Iowa's Business Advantage

In Iowa, you will be well positioned for success in a state with a history of scientific and business innovation, supported by well-educated, knowledgeable employees. Iowa's vision for business includes the creation of community hubs around which revolve choice resources of land, material and mind power to create productive cooperative enterprises, working for mutual prosperity in the life sciences, advanced manufacturing and information solutions industries.

Iowa is a Right-to-Work state
Iowa has the lowest new employee unemployment insurance rate in the nation on corporate and individual income taxes
Iowa is one of the only 5 states that offers Federal Deductibility, this allows 50% deductibility of federal taxes on corporate income tax in Iowa.
Iowa has eliminated the following tax burdens:
- No sales or use tax on industrial machinery/equipment/computers
- No sales tax on purchases of electricity or natural gas used directly in the manufacturing process
- No sales tax on computer/peripherals used in the processing and storage of data
- No property tax on manufacturing machinery/equipment/computers
- No tax assessment on personal property (includes corporate inventories of salable goods, raw materials, and goods in process)
Iowa ranks 2nd in the nation based on 43 factors in quality of life
Iowa is the 2nd-lowest in industrial natural gas cost
Iowa ranks 1815 on the SAT scores when the national average is 1518
Iowa ranks 22.0 on the ACT scores when the national average is 20.9
Home to 3 state universities rated in the top 100 (Kiplinger 2006), 15 community colleges, and 33 private colleges
Iowa has great interstate and highway accessibility

Business Incentives

APPLICATIONS: SELP or REDI

For more information on local financial incentives, contact one of the following:

Monroe County

Dan Tometich
Albia Industrial Development Corporation
1 Benton Avenue West
Albia, IA 52531
Phone: (641) 932-7233
Fax: (641) 932-3044
Email: aidc@iowatelecom.net

Wapello County

David Barajas Jr.
Ottumwa Economic Development Corporation
217 East Main Street
PO Box 1288
Ottumwa, IA 52501
Phone: (641) 682-3465
Fax: (641) 682-3466
Email: dbarajasjr@ottumwaiowa.com

Mahaska County

Miranda Johnson
Mahaska County Agricultural and Rural Development
2074 Old Hwy 163
Oskaloosa, IA 52577
Phone: (641) 673-6385
Fax: (641) 672-1385
Email: mcard@mahaskacounty.org