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Forest City Economic Development
145 S. Clark Street
PO Box 306
Forest City, IA 50436
Office: (641) 585-5560

Forest City, Iowa presents a compelling array of additional cost-saving and tax advantages for businesses considering relocation or expansion. As a right-to-work state, Iowa offers a conducive environment for businesses to operate efficiently while ensuring flexibility in labor relations.

Moreover, Iowa stands out as one of the few states in the nation consistently providing a refundable research and development activities tax credit, incentivizing innovation and technological advancement. Additionally, businesses operating in Iowa benefit from various tax incentives, including no corporate income tax on profits generated from sales outside the state, no personal property tax on inventory, and exemptions from sales or use tax on manufacturing machinery, equipment, and computers, as well as on electricity and natural gas used in manufacturing processes.

Furthermore, the state’s flexible job training programs offer tailored training solutions to equip new and existing employees with the necessary skills, enhancing workforce productivity and competitiveness. Coupled with direct financial assistance and tax benefit programs aimed at promoting job creation and supporting new capital investment projects, Forest City, Iowa provides a conducive business environment designed to foster growth, innovation, and prosperity.