The Hawkeye State attracts large and small businesses with its low costs and business-friendly environment. Iowa’s low taxes reduce the cost of doing business, as do the low commercial real-estate prices (the lowest in the US). The state is also proud of its renewable energy costs. Wind power makes up more than 35% of the energy produced in Iowa, and costs are low, making it easy for businesses to purchase environmentally friendly electricity.
Iowa supports its businesses by ensuring an educated, qualified workforce. The state’s high-school graduation rates are well above average, and its ACT scores are evidence of its highly effective programs. The state’s colleges develop curricula that ensure graduates have the skills that local businesses need.
The cost of living in Iowa is another key attraction—it’s around 10% below the US average, and housing costs are the second lowest in the nation. That makes living and working in Iowa more profitable, and it translates to more discretionary income for consumers.
To start your path to success, talk to FranNet’s local experts. They know which businesses will work for you, and they’re ready to help you choose one that will thrive in Iowa.