There are plenty of other notable and more well-known states in the US, such as New York or California. Why should you choose to start a business in Iowa? Is this a good destination for new businesses?
First and foremost, the cost of living in Iowa is more affordable than most states and yet residents experience a high quality of life. It was once ranked 9th in the US in terms of the best places to start a business. The state has continued to flourish as a business hub and is now a growing option for entrepreneurs and investors alike.
The business-friendly environment in Iowa is responsible for this. It opens up plenty of opportunities for low- to high-end businesses to flourish. The low cost of living also translates to a low startup and operational cost for businesses. Even if you have to build your own space, it won't cost you as much as it would in other states. Even commercial rent is still pretty low by US standards.
It is also one of few states that do not impose personal property tax. Therefore, you won't be taxed for raw materials, finished goods, and goods-in-process as long as it is for business use. If that's not enough, the state offers corporate tax benefits so you can get more savings.
At the request of our visitors we've included the below local insurance contacts for most cities in Iowa. Talking to a licensed insurance agent is the best way to find affordable auto insurance in The Hawkeye State. Iowa's state laws require drivers to have both bodily injury along with destruction of property coverage. If you're looking to switch car insurance companies and find a cheap deal, the first step is to get in contact with a local insurance agent in the state of Iowa and get a few quotes. Inquiring with a local agent in the state will not only help you avoid paying fines due to a lapse in coverage, but will also help you find low cost rates. For additional information on traffic laws or driving schools please navigate to your respective state using the map.
Iowa is a small state but it plays a huge role in US politics, thanks to the caucuses of its 99 counties. When they gather once every four years, then you know that the US presidential elections is coming up.
Iowa is a farm state, too. Hogs, cattle, and livestock breeding are the primary source of income for the state. In fact, more hogs are raised in Iowa than any other state in the US. Aside from that, the state's major products include corn, soybeans, chicken, milk, and eggs.
The Hawkeye State is also noted for its food processing industry. It is home to many popcorn-processing plants and cereal mills. There are lots of opportunities available for those who like to move to or start a business in Iowa, mainly for its affordability and economic opportunity.
In terms of infrastructure, it ranks high in the energy and transportation sector. It also has a stable economic growth and plenty of employment opportunities.
How to Start an LLC in AZ - Learn more