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3 reasons #BIO2016 companies should be looking at Iowa

June 6, 2016

If you’re attending the BIO International Convention and planning the future of your company, you should be thinking about expanding in Iowa. Here are three reasons why:

Iowa is the only state with a tax credit for renewable chemical production

Capitalizing on Iowa’s strengths in agriculture and biofuels, the state’s Renewable Chemical Production Tax Credit Program offers tax credits equal to five cents per pound of qualified chemicals produced, and the state has the authority to grant up to $10 million in tax relief annually. Iowa also offers a refundable R&D tax credit.

Iowa has one of the country’s top workforces

Iowa ranks 2nd in the country for the number of science and engineering bachelor’s degrees conferred per 1,000 people ages 18-24, and Chief Executive magazine said Iowa has the #6 workforce in the country in terms of quality.

Iowa’s university towns are nationally recognized centers for research

Ames, home to Iowa State University, is also home to the U.S. Department of Energy’s Ames Laboratory and the U.S. Department of Agriculture’s National Animal Disease Center. Recently, the president and CEO of Boehringer Ingelheim Vetmedica Inc. said Ames is the “epicenter” for animal health research in the U.S.

Iowa City is home to the University of Iowa and its Carver College of Medicine, one of the top recipients of National Institutes of Health research funding. Together, the college of medicine and University of Iowa Hospitals & Clinics have helped make Iowa City a hub for biomedical startups.

Iowa is also one of the best states for doing business, according to Site Selection magazine. The state has development-ready certified sites, a positive business climate and one of the lowest costs of doing business in the country. For more information contact us at opportunities@iowa.gov.

 

 

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

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