Welcome to the State of Iowa

Why Invest in Iowa 

Low cost of doing business:

  • Iowa has the sixth lowest cost of doing business in the United States (CNBC, 2018).
  • Three of Iowa's Metropolitan Statistical Areas rank as best places for business in the U.S. (Forbes Magazine, 2017)
  • Iowa's average industrial electricity cost per kWh is 9% below the U.S. average (U.S. Energy Information Administration, 2017).
  • Iowa's average lease rates for industrial space are 15% below the U.S. average.
  • Iowa's construction costs for industrial space are 18% below the U.S. average
  • Iowa is a right-to-work state

 Iowa is perfectly positioned:

Iowa's central geographic location and abundance of transportation options make the state a quick and easy place for businesses to distribute product.

  • Three interstate highways — I-35, I-80 and I-29 — pass through Iowa offering coast-to-coast, border-to-border access in the U.S. transportation grid. The state's network of highways, intercontinental and short-line railroad and barge routes combine to provide efficient and cost-effective transportation choices.
  • A strong rail infrastructure and rivers bordering both the east and west sides of the state, provide Iowa businesses with warehousing, logistics and distribution benefits. Iowa has 4,389 miles of railway lines.
  • More than 175 million pounds of cargo are transported through Iowa's airports annually.
  • There are 60 barge terminals that ship and receive tonnage in Iowa — 55 on the Mississippi River and five on the Missouri River.

IA BusinessAd

Key Business Advantages:

Corporate income tax

Iowa's corporate income tax policies offer significant advantages for business:

  • Single-factor - based only on the percentage of total sales income within the state of Iowa
  • Non-unitary tax (only the Iowa facility's sales income may be subject to tax) means a lower tax rate.
  • 50 percent deductibility of federal taxes from Iowa corporate income.
  • Iowa corporate income tax may be reduced or eliminated by state tax credit programs.

Property and sales or use taxes

  • No personal property tax for corporate inventories of goods-in-process, raw materials or salable goods.
  • No property tax on industrial machinery, equipment or computers.
  • No sales or use tax on purchases of industrial machinery, equipment and computers used for manufacturing or to process data by insurance companies, financial institutions or certain commercial enterprises.
  • No sales tax on materials used in the manufacturing process or purchases of electricity or natural gas used directly in the manufacturing process.

Refundable research and development tax credit

Iowa is one of only a few states in the nation to consistently offer a refundable research activities credit—even while federal research credits have fluctuated with intermittent expiration dates and reinstatement periods. Iowa's refundable credit for increasing research activities is up to 6.5 percent of the company's qualifying research expenditures in Iowa. Companies approved for expansion in an Enterprise Zone or under the High Quality Jobs program may be eligible for a supplemental tax credit for qualifying research and development activities.


The success of a company depends heavily on the strength of its workforce. Iowa has all of the key elements to provide a smart, productive workforce necessary to foster business growth. The combination of Midwest work ethic and a leading education system results in one of the most productive workforces anywhere.

  • The employee talent pool in Iowa is among the top five in the nation for percentage of high school graduates and degrees earned per capita.
  • Iowa is a right-to-work state.
  • Iowa has the 5th highest number of bachelor's degrees in science, engineering and technology conferred per 1,000 individuals 18-24 years old. (National Science Foundation, Science and Engineering Indicators 2016)
  • Iowa's graduation rate is among the top 10 in the country. Over 90 percent of Iowa's workforce has finished high school, with over 90 percent of those obtaining some further technical training or attending a college or university.

The Iowa Economic Development Authority (IEDA) works with businesses and communities to bolster Iowa's economy and position the state for growth. IEDA can assist your company by providing the following types of assistance:

  • Direct financial assistance, tax credits and job training funds.
  • Confidential location reviews and site location assistance to businesses considering Iowa.
  • Technical assistance for Iowa businesses considering expansion, new companies to Iowa and foreign direct investment.
  • Free searchable database of information on existing buildings, available sites and Iowa communities.
  • Regulatory process assistance provided to Iowa companies.
  • Training and support available to all companies expanding in Iowa. Iowa works in partnership with public/private service providers and other state agencies to actively promote new employee training, incumbent worker preparation, lifelong learning and development and expansion of the state's labor pool.

What We Can Do To Help You

Please visit www.iowaeconomicdevelopment.com for more information on how Iowa can assist you, to learn more about Iowa's business climate, assistance and expansion programs, available buildings, sites and more. Contact us anytime.

All inquiries are handled confidentially.

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State Governor: Kim Reynolds


Contact Info Iowa

Contact Name:
Ms. Anke Goebel de Méndez - Director, European Office
Ms. Heike Zoellner - Business Development Manager

STATE OF IOWA - European Office
Kleine Hochstrasse 8, D - 60313 Frankfurt/Main, Germany
Phone: +49 (69) 28 38 58, Fax: +49 (69) 28 14 93
Email: iowa@iowa-eu.de

State Demographics Iowa

Region: Midwest
Population: 3,145,711 (2017)
Gross State Product: $162.7 billion (2017)
Exports: $13.2 billion (2017)
Labor Force: 1,691,900 (Dec 2018)
Unionization Rate: 8.8% (2018)
Per Capita Personal Income: $45 996 (2017)
Capital City: Des Moines
Principal Cities: Cedar Rapids, Davenport, Sioux City, Dubuque, Council Bluffs, Ames, West Des Moines, Iowa City

Iowa Events Calendar

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C.A.S.E. Call Centre

Ursula Becker

+32 488 331 972

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Mon - Fri: 9:00 - 17:00