Iowa City, IA: Business Overview

By Anna Beth Blevins on June 28, 2012 at 9:49 pm EST
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Iowa City has been named one of the Best Small Metropolitan Areas in the country by Forbes. With a strong economy and highly educated workforce, doing business in Iowa City is easy.

Economy

The business climate in Iowa City is varied and prosperous. Like any college town, the city’s commerce is based upon the presence of its major university, the University of Iowa. The university is the city’s top employer with more than 20,000 employees, and the health-care services undertaken by the school also greatly affect the local economy.

The city also has a number of national and international businesses. Several corporate headquarters are found in Iowa City, including ACT, Procter & Gamble and Oral B Laboratories/Gillette.

Even though established companies succeed in Iowa City, new businesses are welcome as well. There are a variety of programs through the city that assist with business development, and there is plenty of land and sites for new ventures.

Workforce

Thanks to the university’s presence, the employees in Iowa City are top-notch. Highly educated and motivated, the city’s residents produce low rates of absenteeism and turnover.

Another bonus to being in a college town? The school’s population provides a large number of part-time workers, as well as bringing more professional workers into the workforce after graduation.

 

See our list of top employers in Iowa City.

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