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Iowa State (U.S.A.), a land of financial and insurance sector, highest marginal corporate tax rate, agriculture and large companies




With affordable cost of doing business, Indiana is a mature market of + 3 million consumers. Agriculture is a small portion of a diversified economy, with manufacturing, biotechnology, finance and insurance services, and government services contributing substantially to Iowa's economy.


Manufacturing is the largest sector of Iowa's economy. Major manufacturing sectors include food processing, heavy machinery, and agricultural chemicals.
Food processing is the largest component of manufacturing. Besides processed food, industrial outputs include machinery, electric equipment, chemical products, publishing, and primary metals. 

Companies with direct or indirect processing facilities in Iowa include ConAgra Foods, Wells Blue Bunny, Barilla, Heinz, Tone's Spices, General Mills, and Quaker Oats. Meatpacker Tyson Foods has 11 locations, second only to its headquarter state Arkansas.
Iowa's main agricultural products are hogs, corn, soybeans, oats, cattle, eggs, and dairy products. Iowa is the nation's largest producer of ethanol and corn and some years is the largest grower of soybeans as well. 

As of 2014, there were 16 organizations offering health insurance products in Iowa, per the State of Iowa Insurance Division. 

Iowa has a strong financial and insurance sector, with approximately 6,100 firms, including AEGON, Nationwide Group, Aviva USA, Farm Bureau Financial Services, Voya Financial, Marsh Affinity Group, MetLife, Principal Financial Group, Principal Capital Management, Wells Fargo, and Wells Fargo Financial Services.

Iowa is host to at least two business incubators, Iowa State University Research Park and the BioVentures Center at the University of Iowa. 

Ethanol production consumes approximately one-third of Iowa's corn production.
Renewable energy has become a major economic force in northern and western Iowa, with wind turbine electrical generation increasing exponentially since 1990.

In 2016, Iowa was the headquarters for three of the top 2,000 companies for revenue.
 They include Principal Financial, Rockwell Collins, and American Equity Investment. 

Iowa imposes taxes on net state income of individuals, estates, and trusts. There are currently nine income tax brackets, ranging from 0.36% to 8.98%, as well as four corporate income tax brackets ranging from 6-12%, giving Iowa the highest marginal corporate tax rate in the country. Property tax is levied on the taxable value of real property.
Iowa has four primary interstate highways.
Iowa is served by several regional airports including the Des Moines International Airport, the Eastern Iowa Airport, in Cedar Rapids, Quad City International Airport, which is located in Moline, Illinois, and Eppley Airfield, located in Omaha, Nebraska.
Amtrak's California Zephyr serves the south of Iowa with stops at Burlington, Mount Pleasant, Ottumwa, Osceola, and Creston on its daily route between Chicago and Emeryville, California (across the bay from San Francisco).


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