Wednesday, September 14 2016
Finding a suitable piece of land for business relocation can be a fast, painless undertaking in Iowa where a unique program has certified sites in 12 communities ready for development.
Each of the certified sites, which range from 150 to almost 600 acres, were inspected by an independent site selection consultant to assure it meets national site selection standards, and has ready access to major transportation infrastructure, energy, water and zoning that meets the industry needs of advanced manufacturing, financial services, information technology and biosciences companies. Certified site locations include Cedar Rapids, Davenport, Dexter, Forest City, Fort Dodge, Iowa Falls, Marion, Mason City, Middletown, Norwalk, Perry, and Van Meter. As many as 12 additional sites are undergoing inspection this year.
With access to rail, interstate and connection highways, several sites are ideally situated for large-scale industrial biorenewable processing, advanced manufacturing or high-tech data centers.
“By introducing certified sites to the market, Iowa is better able to compete for large-scale projects,” said Debi Durham, director of the Iowa Economic Development Authority. "We offer shovel ready locations and we have the shovels to get you started."
New Development-Ready Location Offers Security, Fire Rescue On-Site
Named the Commerce Center of Southeast Iowa, the site is a 152.9 acre plot of land that is five miles from two U.S. highways and is served by rail. It’s also near a barge terminal on the Mississippi River. It’s an ideal location for manufacturers with unique security needs.
Iowa Incentives Plus Resources Can Transform Chemistry
“The competition to attract job-creating projects is steep, so looking for every possible advantage is critical," said Governor Terry Branstad. "We are moving Iowa to the top of the list for projects that are looking for a home.”
Infrastructure and Tax Structure Empowers Exporters
The state also exempts income earned outside Iowa from the state's corporate income tax. It's no wonder Iowa has attracted $11 billion of private capital investment over the last four years. It also is a leading exporter, shipping more than $15.1 billion in manufactured and value-added goods to markets around the world in 2014 – an increase of 39 percent since 2011.
Wind Energy Leadership Attracts Sustainable Businesses
The widespread availability of affordable, renewable electricity has attracted companies who have made commitments to sustainable energy usage like Google, Facebook and Microsoft to Iowa. With ever increasing wind energy capacity, Iowa will continue to be an affordable and sustainable location for companies with energy-intensive operations.
Focused Education System Produces Skilled, Stem Workers at Good Value
This high achievement level is one reason a 2016 Chief Executive magazine survey of CEOs placed Iowa in the top six in worker quality. Due to the state’s relatively low cost of living, those high quality workers are also available at a good value. The average salary for a manufacturing employee in Iowa is more than 21 percent below the national average.
Focused Strategy Demonstrates Iowa Wants Your Business
In short, Iowa offers the closest thing to a "risk free investment."
To learn more about Iowa’s Certified Sites, or the state's Renewable Chemical Production Tax Credit, visit iowaeconomicdevelopment.com.
Visit http://www.expansionsolutionsmagazine.com/iowa_ed for local economic development office directory listings.