Top States for Business

20. Iowa

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Health care is strong in the Hawkeye State, but it is not the most fertile ground for business capital.

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Iowa Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business2441310B+
Infrastructure1743532C-
Life, Health & Inclusion2635--B+
Workforce1443734D
Economy1412613B-
Business Friendliness853424C-
Access to Capital623632D
Technology & Innovation932326C+
Education882017B-
Cost of Living591213B+
Overall13532016--

Economic Profile

Governor: Kim Reynolds, Republican

Population: 3,163,561

GDP growth (Q1 2021): 5.2%

Unemployment rate (May 2021): 3.9%

Top corporate tax rate: 9.8%

Top individual income tax rate: 8.53%

Gasoline tax: 30.00 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

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