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Do not fill this in! ==Economy== {{See also|Iowa locations by per capita income}} [[File:Iowa products 2009.jpg|thumb|upright=1.4|Iowa [[gross state product]]s by industry, 2009<ref>{{Cite web |date=2009 |title=Iowa gross state products by industry – calendar year 2009 ($110.4 billion) |url=https://www.legis.iowa.gov/docs/publications/FCTA/1216435.pdf |url-status=live |archive-url=https://web.archive.org/web/20210719103259/https://www.legis.iowa.gov/docs/publications/FCTA/1216435.pdf |archive-date=July 19, 2021 |access-date=April 8, 2022 |website=[[Iowa General Assembly]]}}</ref>]] * In 2016,<ref>{{cite web |title=QuickFacts: Iowa |url=https://www.census.gov/quickfacts/IA |website=Census.gov |publisher=U.S. Census Bureau |access-date=January 1, 2020 |archive-date=November 10, 2019 |archive-url=https://web.archive.org/web/20191110053724/https://www.census.gov/quickfacts/IA |url-status=live }}</ref> the total employment of the state's population was 1,354,487, and the total number of employer establishments was 81,563. CNBC's list of "Top States for Business in 2010" has recognized Iowa as the sixth best state in the nation. Scored in 10 individual categories, Iowa was ranked first when it came to the "Cost of Doing Business"; this includes all taxes, utility costs, and other costs associated with doing business. Iowa was also ranked 10th in "Economy", 12th in "Business Friendliness", 16th in "Education", 17th in both "Cost of Living" and "Quality of Life", 20th in "Workforce", 29th in "Technology and Innovation", 32nd in "Transportation" and the lowest ranking was 36th in "Access to Capital".<ref>{{cite web|url=https://www.cnbc.com/id/37516043 |title=America's Top States for Business in 2010 |publisher=[[CNBC]] |access-date=May 9, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20111226183123/http://www.cnbc.com/id/37516043 |archive-date=December 26, 2011 }}</ref> While Iowa is often viewed as a farming state, agriculture is a relatively small portion of the state's diversified economy, with manufacturing, biotechnology, finance and insurance services, and government services contributing substantially to Iowa's economy.<ref name="iowalifechanging.com"/> This economic diversity has helped Iowa weather the [[Late-2000s recession|late 2000s recession]] better than most states, with unemployment substantially lower than the rest of the nation.<ref>Iowa's initial jobless claims grow. ''Des Moines Register'' April 2, 2009, [http://www.desmoinesregister.com/article/20090402/BUSINESS/90402018/-1/NEWS04 Desmoinesregister.com]{{Dead link|date=May 2014}}</ref><ref>City has lowest unemployment in nation, ''Iowa City Press-Citizen'' May 5., 2009, [http://www.press-citizen.com/article/20090604/NEWS01/906040336/1079/news01 Press-citizen.com]{{Dead link|date=May 2014}}</ref> If the economy is measured by gross domestic product, in 2005 Iowa's GDP was about $124 billion.<ref>Iowa State University. [http://www.recap.iastate.edu/atlas/industries/gdp-by-state-industry.php Gross domestic product by sector and state]. Regional Capacity Analysis Program. Retrieved on: April 26, 2008. {{webarchive |url=https://web.archive.org/web/20081009025120/http://www.recap.iastate.edu/atlas/industries/gdp-by-state-industry.php |date=October 9, 2008 }}</ref> If measured by gross state product, for 2005 it was $113.5 billion.<ref name="Facts">{{cite web |url=http://www.statelibraryofiowa.org/datacenter/quickfacts |title=Iowa Quick Facts—State Data Center |publisher=Statelibraryofiowa.org |date=June 28, 2010 |access-date=July 31, 2010 |archive-date=November 4, 2010 |archive-url=https://web.archive.org/web/20101104011507/http://www.statelibraryofiowa.org/datacenter/quickfacts |url-status=live }}</ref> Its per capita income for 2006 was $23,340.<ref name="Facts"/> On July 2, 2009, [[Standard & Poor's]] rated the state of Iowa's credit as AAA (the highest of its credit ratings, held by only 11 U.S. state governments).<ref>Iowa officials tout credit rating, argue it shows state's finances are strong, ''Associated Press'' July 3, 2009, [http://www.timesrepublican.com/page/content.detail/id/84311.html?isap=1&nav=5013 Timesrepublican.com] {{webarchive |url=https://web.archive.org/web/20100907071322/http://www.timesrepublican.com/page/content.detail/id/84311.html?isap=1&nav=5013 |date=September 7, 2010 }}</ref> As of September 2021, the state's unemployment rate is 4.0%.<ref>{{Cite web|date=22 October 2021|title=Iowa's Unemployment Rate Falls To 4.0 Percent In September|url=https://www.iowaworkforcedevelopment.gov/iowas-unemployment-rate-falls-40-percent-september|url-status=live|access-date=November 8, 2021|archive-date=November 8, 2021|archive-url=https://web.archive.org/web/20211108211151/https://www.iowaworkforcedevelopment.gov/iowas-unemployment-rate-falls-40-percent-september}}</ref> ===Manufacturing=== [[Manufacturing]] is the largest sector of Iowa's economy, with $20.8 billion (21%) of Iowa's 2003 gross state product. Major manufacturing sectors include [[food processing]], heavy machinery, and [[agrochemical|agricultural chemicals]]. Sixteen percent of Iowa's workforce is dedicated to manufacturing.<ref name="iowalifechanging.com"/> Food processing is the largest component of manufacturing. Besides processed food, industrial outputs include machinery, electric equipment, chemical products, publishing, and primary metals. Companies with direct or indirect processing facilities in Iowa include [[ConAgra Foods]], [[Wells Dairy|Wells Blue Bunny]], [[Barilla Group|Barilla]], [[H. J. Heinz Company|Heinz]], Tone's Spices, [[General Mills]], and [[Quaker Oats]]. Meatpacker [[Tyson Foods]] has 11 locations, second only to its headquarter state Arkansas.<ref>{{cite web|url=http://www.tysonfoods.com/Our-Story/Locations.aspx|publisher=Tysonfoods.com|title=Our story-locations|access-date=July 16, 2014|archive-date=July 4, 2014|archive-url=https://web.archive.org/web/20140704071233/http://www.tysonfoods.com/Our-Story/Locations.aspx|url-status=live}}</ref> Major non-food manufacturing firms with production facilities in Iowa include [[3M]],<ref>{{Cite web|url=https://www.3m.com/3M/en_US/plant-locations-us/|title=3M Plant Locations – United States|website=3m.com|access-date=April 20, 2020|archive-date=April 18, 2020|archive-url=https://web.archive.org/web/20200418103307/https://www.3m.com/3M/en_US/plant-locations-us/|url-status=live}}</ref> [[Arconic]],<ref>{{Cite web|url=https://qctimes.com/business/alcoa-davenport-works-to-become-arconic/article_3b7a9d95-ee4e-517a-a7a6-40ed8465df72.html|title=Alcoa Davenport Works to become Arconic|last=DeWitt|first=Jennifer|website=The Quad-City Times|date=March 15, 2016 |access-date=April 20, 2020|archive-date=June 11, 2020|archive-url=https://web.archive.org/web/20200611144439/https://qctimes.com/business/alcoa-davenport-works-to-become-arconic/article_3b7a9d95-ee4e-517a-a7a6-40ed8465df72.html|url-status=live}}</ref> [[Amana Corporation]],<ref>{{Cite web|url=https://www.thegazette.com/subject/news/business/whirlpool-amana-plant-remaining-closed-after-more-positive-coronavirus-tests-20200330|title=Whirlpool Amana plant remaining closed after more positive coronavirus tests|last=Friestad|first=Thomas|website=The Gazette|access-date=April 20, 2020|archive-date=April 2, 2020|archive-url=https://web.archive.org/web/20200402063755/https://www.thegazette.com/subject/news/business/whirlpool-amana-plant-remaining-closed-after-more-positive-coronavirus-tests-20200330|url-status=live}}</ref> [[Emerson Process Management|Emerson Electric]],<ref>{{Cite web|url=https://www.emerson.com/en-us/automation/fisher|title=Fisher {{!}} Emerson US|website=Emerson.com|access-date=April 20, 2020|archive-date=April 5, 2020|archive-url=https://web.archive.org/web/20200405084251/https://www.emerson.com/en-us/automation/fisher|url-status=live}}</ref> [[The HON Company]],<ref>{{Cite web|url=https://www.hon.com/why-hon/hon-showrooms/muscatine-hon-headquarters|title=Muscatine – HON Headquarters|date=October 11, 2016|website=HON Office Furniture|access-date=April 20, 2020|archive-date=June 11, 2020|archive-url=https://web.archive.org/web/20200611131809/https://www.hon.com/why-hon/hon-showrooms/muscatine-hon-headquarters|url-status=live}}</ref> [[SSAB]],<ref>{{Cite web|url=https://www.ssab.com/company/about-ssab/our-business/ssab-americas|title=SSAB Americas|website=SSAB|access-date=April 20, 2020|archive-date=May 13, 2020|archive-url=https://web.archive.org/web/20200513190246/https://www.ssab.com/company/about-ssab/our-business/ssab-americas|url-status=live}}</ref> [[John Deere]],<ref>{{Cite web|url=https://www.deere.com/en/connect-with-john-deere/visit-john-deere/factory-tours/|title=John Deere Factory Tours {{!}} John Deere US|website=Deere.com|access-date=April 20, 2020|archive-date=April 17, 2020|archive-url=https://web.archive.org/web/20200417015859/https://www.deere.com/en/connect-with-john-deere/visit-john-deere/factory-tours/|url-status=live}}</ref> [[Lennox International|Lennox Manufacturing]],<ref>{{Cite web|url=https://www.lennox.com/about|title=ABOUT LENNOX|website=Lennox|access-date=April 20, 2020|archive-date=March 31, 2020|archive-url=https://web.archive.org/web/20200331070804/https://www.lennox.com/about|url-status=live}}</ref> [[Pella (company)|Pella Corporation]],<ref>{{Cite web|url=https://whotv.com/news/iowa-icon-pete-kuypers-idea-changed-the-future-of-his-hometown/|title=IOWA ICON: Pete Kuyper's idea changed the future of his hometown.|date=February 15, 2012|website=whotv.com|access-date=April 20, 2020}}</ref> [[Procter & Gamble]],<ref>{{Cite web|url=https://news.pg.com/image/facility/pg-iowa-city-plant|title=P&G Iowa City Plant {{!}} P&G News {{!}} Events, Multimedia, Public Relations|website=news.pg.com|access-date=April 20, 2020|archive-date=May 20, 2020|archive-url=https://web.archive.org/web/20200520210545/https://news.pg.com/image/facility/pg-iowa-city-plant|url-status=live}}</ref> [[Vermeer Company]],<ref>{{Cite web|url=https://www.vermeer.com/na/about-us/our-locations?hl=en-US|title=Our Locations|website=Vermeer.com|access-date=April 20, 2020|archive-date=June 11, 2020|archive-url=https://web.archive.org/web/20200611094758/https://www.vermeer.com/na/about-us/our-locations?hl=en-US|url-status=live}}</ref> and [[Winnebago Industries]].<ref>{{Cite web|url=https://globegazette.com/news/local/winnebago-will-open-new-plant-outside-of-forest-city/article_a859554d-5cf4-5d06-a9b8-2eaf9538839c.html|title=Winnebago will open new plant outside of Forest City|last=Gazette|first=RAE YOST For The Globe|website=Globe Gazette {{!}} Mason City, Iowa {{!}} globegazette.com|date=March 26, 2015 |access-date=April 20, 2020|archive-date=June 11, 2020|archive-url=https://web.archive.org/web/20200611144537/https://globegazette.com/news/local/winnebago-will-open-new-plant-outside-of-forest-city/article_a859554d-5cf4-5d06-a9b8-2eaf9538839c.html|url-status=live}}</ref> ===Agriculture=== [[File:Iowa harvest 2009.jpg|thumb|Harvesting [[maize|corn]] in [[Jones County, Iowa|Jones County]]]] [[File:Survivor, Northwest Iowa 7-13 (22550505788).jpg|left|thumb|Farm in rural Northwest Iowa]] [[File:maytag.jpg|thumb|left|Central Iowa cornfield and dairy in June]] Industrial-scale, commodity agriculture predominates in much of the state. Iowa's main conventional agricultural commodities are [[pig|hogs]], with about 22.6 million hogs in 8,000 facilities large enough to require manure management plans in March 2018, outnumbering Iowans by more than 7 to 1,<ref name =Jordan>{{Cite news |last=Erin Jordan |date=May 6, 2018 |title=Large-scale pork production may push farther into Eastern Iowa |url=https://www.thegazette.com/business/large-scale-pork-production-may-push-farther-into-eastern-iowa/ |access-date=2024-03-01 |work=The Gazette |language=en-US}}</ref> [[maize|corn]], [[soybean]]s, [[oat]]s, cattle, eggs, and dairy products. Iowa is the nation's largest producer of [[ethanol]] and [[maize|corn]] and some years is the largest grower of soybeans. In 2008, the 92,600 farms in Iowa produced 19% of the nation's corn, 17% of the soybeans, 30% of the hogs, and 14% of the eggs.<ref>{{cite web|url=http://www.ers.usda.gov/data-products/state-fact-sheets/state-data.aspx?StateFIPS=19&StateName=Iowa#.U8Q5wbEXtQs|title=Iowa State Fact Sheets|author=USDA|access-date=February 21, 2015|archive-date=February 22, 2015|archive-url=https://web.archive.org/web/20150222014931/http://www.ers.usda.gov/data-products/state-fact-sheets/state-data.aspx?StateFIPS=19&StateName=Iowa#.U8Q5wbEXtQs|url-status=live}}</ref> {{As of|2009}} major Iowa agricultural product processors included [[Archer Daniels Midland]], [[Cargill, Inc.]], Diamond V Mills, and [[Quaker Oats]].<ref name="gazette grain">{{cite news|url=http://gazetteonline.com/top-story/2009/11/28/impact-of-grain-processing-industry-runs-deep-but-people-don%e2%80%99t-see-it |archive-url=https://archive.today/20121209003425/http://gazetteonline.com/top-story/2009/11/28/impact-of-grain-processing-industry-runs-deep-but-people-don%E2%80%99t-see-it |url-status=dead |archive-date=December 9, 2012 |title=Impact of grain-processing industry runs deep, but people don't see it |last=Ford |first=George |date=November 28, 2009 |work=Cedar Rapids Gazette |pages=1A |access-date=November 29, 2009 }}</ref> During the 21 st century Iowa has seen growth in the [[organic farming]] sector. Iowa ranks fifth in the nation in total number of organic farms. In 2016, there were about 732 organic farms in the state, an increase of about 5% from the previous year, and 103,136 organic acres, an increase of 9,429 from the previous year.<ref>{{cite news|url=https://www.desmoinesregister.com/story/money/agriculture/2017/11/03/looking-greater-profits-more-iowa-farmers-move-organic-corn-soybeans/821234001/|title=Looking for greater profits, more Iowa farmers move to organic corn, soybeans|author=Eller, Donnelle|date=November 3, 2017|newspaper=The Des Moines Register|access-date=January 21, 2019}}</ref><ref>{{cite news|url=https://www.iowaorganic.org/|title=Iowa Organic Association|access-date=April 16, 2019|archive-date=April 16, 2019|archive-url=https://web.archive.org/web/20190416151849/https://www.iowaorganic.org/|url-status=live}}</ref> Iowa has also seen an increase in demand for local, sustainably-grown food. Northeast Iowa, part of the [[Driftless Area]], has led the state in development of its regional [[food system]] and grows and consumes more local food than any other region in Iowa.<ref>{{citation|url=https://northeastiowarcd.org/wp-content/uploads/LF-Expansion-Plan_FINALWEB_Version.pdf|title=Northeast Iowa Local Foods Expansion Plan|publisher=Northeast Iowa Resource Conservation and Development|access-date=January 21, 2019|archive-date=January 21, 2019|archive-url=https://web.archive.org/web/20190121232925/https://northeastiowarcd.org/wp-content/uploads/LF-Expansion-Plan_FINALWEB_Version.pdf|url-status=live}}</ref><ref>{{citation|url=https://northeastiowarcd.org/category/grow-the-local-food-system/|title=Grow The Local Food System|publisher=Northeast Iowa Resource Conservation and Development|access-date=January 21, 2019|archive-date=January 22, 2019|archive-url=https://web.archive.org/web/20190122044054/https://northeastiowarcd.org/category/grow-the-local-food-system/|url-status=live}}</ref> Iowa's Driftless Region is also home to the nationally recognized [[Seed Savers Exchange]], a non-profit [[seed bank]] housed at an 890-acre heritage farm near [[Decorah, Iowa|Decorah]], in the northeast corner of the state.<ref>{{citation|url=https://www.nationalgeographic.org/news/saving-seeds/|title=Saving Seeds|date=September 27, 2011|publisher=National Geographic|access-date=April 16, 2019|archive-date=April 16, 2019|archive-url=https://web.archive.org/web/20190416174041/https://www.nationalgeographic.org/news/saving-seeds/|url-status=live}}</ref><ref>{{citation|url=https://www.growingagreenerworld.com/episode202/|title=Episode 202: Best of Season One—Inspiring PLACES|date=July 9, 2011|publisher=Growing a Greener World|access-date=April 16, 2019|archive-date=April 16, 2019|archive-url=https://web.archive.org/web/20190416174039/https://www.growingagreenerworld.com/episode202/|url-status=live}}</ref> The largest nongovernmental seed bank of its kind in the United States, Seed Savers Exchange safeguards more than 20,000 varieties of rare, heirloom seeds.<ref>{{citation|url=https://www.seedsavers.org/mission|title=About Us: Today|publisher=Seed Saver Exchange|access-date=April 16, 2019|archive-date=April 16, 2019|archive-url=https://web.archive.org/web/20190416174042/https://www.seedsavers.org/mission|url-status=live}}</ref> [[File:Wall Mural, Mt Ayr, IA Post Office, 1998.jpg|thumb|Mural in [[Mount Ayr, Iowa|Mt. Ayr]] Post Office, "The Corn Parade" by Orr C. Fischer, commissioned as part of the [[New Deal]]<ref name="CornParade">{{cite web|title=The Corn Parade|date=1941|author=Orr C. Fischer|url=http://historymatters.gmu.edu/d/6702|access-date=July 3, 2010|archive-date=June 10, 2010|archive-url=https://web.archive.org/web/20100610130945/http://historymatters.gmu.edu/d/6702/|url-status=live}}</ref>]] As of 2007, the direct production and sale of conventional agricultural commodities contributed only about 3.5% of Iowa's gross state product.<ref>2007 ''Iowa Factbook'' p. 59, Des Moines:Iowa Legislative Services Agency.</ref> In 2002 the impact of the indirect role of agriculture in Iowa's economy, including agriculture-affiliated business, was calculated at 16.4% in terms of value added and 24.3% in terms of total output. This was lower than the economic impact of non-farm manufacturing, which accounted for 22.4% of total value added and 26.5% of total output.<ref>{{cite news|url=https://ideas.repec.org/p/isu/genres/10180.html|title=Multiple Measures of the Role of Agriculture in Iowa's Economy|author1=Swenson, David A|author2=Eathington, Liesl|date=December 1, 2002|publisher=Iowa State University, Department of Economics|agency=Staff General Research Papers, number 10180|access-date=July 26, 2014|archive-date=July 15, 2014|archive-url=https://web.archive.org/web/20140715030735/http://ideas.repec.org/p/isu/genres/10180.html|url-status=live}}</ref> ===Health insurance=== As of 2014, there were 16 organizations offering [[health insurance]] products in Iowa, per the State of Iowa Insurance Division.<ref name=iid>{{cite web|author1=Iowa Insurance Division|title=Find an Insurance Company|url=http://www.iid.state.ia.us/company/search/form|publisher=State of Iowa|access-date=December 21, 2014|date=n.d.|url-status=dead|archive-url=https://web.archive.org/web/20141221114644/http://www.iid.state.ia.us/company/search/form|archive-date=December 21, 2014}}</ref> Iowa was fourth out of ten states with the biggest drop in competition levels of health insurance between 2010 and 2011, per the 2013 annual report on the level of competition in the health insurance industry by the [[American Medical Association]]<ref name=comp2013>{{cite book|author1=AMA|title=Competition in Health Insurance: A Comprehensive Study of U.S. Markets, 2013 update|date=2013|publisher=AMA|isbn=978-1-60359-944-3}}</ref> using 2011 data from HealthLeaders-Interstudy, the most comprehensive source of data on enrollment in [[health maintenance organization]] (HMO), [[preferred provider organization]] (PPO), [[point-of-service]] (POS) and [[consumer-driven health care]] plans.<ref>{{cite web|title=AMA Analysis Lists States Where One Private Health Insurer Rules|url=http://www.ama-assn.org/ama/pub/news/news/2013/2013-11-07-study-anticompetitive-market-conditions.page|publisher=AMA.org|access-date=June 24, 2014|format=press release|date=November 7, 2013|archive-date=June 28, 2014|archive-url=https://web.archive.org/web/20140628102727/http://www.ama-assn.org/ama/pub/news/news/2013/2013-11-07-study-anticompetitive-market-conditions.page|url-status=live}}</ref> According to the AMA annual report from 2007 [[Wellmark Blue Cross Blue Shield]] had provided 71% of the state's health insurance.<ref>Competition in Health Insurance: 2007 update, [https://catalog.ama-assn.org/Catalog/product/product_detail.jsp?productId=prod1350008 Ama-assn.org] {{webarchive |url=https://web.archive.org/web/20110725140104/https://catalog.ama-assn.org/Catalog/product/product_detail.jsp?productId=prod1350008 |date=July 25, 2011 }}</ref> The Iowa Insurance Division "Annual report to the Iowa Governor and the Iowa Legislature" from November 2014 looked at the 95% of health insurers by premium, which are 10 companies. It found Wellmark Inc. to dominate the three health insurance markets it examined (individual, small group and large group) at 52–67%.<ref name=iidreport>{{cite web|author1=Iowa Insurance Division|url=http://www.iid.state.ia.us|title=Annual report to the Iowa Governor and the Iowa Legislature|publisher=State of Iowa|access-date=December 21, 2014|date=November 2014|archive-date=December 21, 2014|archive-url=https://web.archive.org/web/20141221114656/http://www.iid.state.ia.us/|url-status=live}}</ref>{{rp|2}} Wellmark HealthPlan of Iowa and Wellmark Inc had the highest risk-based capital percentages of all 10 providers at 1158% and 1132%, respectively.<ref name=iidreport/>{{rp|31}} Rising RBC is an indication of profits.<ref name=iidreport/>{{rp|31}} ===Other sectors=== [[File:Ethanol butler co iowa.jpg|thumb|left|Ethanol plant under construction in [[Butler County, Iowa|Butler County]]]] [[File:Turbines iowa.jpg|thumb|Wind turbines near [[Williams, Iowa|Williams]]]] Iowa has a strong financial and insurance sector, with approximately 6,100 firms,<ref name="iowalifechanging.com"/> including [[Aegon N.V.|AEGON]], [[Nationwide Mutual Insurance Company|Nationwide Group]], [[Aviva|Aviva USA]], [[Nationwide Mutual Insurance Company|Farm Bureau Financial Services]], [[GreatAmerica Financial Services]], [[Voya Financial]], [[Marsh & McLennan Companies|Marsh Affinity Group]], [[MetLife]], [[Principal Financial Group]], [[Principal Capital Management]], [[Wells Fargo]], and Greenstate Credit Union (formerly University of Iowa Community Credit Union). Iowa is host to at least two business incubators, [[Iowa State University Research Park]] and the [[BioVentures Center]] at the [[University of Iowa]].<ref name=philipiddis2014>{{Cite news|url=http://www.genengnews.com/gen-articles/incubators-blossom-along-with-their-startups/5245/|title=Incubators Blossom along with Their Startups|last=Philipiddis|first=Alex|date=June 15, 2014|work=[[Gen. Eng. Biotechnol. News|Genetic Engineering & Biotechnology News]]|issue=12|volume=34|pages=7–8|access-date=July 17, 2016|archive-date=November 1, 2016|archive-url=https://web.archive.org/web/20161101163848/http://www.genengnews.com/gen-articles/incubators-blossom-along-with-their-startups/5245|url-status=live}}</ref> The Research Park hosts about 50 companies, among them [[NewLink Genetics]], which develops [[Cancer immunotherapy|cancer immunotherapeutics]], and the U.S. [[animal health]] division of [[Boehringer Ingelheim]], Vetmedica.<ref name=philipiddis2014/> [[Ethanol fuel|Ethanol]] production consumes about a third of Iowa's corn production, and renewable fuels account for eight percent of the state's gross domestic product. A total of 39 ethanol plants produced {{convert|3.1|e9USgal|m3}} of fuel in 2009.<ref name="ethanol1">{{cite web|url=http://gazetteonline.com/opinion/letters-to-the-editor/2010/02/26/ethanol-mandate-wouldn%e2%80%99t-help-prices |archive-url=https://archive.today/20121208135435/http://gazetteonline.com/opinion/letters-to-the-editor/2010/02/26/ethanol-mandate-wouldn%E2%80%99t-help-prices |url-status=dead |archive-date=December 8, 2012 |title=Ethanol mandate wouldn't help prices |date=February 26, 2010 |publisher=Cedar Rapids Gazette |access-date=April 4, 2010 }}</ref> {{anchor|Renewable energy}} Renewable energy has become a major economic force in northern and western Iowa, with [[wind turbine]] electrical generation increasing exponentially since 1990.<ref name="energy.iastate.edu"/> In 2019, [[wind power in Iowa]] accounted for 42% of electrical energy produced, and 10,201 megawatts of generating capacity had been installed at the end of the year.<ref name="eia_epm0217">{{cite web|title=Electric Power Monthly|url=http://www.eia.gov/electricity/monthly/|publisher=U.S. Department of Energy, Energy Information Administration|access-date=June 2, 2020|archive-date=February 6, 2018|archive-url=https://web.archive.org/web/20180206223444/http://www.eia.gov/electricity/monthly/|url-status=live}}</ref> Iowa ranked first of U.S. states in percentage of total power generated by wind and second in wind generating capacity behind Texas.<ref name="eia_epm0217" /> Major producers of turbines and components in Iowa include [[Acciona Energy]] of [[West Branch, Iowa|West Branch]], TPI Composites of [[Newton, Iowa|Newton]], and [[Siemens]] Energy of [[Fort Madison]]. In 2016, Iowa was the headquarters for three of the top 2,000 companies for revenue.<ref>{{cite magazine|url=https://www.forbes.com/global2000/list/#state:Iowa|title=The World's Biggest Public Companies|magazine=Forbes|access-date=October 5, 2016|archive-date=October 2, 2019|archive-url=https://web.archive.org/web/20191002223833/https://www.forbes.com/global2000/list/#state:Iowa|url-status=live}}</ref> They include [[Principal Financial]], [[Rockwell Collins]], and [[American Equity Investment]].<ref>{{cite magazine|url=https://www.forbes.com/companies/principal-financial-group/|magazine=Forbes.com|title=The World's Biggest Public Companies #380|access-date=October 5, 2016|archive-date=September 28, 2016|archive-url=https://web.archive.org/web/20160928002118/http://www.forbes.com/companies/principal-financial-group/|url-status=live}}</ref><ref>{{cite magazine|url=https://www.forbes.com/companies/rockwell-collins/|magazine=Forbes.com|title=The World's Biggest Public Companies #380|access-date=October 5, 2016|archive-date=October 7, 2016|archive-url=https://web.archive.org/web/20161007093752/http://www.forbes.com/companies/rockwell-collins/|url-status=live}}</ref><ref>{{cite magazine|url=https://www.forbes.com/companies/american-equity-investment/|magazine=Forbes.com|title=The World's Biggest Public Companies #380|access-date=October 5, 2016|archive-date=November 13, 2016|archive-url=https://web.archive.org/web/20161113124811/http://www.forbes.com/companies/american-equity-investment/|url-status=live}}</ref> Iowa is also headquarters to other companies including [[Hy-Vee]], [[Pella (company)|Pella Corporation]], [[Workiva]], [[Vermeer Company]], [[Kum & Go]] gas stations, [[Von Maur]], [[Pioneer Hi-Bred]], and [[Fareway]].<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=800051|publisher=Bloomberg.com|title=Company Overview of Hy-Vee, Inc|access-date=October 5, 2016|archive-date=October 6, 2016|archive-url=https://web.archive.org/web/20161006053902/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=800051|url-status=live}}</ref><ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=767676|publisher=Bloomberg.com|title=Company Overview of Pella Corporation|access-date=October 5, 2016|archive-date=October 6, 2016|archive-url=https://web.archive.org/web/20161006144437/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=767676|url-status=live}}</ref><ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=759605|publisher=Bloomberg.com|title=Company Overview of Vermeer Corporation|access-date=October 5, 2016|archive-date=August 26, 2016|archive-url=https://web.archive.org/web/20160826185950/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=759605|url-status=live}}</ref><ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=10360362|publisher=Bloomberg.com|title=Company Overview of Kum & Go, L.C|access-date=October 5, 2016|archive-date=October 6, 2016|archive-url=https://web.archive.org/web/20161006050415/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=10360362|url-status=live}}</ref><ref>{{citation|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4241012|publisher=Bloomberg.com|title=Company Overview of Von Maur, Inc|access-date=October 5, 2016|archive-date=October 6, 2016|archive-url=https://web.archive.org/web/20161006054420/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4241012|url-status=live}}</ref><ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=297114|publisher=Bloomberg.com|title=Company Overview of Pioneer Hi-Bred International, Inc|access-date=October 5, 2016|archive-date=October 6, 2016|archive-url=https://web.archive.org/web/20161006143134/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=297114|url-status=live}}</ref><ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4204432|publisher=Bloomberg.com|title=Company Overview of Fareway Stores, Inc|access-date=October 5, 2016|archive-date=October 6, 2016|archive-url=https://web.archive.org/web/20161006051926/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4204432|url-status=live}}</ref> [[Gambling in Iowa|Gambling in the state]] is a major section of the Iowa tourism industry.<ref name=":1">{{Cite web |date=2021-06-14 |title=The State of Gambling in Iowa and How It Is Influencing the Economy |url=https://dailyiowan.com/2021/06/14/the-state-of-gambling-in-iowa-and-how-it-is-influencing-the-economy/ |access-date=2023-10-03 |website=The Daily Iowan}}</ref> ===Taxation=== Tax is collected by the [[Iowa Department of Revenue]].<ref>{{Cite web|url=https://tax.iowa.gov/|title=State of Iowa Taxes {{!}} Iowa Department of Revenue|website=tax.iowa.gov|access-date=April 6, 2020|archive-date=December 27, 2019|archive-url=https://web.archive.org/web/20191227203818/https://tax.iowa.gov/|url-status=live}}</ref> Iowa imposes taxes on net state income of individuals, estates, and trusts. There are nine [[income tax]] brackets, ranging from 0.36% to 8.98%, as well as four corporate income tax brackets ranging from 6%{{nbsp}}to 12%, giving Iowa the country's highest marginal corporate tax rate.<ref>{{cite web|url=https://taxfoundation.org/state-corporate-income-tax-rates-and-brackets-2016/|title=State Corporate Income Tax Rates and Brackets for 2016—Tax Foundation|date=February 1, 2016|access-date=February 24, 2017|archive-date=February 16, 2017|archive-url=https://web.archive.org/web/20170216040947/https://taxfoundation.org/state-corporate-income-tax-rates-and-brackets-2016|url-status=live}}</ref> The state [[sales tax]] rate is 6%, with non-prepared food having no tax.<ref>Iowa Department of Revenue, Iowa Tax / Fee Descriptions and Rates, [http://www.iowa.gov/tax/taxlaw/taxtypes.html#sales Iowa.gov] {{Webarchive|url=https://web.archive.org/web/20090506082844/http://www.iowa.gov/tax/taxlaw/taxtypes.html#sales |date=May 6, 2009 }}</ref> Iowa has one local option sales tax that may be imposed by counties after an election.<ref>Iowa Department of Revenue, Iowa Local Option Tax Information, [http://www.iowa.gov/tax/educate/localoption.html Ioawa.gov] {{Webarchive|url=https://web.archive.org/web/20090425054850/http://www.iowa.gov/tax/educate/localoption.html |date=April 25, 2009 }}</ref> Property tax is levied on the taxable value of real property. Iowa has more than 2,000 taxing authorities. Most property is taxed by more than one taxing authority. The tax rate differs in each locality and is a composite of county, city or rural township, [[school district]] and special levies. Iowa allows its residents to deduct their [[federal income tax]]es from their state income taxes.<ref>{{cite web|url=http://www.desmoinesregister.com/apps/pbcs.dll/article?AID=2009905300328|title=No tax increases planned for next year, Culver says|last=Beaumont|first=Thomas|website=[[The Des Moines Register]]|date=May 30, 2009|access-date=May 31, 2009}}{{Dead link|date=October 2010|bot=H3llBot}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. 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