18. Iowa

You’ll be flying high with the Hawkeye State’s quality of life. But worker shortages are clipping some companies’ wings.

Grass-fed dairy cattle roam a section of pasture on the farm belonging to Amish farmer James Swantz in Kalona, Iowa.
Rachel Mummey | The Washington Post | Getty Images
Grass-fed dairy cattle roam a section of pasture on the farm belonging to Amish farmer James Swantz in Kalona, Iowa.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 191 39 42 C-
Infrastructure 203 24 23 C+
Cost of Doing Business 244 6 10 A+
Economy 132 34 21 C-
Quality of Life 214 7 9 B+
Technology & Innovation 116 26 25 C
Education 129 13 9 B
Business Friendliness 101 15 11 B
Access to Capital 29 36 30 D
Cost of Living 39 12 15 (Tie) B+
Overall 1398 18 15 -

Economic Profile

Governor: Kim Reynolds, Republican

Population: 3,145,711

GDP growth (Q4 2017): 0.7 percent

Unemployment rate (May 2018): 2.7 percent

Top corporate tax rate: 12 percent

Top individual income tax rate: 8.98 percent

Gasoline tax: 30.50 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/AAA, stable

Major private employers: Hy-Vee Food Stores, Principal Financial Group

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Best | Worst

  • HOUSTON, TX - MARCH 26: United States fans celebrate with a USA banner in game action during a friendly International match between Chile and the United States on March 26, 2019 at BBVA Compass Stadium in Houston, TX. (Photo by Robin Alam/Icon Sportswire via Getty Images)

    The war between the states for business and jobs has never been more intense, with states paying staggering amounts of taxpayer dollars to woo companies. Here is the ranking of America's Top States for Business in 2019, released by CNBC today.

  • Railroad tracks leading into the historic train depot in Santa Fe, New Mexico.

    By the numbers, these are America's worst states for business, according to a 2019 CNBC ranking released today. They received low marks for the quality of their workforce, business-friendliness, education and economic growth.

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    Analyzing the data from the CNBC America's Top States for Business study, we reveal the 10 states that get the highest marks for low crime, inclusiveness, a strong health system and a healthy environment.

Features

Top States Past Year Rankings

  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

  • CNBC unveils its 11th annual America's Top States for Business ranking for 2017, scoring all 50 states on 10 key measures of competitiveness.

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    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.