When looking to start a business, every entrepreneur must answer this critical question: where? In a world where businesses are more transportable than ever, it can be hard to identify the right business location. Here are five reasons why Iowa is the ideal environment for business!
1. Low Business Cost
Want to start your own business but don’t have a lot of money to do it? CNBC ranks Iowa #2 for lowest cost of business. That makes Iowa the perfect place for startups and established businesses alike! Iowa is also ranked #9 in standard of living, making it the perfect place to live and run your business from. Set yourself up for success by doing business in Iowa.
2. A Wide Variety
Iowa has the advantage of being an expert in a number of industries, some of which might surprise you! In addition to a strong agricultural network, Iowa is also a leading force in the advanced manufacturing world and is strong in the biosciences, insurance, and financial services industries. Each of these has economic incentive programs in place that are designed to promote economic growth and success. Whether you’re looking to start a main street boutique or enter the world of advanced manufacturing, Iowa has the perfect blend of industries to help you achieve success.
3. Economic Growth
Iowa is a hub of economic growth and development. There are numerous projects happening here in the Cedar Valley and beyond that are targeting small business growth and development. In fact, Iowa was ranked eighth for new economic development projects per capita in 2015. There is no better time to start your business than right now, and no greater place than Iowa!
4. Contribute to Something Greater Than Yourself
Being an entrepreneur is not only great for the individual, it’s great for the community. Unlike larger and more urban areas, Iowa is established on a strong sense of family and community. It’s a no-brainer that entrepreneurs are critical to economic development. When you do business in Iowa, you get to see how your success impacts that community in real time. Plus, building connections in Iowa means more than just networking; you can form genuine bonds that can be helpful in both the business and personal world.
5. A Wealth of Resources
In Iowa, there are resources galore, specifically designed to help entrepreneurs succeed. Check out networking and startup events in your community, and visit some of the entrepreneurial centers and incubators statewide! Visit our website for more information on the resources we provide for entrepreneurs! http://bcs.uni.edu/bcs-programs