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Iowa

USA
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Overview

Iowa is a U.S. state in the Midwestern United States, bordered by the Mississippi River on the east and the Missouri River and the Big Sioux River on the west. Surrounding states include Wisconsin to the northeast, Illinois to the east, Missouri to the south, Nebraska to the west, South Dakota to the northwest, and Minnesota to the north.

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EDO Spotlight

Regional Marketplace Iowa (Coming Soon)
EDO Website Iowa Economic Development Authority
SelectUSA Contact Fred Johnson

Companies

Projects

Incentives

Proof of Commercial Relevance Low Interest Financing

The Proof of Commercial Relevance (POCR) program is designed to define and articulate the opportunity for businesses that demonstrate a proof-of-concept for innovative technology. Awards up to $25,000 in low interest loans with a 1:2 (private:public) match.

Iowa Innovation Acceleration Fund Low Interest Financing

The Iowa Innovation Acceleration Fund promotes formation and growth of businesses that engage in the transfer of technology to competitive, profitable companies that create high-paying jobs.

Demonstration Fund Low Interest Financing

The Demonstration Fund is designed to provide assistance to companies with market-ready innovative technologies or products that have a clear potential for commercial viability

High Quality Jobs Low Interest Financing

The High Quality Jobs (HQJ) program provides qualifying businesses assistance to off-set some of the costs incurred to locate, expand or modernize an Iowa facility. This flexible program includes loans, forgivable loans, tax credits, exemptions and/or refunds.

Economic Development Set-Aside (EDSA) Low Interest Financing

The Economic Development Set Aside (EDSA) program provides financial assistance to businesses and industries requiring assistance to create or retain job opportunities in Iowa.

Wage Requirements Special Zoning

Laborshed wages are calculated based on an employment area's actual commuting patterns and exclude retail and healthcare wages, among others; the resulting wage is more representative of a true starting wage for the types of businesses eligible for assistance.

Targeted Jobs Withholding Tax Credit Tax Credits

The Targeted Jobs Withholding Tax Credit is a pilot program that allows diversion of withholding funds paid by an employer to be matched by a designated pilot city to create economic incentives directed toward the growth and expansion of targeted businesses locally. Match for every withholding dollar received. This match can be provided by a private donor, the pilot city, the employer, or a combination of all three; and can be in cash or in-kind contributions.

Research Activities Credit Tax Credits

Iowa companies earn refundable tax credits for research and development investments that may be paid directly in cash to the company once its tax liabilities have been met.

Renewable Chemicals Production Tax Credit Tax Credits

Iowa offers the first in the nation Renewable Chemicals Production Tax Credit. The program incentivizes the production of 30 high-value chemicals derived from biomass feedstocks.

New Jobs Tax Credit Tax Credits

This one-time, corporate income tax credit is available to participants in the New Jobs Training (260E) Program. Iowa offers this credit as an incentive for businesses that provide additional training to employees and expand their workforce.

Relevant Links

29

fdi rank

55,800

fdi jobs

4.2%

of total private employment from fdi

430

global employers

22.9%

5 year growth in fdi employment

5.3%

5 year growth in private sector employment

FDI Employment by Industry

FDI Employment by Country

394,164,999

exports ($)

5,774,853,858

imports ($)

31

state-local tax burden rank

Census Data

Population
Population estimates, July 1, 2016, (V2016)3,134,693
Population estimates base, April 1, 2010, (V2016)3,046,869
Population, percent change - April 1, 2010 (estimates base) to July 1, 2016, (V2016)2.90
Population, Census, April 1, 20103,046,355
Age and Sex
Persons under 5 years, percent, April 1, 20106.60
Persons under 18 years, percent, April 1, 201023.90
Persons 65 years and over, percent, April 1, 201014.90
Female persons, percent, April 1, 201050.50
Race and Hispanic Origin
White alone, percent, April 1, 201091.30
Black or African American alone, percent, April 1, 20102.90
American Indian and Alaska Native alone, percent, April 1, 20100.40
Asian alone, percent, April 1, 20101.70
Native Hawaiian and Other Pacific Islander alone, percent, April 1, 20100.10
Two or More Races, percent, April 1, 20101.80
Hispanic or Latino, percent, April 1, 2010 (b)5.00
White alone, not Hispanic or Latino, percent, April 1, 201088.70
Population Characteristics
Veterans, 2011-2015211,066
Foreign born persons, percent, 2011-20154.70
Housing
Housing units, April 1, 20101,336,417
Owner-occupied housing unit rate, 2011-201571.50
Median value of owner-occupied housing units, 2011-2015129,200
Median selected monthly owner costs -with a mortgage, 2011-20151,171
Median selected monthly owner costs -without a mortgage, 2011-2015434
Median gross rent, 2011-2015697
Families and Living Arrangements
Households, 2011-20151,236,409
Persons per household, 2011-2015242.00
Living in same house 1 year ago, percent of persons age 1 year+, 2011-201584.80
Language other than English spoken at home, percent of persons age 5 years+, 2011-20157.40
Education
High school graduate or higher, percent of persons age 25 years+, 2011-201591.50
Bachelor's degree or higher, percent of persons age 25 years+, 2011-201526.70
Health
With a disability, under age 65 years, percent, 2011-20157.90
Persons without health insurance, under age 65 years, percent5.90
Economy
In civilian labor force, total, percent of population age 16 years+, 2011-201567.60
In civilian labor force, female, percent of population age 16 years+, 2011-201563.30
Total accommodation and food services sales, 2012 ($1,000) (c)5,468,687
Total health care and social assistance receipts/revenue, 2012 ($1,000) (c)18,583,828
Total manufacturers shipments, 2012 ($1,000) (c)116,668,830
Total merchant wholesaler sales, 2012 ($1,000) (c)62,318,301
Total retail sales, 2012 ($1,000) (c)44,905,624
Total retail sales per capita, 2012 (c)14,607
Transportation
Mean travel time to work (minutes), workers age 16 years+, 2011-201519
Income and Poverty
Median household income (in 2015 dollars), 2011-201553,183
Per capita income in past 12 months (in 2015 dollars), 2011-201527,950
Persons in poverty, percent12.20
Businesses
All firms, 2012259,121
Men-owned firms, 2012135,382
Women-owned firms, 201282,345
Minority-owned firms, 201214,707
Nonminority-owned firms, 201214,707
Veteran-owned firms, 201225,889
Nonveteran-owned firms, 2012217,779
Geography
Population per square mile, 201055
Land area in square miles, 201055,857