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Des Moines’ cluster base of insurance and financial services companies helped pull the state through the pandemic better than many other states. Des Moines was recently featured in the Wall Street Journal as one of three breakout cities on the forefront of “America’s Eco- nomic Recovery.” With strong rail and road access, the city is also doubling down on its distribution strengths with the Des Moines Industrial Transloading Facility. It is on track to be operational by late-2021 and will serve as a place to transfer bulk materials between semi-trailers and trains. Developers say it will help make the region more attractive as a distribution hub with flexibility and reduced shipping costs. BAE Systems, Cargill and Nestlé Purina PetCare have announced projects here in the past year.
High-Quality Jobs: Offers financial assistance to offset the cost incurred to locate, expand or modernize an Iowa facility.
Renewable Chemical Production Tax Credit: Incentivizes the production of high-value chemicals derived from biomass feedstocks.
Research Activities Tax Credit: Offers an additional tax credit for companies that meet the qualifications of the federal research credit for research and developmentinvestments.
New Jobs Training: Provides tax credits for business- es that provide additional training to employees and expand their workforce.
Iowa Economic Development Authority
Des Moines Partnership
Cedar Rapids Metro Economic Alliance
Iowa’s Manufacturing 4.0 initiative began in 2020 after recognizing the need to support manufacturers’ abilities to incorporate the advancing technologies and ensurebusinesses of all sizes continue to remain competitive in the global economy. The strategic plan acts as a blueprint for Iowa’s largest industry sector and led to the creation of assistance programs and networks for collaboration.
Two Fortune 500 companies headquartered in state: