157, Nevada, IA 50201 (Map & Aerial View)
(515) 382-1430
www.nevadaiowaedc.com
Quad Cities First
Quad Cities First is the lead Bi-State economic development organization for Eastern IA & Western Illinois. Our centralized region, the only place in North America where the Mississippi River & Interstate 80 intersect, offers multi-modal transportation affording easy, cost-effective access to domestic & international markets.
130 W. 2nd St., Davenport, IA 52801 (Map & Aerial View)
(563) 327-0160
www.quadcitiesfirst.com
Sibley Chamber Of Commerce
To provide leadership to enhance the quality of life of the community through the unified efforts of its members, volunteers, businesses, and citizens.
310 9th St., Sibley, IA 51249 (Map & Aerial View)
(712) 754-3212
www.sibleyiowa.net
Spencer Main Street Co.
The Main Street approach to downtown revitalization emphasizes four points: Promotion, Design, Business Improvement and Organization. The Main Street philosophy also has eight principles of success: A comprehensive program, an incremental process, the program is self-help, public and private partnerships, capitalizing on existing assets, a quality program, not quantity, changing attitudes and a planed implementation process.
P.O. Box 7937, Spencer, IA 51301 (Map & Aerial View)
(712) 262-7246
(712) 266-5747 Fax
www.spencermainstreet.com
Iowa Industrial News:
Industrial Directory Reports Iowa Continues To Gain Manufacturing Jobs In 2012 (4/15/2013)
Industrial Directory Report Iowa Gained Manufacturing Jobs In 2011 (4/2/2012)
Iowa Lost Fewer Manufacturing Jobs In 2010 (3/21/2011)
Iowa Lost 11,000 Manufacturing Jobs Over Past Year (2/25/2010)
Iowa Industrial Jobs Down 1.5% In 2008 According To State Manufacturers Directory (3/13/2009)
Iowa Lost 2,900 Manufacturing Jobs In 2007 Reports State Industrial Directory (3/17/2008)
Industry Guide Reports Iowa Manufacturing Jobs Up 2.6% (3/5/2007)
Iowa Manufacturers' Guide Reports Plants Up 327; Jobs Up 2.6% (3/6/2006)
Industrial Directory Reports Iowa Continues To Gain Manufacturing Jobs In 2012 (4/15/2013)
Industrial Directory Report Iowa Gained Manufacturing Jobs In 2011 (4/2/2012)
Iowa Lost Fewer Manufacturing Jobs In 2010 (3/21/2011)
Iowa Lost 11,000 Manufacturing Jobs Over Past Year (2/25/2010)
Iowa Industrial Jobs Down 1.5% In 2008 According To State Manufacturers Directory (3/13/2009)
Iowa Lost 2,900 Manufacturing Jobs In 2007 Reports State Industrial Directory (3/17/2008)
Industry Guide Reports Iowa Manufacturing Jobs Up 2.6% (3/5/2007)
Iowa Manufacturers' Guide Reports Plants Up 327; Jobs Up 2.6% (3/6/2006)
Looking to reach Iowa manufacturers? Access the Iowa Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 6/10/2013. All other stats updated on 5/17/2013. Listings updated on 6/19/2013.
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