 |
|
Key industries: Major industries in Iowa from a standpoint of output is agriculture of corn (No. 1 in the U.S.) and soybeans (No. 1), livestock industry for raising hogs (No. 1 in the U.S.) and beef cattle (No. 5) that are fed on corn and soybeans. And also, industrial machinery and electrical equipment manufacturing, the insurance industry comprising life insurance/health care insurance (No. 2 in the U.S.) and non-life insurance (No. 4) attract attention as vital industries in Iowa. It is also an attractive state for the banking and printing businesses.
Furthermore, noticeable progress has been made in the development of infrastructure for the IT industry as well as in the field of life science that has been promoted in cooperation with Iowa State University and the University of Iowa, capturing the attention of related industries. |
|
|
|
 |
|
|
| Production Item |
Ranking in the U.S |
Output |
| Corn |
1 |
2.36 billion bushels |
| Soybeans |
1 |
0.438 billion bushels |
| Hogs |
1 |
18.1 million hogs |
| Poultry eggs |
1 |
13.8 billion eggs |
| Red meat |
2 |
6.53 billion lbs (beef, veal, pork and lamb) |
| Beef |
5 |
1.8 billion lbs |
|
|
|
|
|
| In the manufacturing industry, over 500 kinds of products are exported to other countries worldwide. Main export products include chemical agents, pharmaceutical products, clothings, machinery and appliances, automobile components, tires, processed foods, and agricultural equipment. |
| Of Fortune 1,000 companies, the head offices of the following companies are located in Iowa: HON Industries, Meredith, Pioneer Hi-Bred International, Principal Mutual Life Insurance, etc. In addition, more than 100 companies own related facilities in the State of Iowa. |
|
|
|
Ninety three (93) insurance companies currently domicile in Iowa.
Insurance businesses are considered to concentrate in Iowa for the following reasons. |
|
● Low insurance premium taxes of 1%
●
High worker productivity
● Low wage level
● High education level
● Tax exemption for computers |
|
|
|
| Please request the brochure of the "Biotechnology in Iowa" for a detailed description. |
|
|
|
 |
|
|
| Major Japanese firms that have expanded into Iowa as of March 2008 are listed below. |
|
Ajinomoto
USA Inc. (Ajinomoto Co., Inc.) |
|
|
American
Honda (Honda Motor Co., Ltd.) |
|
|
Bridgestone-Firestone
Tire (Bridgestone Corporation) |
|
|
DENSO Co., Ltd. (DENSO Corporation) |
|
|
Midland
BioProducts Corporation (Nitto Boseki Co., Ltd.) |
|
|
Swine
Genetics International, Ltd. (Pacific
Ocean Breeders) |
|
|
KBK
Inc. (Kyokuto Boeki Kaisha, Ltd.) |
|
|
NSK
Corporation (NSK Ltd.) |
|
|
NSK-AKS
Precision Ball Co. (NSK Ltd./Amatsuji Steel Ball MFG. Co., Ltd.) |
|
|
Helena
Chemical Company (Marubeni Corporation) |
|
|
Nippon
Life Insurance Co. of America (Nippon Life Insurance Company) |
|
|
Heartland
Lysine, Inc. (Ajinomoto Co., Inc.) |
|
|
Miracle Tools Americas LLC (Mitsubishi Material Corporation) |
|
|
Northwest Iowa Pork (Itohham Foods Inc.) |
|
|
Prima
Corporation (Prima Meat Packers, Ltd.) |
|
|
Sudo
Corporation (Sudo Manufacturing Co., Ltd.) |
|
|
TOYOTA Financial Services Corp. (TOYOTA MOTOR CORPORATION) |
|
|
|
|
 |
|
|
| Iowa is positioned roughly at the center of the U.S. The efficient distribution using transportation by road, water has gained a favorable reputation as a convenient location from the Japanese companies that operate in Iowa. |
|
|
|
|
|
|
1.
Location |
Since Interstates 80 and 35, which run almost straight east to west and north to south respectively, intersect at Des Moines, the city capital located in the central part of the state. From Des Moines, it is possible to reach Chicago (Illinois), Minneapolis/Saint Paul (Minnesota), Kansas City (Kansas), St. Louis (Missouri), Oklahoma City (Oklahoma) and Milwaukee (Wisconsin) in several hours. |
|
2.
Waterway |
Iowa faces the Mississippi River, along with the Missouri River, the only rivers in the U.S., where the large vessels can travel, both of which are directly linked with overseas ports via the Gulf of Mexico. |
|
3.
Air route |
Given that the state boasts a commercial airport servicing arrival and departure of eleven regular flights and over a hundred airports of varying size scattered throughout the state that allow use by private planes, it is possible to reach one of these airports by car within thirty minutes from any place in Iowa. |
|
4.
Railroads |
The freight transportation network of the Norfolk Southern Railway running through the state enables commodities and products to be transported by rail across the U.S. It is easy to lay an exclusive railway, for which government funds are available. There are six stations in the state where AMTRAK passenger-carrying cars stop. |
|
|
|
|
 |
|
|
Source: Energy Power Monthly - Energy Information Administration - August 2007 |
|
|
Source: Natural Gas Monthly - Energy Information Administration - September 2006
|
|
|
| Japan occupies an important position as an export counterpart of Iowa, as seen in its performance in 2006 when it ranked 3rd, behind Canada and Mexico. |
Total US exports via Iowa
Top 10 countries based on 2006 Dollar Value |
| Rank |
Country |
$USD |
% Share |
| 1 |
Canada |
3,065,278,684 |
36,45% |
| 2 |
Mexico |
1,285,892,597 |
15.27% |
| 3 |
Japan |
656,125,810 |
7.80% |
| 4 |
Germany |
395,942,470 |
4.71% |
| 5 |
United Kingdom |
245,070,465 |
2.91% |
| 6 |
China |
243,635,795 |
2.90% |
| 7 |
France |
243,403,714 |
2.89% |
| 8 |
Australia |
199,476,477 |
2.37% |
| 9 |
Korean Republic |
186,972,036 |
2.22% |
| 10 |
Russia |
122,740,550 |
1.46% |
|
Source: Global Trade Information Services, Inc. 2006 |
|
|
|
