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 Business | 244 | 13 | 10 | B+ |
| Infrastructure | 174 | 35 | 32 | C- |
| Life, Health & Inclusion | 263 | 5 | -- | B+ |
| Workforce | 144 | 37 | 34 | D |
| Economy | 141 | 26 | 13 | B- |
| Business Friendliness | 85 | 34 | 24 | C- |
| Access to Capital | 62 | 36 | 32 | D |
| Technology & Innovation | 93 | 23 | 26 | C+ |
| Education | 88 | 20 | 17 | B- |
| Cost of Living | 59 | 12 | 13 | B+ |
| Overall | 1353 | 20 | 16 | -- |
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
