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| The State of Iowa welcomed the 21st century with unprecedented vitality and desire for development. Boasting a healthy business environment, the State of Iowa proactively supports companies establishing new business in the state and companies expanding their business. As Iowa is becoming widely known for its superior location for business, a number of companies both domestic and from abroad initiate business and continue to expand their operation in the state. |
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Economic indicators clearly show the prosperity of Iowa. Automobile insurance premiums are the lowest in the U.S. The price of housing is also lower than the average in the Midwestern states and across the country. Exports of manufactured goods have been growing at a level of 13.1% and better, and have increased 91% over the past ten years. Presently, 43% of the employers of private companies subject to unemployment insurance premium payments are eligible for a rating of 0% due to their favorable business performance. |
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Although it is certain that big factors behind this success are the high level of education and labor force well known to people in Iowa, the state has been further striving for the improvement of the business environment on an ongoing basis. The state does not impose property tax, normally applied to machinery and equipment, or tax for computer. As in the case of machineries and equipment, computers used for data processing are exempt from property and sales taxes. The number of business areas is increasing in Iowa, and infusions of new capital are extremely beneficial. The Regulatory Assistance Program of the state supports companies in promptly obtaining approval and licenses from regulatory authorities. |
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The primary tasks of the Iowa Department of Economic Development (IDED) are welcoming companies that intend to start new businesses in Iowa, and supporting the development and prosperity of existing industries. Both new companies that will move into Iowa and existing companies that have achieved longstanding success to date inside and outside of the state are eligible to use all the systems, services and supports introduced in and after the following pages whenever needed, on a confidential basis. |
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We firmly believe that the State of Iowa will be able to lead new companies expanding into Iowa to a new age full of hope that is the 21st century. We would like you to visit Iowa once and see why Iowa is a great state to do business. |
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