Iowa offers an attractive economic climate for agricultural machinery manufacturers who wish to increase their market share and profitability in the USA. Iowa has 13 times the concentration of agricultural and construction equipment manufacturing compared to the rest of the nation, with the industry employing over 22,000 employees and contributing sales of over $11.8 billion each year.
European companies in the agricultural and construction machinery sector in Iowa include Hardi, Mitas, CNH, Palfinger, Gebr. Schumacher GmbH, ADR Group, Borghi Impianti, Maschio Group, Lely and Zuidberg.
Manufacturing Friendly Business Climate
- No corporate income tax on profits from sales made outside of Iowa
- 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