construction machinery ... construction equipment manufacturing than the rest ...
For site location assistance, contact the Iowa Economic Development Authority ...
construction machinery manufacturing
dominant role in the Iowa economy • Advanced manufacturing is the largest industry • • • •
sector in Iowa, contributing over $27 billion annually to the state’s economy. Advanced manufacturing represents nearly 19 percent of Iowa’s Gross State Product. Approximately 3,900 manufacturers employ over 206,000 Iowans. Iowa has eight times the amount of agricultural and construction equipment manufacturing than the rest of the nation. Iowa’s agricultural and construction equipment manufacturers have over 20,000 employees and have sales over $11.9 billion each year.
supply chain operations in Iowa and surrounding states
companies at work in Iowa Iowa is home base for construction machinery giants CNH Global, Deere & Company and Terex Corp. as well as dominant specialized producers GOMACO Corp., Vermeer Manufacturing, Iowa Mold Tool Co. and others.
wages for manufacturing positions Job Title/Description
Iowa Mean Wage
U.S. Mean Wage
First-Line Supervisors of Production and Operating Workers
$25.69
$27.35
Engine and Other Machine Assemblers
$17.57
$18.86
Structural Metal Fabricators and Fitters
$16.04
$17.63
Computer Numerically Controlled Machine Tool Programmers, Metal and Plastic
$21.65
$23.30
Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal & Plastic $14.20
$14.61
Machinists
$17.43 $19.48
Welders, Cutters, Solderers and Braziers
$16.70
$18.23
Iowa strengths for advanced manufacturing
manufacturing friendly business climate
• Iowa has the fifth lowest cost of doing business in the United States (CNBC, 2012) • Iowa is a right-to-work state with a quality workforce • Geographically located in the heart of the North American market • 6,365 students at Iowa’s 15 community colleges are enrolled in courses relevant to the construction machinery industry • Tradition of inter-firm collaboration, lean manufacturing • 229 machine shops supporting manufacturers
• • • •
No corporate income tax on profits from sales made outside of Iowa No property tax on manufacturing machinery, equipment or computers No sales or use tax on manufacturing machinery, equipment or computers No sales tax on electricity or natural gas for use in
the manufacturing process
learn more Please contact
[email protected] or visit us online at iowaeconomicdevelopment.com to find the latest information on Iowa’s business climate, assistance programs, development news, available buildings and sites and much more. Our services are free of charge and all inquiries will be handled confidentially.
For site location assistance, contact the Iowa Economic Development Authority (IEDA) +1.515.725.3100
[email protected] iowaeconomicdevelopment.com JG 02072013
