Iowa ranks among the top 10 for business friendliness.
Iowa is a "Right to Work"
Iowa has the 2nd lowest cost of doing business
in the United States. Lee County offers predictable savings when it comes to taxes, real estate and utility costs.
Lee County EDG works with industries
, providing connections and resources to assist with expansions and relocations.
Lee County has a diversified industrialized base
, including steel foundries, food processing, wind blade production, and other types of industry. Our most recent addition is a $1.8 billion fertilizer production plant, currently under construction.
Currently 20.4% of the workers in Lee County are employed in manufacturing,
with the median wage $16.09 per hour.
The State of Iowa does not tax machinery and equipment
. Iowa also has a single factor tax formula— which taxes the profits of products that are sold within the state of Iowa. Products sold to other states are not taxed.
The State of Iowa has recently started an effort to enact tax credits on industrial property effectively lowering property taxes. Lee County offers tax abatement programs
for new construction.