Search Icon
SEARCH IEDA

USDA: Iowa has “strongest” incentive package for biobased chemical industry

October 18, 2016

USDA: Iowa has “strongest” incentive package for biobased chemical industry

The state of Iowa offers greater incentives for the biobased chemical industry than any other state, the U.S. Department of Agriculture says in a new report.

The report, “An Economic Impact Analysis of the U.S. Biobased Products Industry,” says Iowa’s Renewable Chemical Production Tax Credit Program, “represents the strongest existing incentive package for the global biobased chemical industry.” The report also says “Iowa has invested more in biobased manufacturing capital assets than any other state.”

In addition to incentives and infrastructure, benefits Iowa offers biochemical companies include the nation’s second lowest cost of doing business, the second largest supply of harvestable biomass and 10 percent of the country’s agbioscience jobs.

For more information on doing business in Iowa, contact the Iowa Economic Development Authority at opportunities@iowaeda.com.

 

 

See how we stack up

The 50-State Comparison Tool

 
Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.348.6200
email: Email Us

Questions?
Drop Us a Line.

Stay Informed.
Sign Up to Receive Updates.
Emails highlighting economic development news, program updates and upcoming events.