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Cultivating Growth in Central Iowa

July 8, 2015

Iowa's Cultivation Corridor - the Ames / Des Moines economic region, anchored by Iowa State University and several leading ag biosciences companies,  has built up serious momentum. Nearly $1.8 billion worth of economic investment has been pumped into central Iowa over the last several years. Major companies find the region to have a welcoming roster of industry heavyweights like Kemin, Harrisvaccines, Monsanto and John Deere - plus access to raw materials, a large talent pool and a state willing to invest in R&D. 

In late 2014, Germany-based Boehringer Ingelheim Vetmedica (BIV) announced a  $110 million capital investment  to its livestock pharmaceuticals production and biological research facilities in both Fort Dodge and Ames. The new BIV facility in Ames will be a large component of the recently-announced expansion of the ISU Research Park

The research park  is home to several animal and human health research companies like NewLink Genetics and Harrisvaccines. Also in 2014, DuPont Pioneer announced plans for a new seed treatment center as part of a $50 million expansion. Global ag and construction equipment manufacturers Vermeer and Hagie Manufacturing also announced satellite expansions to their locations at the research park.  

Over the past 10 years, the Iowa Economic Development Authority has invested $81 million in direct financial assistance to more than 200 biosicence projects throughout the state. The state's bioscience R&D expenditures are 12 percent higher than the national average and Iowa boasts the seventh-lowest cost of doing business. With close proximity to markets, products, research and a support network of companies, Iowa's biosciences ecosystem drives growth and success.

 

 

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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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