Based on a strong agricultural foundation, Iowa has transformed its economy over the last 50 years. The state is now home to a wide range of industries, including advanced manufacturing, food processing and biotechnology.
Advanced manufacturing sector employs 14% of the state’s total workforce – 36% higher than the national employment distribution for manufacturing. More than 6,000 manufacturers employ nearly 216,000 Iowans.
Tax environment
![money envelope icon](/-/media/alliant/images/communitysupportandsafety/economicdevelopment/growthsites/icons/money-envelope-wide.png?la=en&hash=0A67D4BF1F67A71AAF9423D60E541A1A)
Single-factor, non-unitary tax based only on the percentage of total sales income within the state
0 – 12% corporate income tax
50% federal corporate income tax deduction
3.3% – 8.53% personal tax
100% deduction of federal personal income taxes