Business Climate

   • All nine of Iowa's Metropolitan Statistical Areas are listed as Best Places for Business by Forbes
      magazine; Des Moines was ranked as the second best in the nation. (Forbes, 2014)
   • Iowa consistently has one of the lowest cost of doing business in the country. (CNBC, 2014)
   • Iowa's average industrial electricity cost per kWh is 21% below the U.S. average.
      (U.S. Energy Information Administration, 2012)
   • Iowa is ranked the nation's 6th-most livable state based on 43 factors ranging from median household income
      to crime rate and from sunny days to infant mortality rate. (CQ Press, 2013)
   • Iowa consistently ranks among the nation's most business friendly states. (CNBC, 2014)
   • Iowa is the fourth-best managed state in the U.S. and balances its budget every year as part of state law.
      (24/7 Wall Street, 2014)

Geography and Demographics

   • First settlers arrived in 1788
   • 29th state admitted to the Union on December 28, 1846
   • Ranks 30th in population with 3,090,416 (Census Bureau, 2013)
   • Population of 35 million in a six-state regional market
   • Fastest growing population segment: Hispanic
   • Ranks 23rd in land size with 56,272 sq. mi. (145,741 sq. km) including 413 sq. mi. (1,036 sq. km) of inland water area
   • Iowa has 88,500 farms with an average size of 140 hectares or 346 acres (2013)
   • 86% (12.4 million hectares or 30.6 million acres) of the state's land is arable - one of the highest U.S. percentages


   • Gross State Product $165.8 billion (Bureau of Economic Analysis, 2013)
   • Unemployment rate 4.1% (Iowa Workforce Development, February 2015)
   • Income per capita $44,763 (Bureau of Economic Analysis, 2013)
   • Iowa ranks eleventh in the nation in percentage of GDP from manufacturing.
   • Advanced manufacturing industry is the state's second largest single business sector, contributing
      $28.4 billion annually to the state's economy.
   • Manufacturing represents 17.1% of Iowa's total employment.
   • Iowa has approximately 1,250 bioscience entities and nearly 7% of the industry's total U.S. workforce for agricultural
      feedstock and chemical manufacturing.
   • Iowa ranks third in the nation in current wind generation capacity, with 5,688 MW installed. (AWEA, 2014)
   • Iowa and its robust supply chain support wind energy by being able to manufacture all major wind turbine components.
   • Iowa leads the nation in ethanol production - 43 ethanol refineries have a combined annual capacity of about
      15 billion liters (3.8 billion gallons). (Iowa Renewable Fuels Association, 2014)
   • Iowa is home to 34 of the largest 100 food manufacturers/processors. (Food Processing Magazine, 2013)
   • Iowa's insurance industry output as a percent of gross domestic product ranks second among the 50 states.
      (U.S. Bureau of Economic Analysis, 2012)
   • Per capita, Iowa is the wealthiest of agricultural states with total farm cash receipts of $31.9 billion (2013)
   • Iowa farmers have over $182 billion invested in their farms and equipment (2013)
   • 36,361 farms had sales greater than $100,000 (2012)

Agriculture Crops

   • Iowa's 10.0 million hectares (24.7 million acres) of crop land harvested are 7.9% of the U.S. total and leads all states (2013)
   • Iowa traditionally ranks first or second in corn and soybean production
   • Iowa produces 17% of the nation's corn supply (2013)
   • Iowa's 5.4 million hectares (13.3 million acres) of corn yielded an average of 11.2 metric tons/hectare for a total of
      60.1 million metric tons (2.37 billion bushels)(2014)
   • Iowa produces 13% of the nation's soybeans (2013)
   • Iowa's 4 million hectares (9.8 million acres) of soybeans yielded an average of 3.4 metric tons/hectare for a total of
      13.7 million metric tons (505 million bushels)(2014)
   • Other commodity crops include wheat, winter wheat, oats and various varieties of hay
   • Organic crops are grown for human and animal use, with the major organic cash crop being soybeans


   • Iowa ranks first in pork production (20.9 million head) (2014)
   • Produces more than 30% of all the pork produced in the U.S.
   • Iowa beef producers have over 3.7 million head of cattle (2013)
   • Iowa ranks fourth in grain-fed beef production (2013)
   • Iowa ranks second in red meat production (2012)
   • Iowa ranks:
         First in egg production
         Sixth in beef cows
         10th in sheep
         12th in dairy cows
         12th in milk production


   • Iowa has four distinct seasons
   • Corn is planted from mid-April to June and soybeans from May through mid-June
   • Winter wheat is planted in the fall
   • The growing season stretches from mid-May to early October with harvest beginning in late September
   • The winter season usually lasts 19 weeks, from mid-November to late March
   • Average annual temperature varies from 7.2° C (45° F) in the northern counties to 11.1° C (52° F) in the southeast
   • Average daily high temperature in July is 30.5°C (87° F) with a low of 16.1°C (61° F)
   • Average daily high temperature in January varies from -5.5 to 0°C (22° F to 32° F), with lows from -15.5 to -9.4°C
      (4° F to 15° F)(north to south)
   • Iowa receives 86.3-96.5 cm (34 in to 38 in) of precipitation per year, with the least amount in the winter and the
      highest in the summer growing season


   • In 2014, Iowa exported $15.1 billion in manufactured/value added agricultural goods according to the Global Trade
      Information Service (GTIS).
   • Almost 3,400 companies exported goods from Iowa locations (2012)
   • Iowa's products and services were exported to more than 190 countries in 2014 (GTIS)
   • In 2014, the top five importers of Iowa manufactured goods and value added goods were Canada, Mexico, Japan,
      China and Brazil
   • Iowa exports pork products to 31 countries