America's Top States For Business

12. Iowa

Category Score 2014 Rank 2013 Rank
Cost of Doing Business334713
Workforce1283740
Quality of Life1832014
Infrastructure & Transportation19225 (Tie)28
Economy245185
Education8422 (Tie)15
Technology & Innovation1302930
Business Friendliness15699
Cost of Living3912 (Tie)16
Access to Capital149 (Tie)31
Overall14921211

Economic Profile

Governor: Terry Branstad, Republican

Population: 3,090,416

GDP growth: 2.9 percent

Unemployment rate (May 2014): 4.3 percent

Top corporate tax rate: 12 percent

Top individual income tax rate: 8.98 percent

Gasoline tax: 40 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Hy-Vee Food Stores

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Iowa FY 2013 CAFR

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.