Business

Iowa gets an A for manufacturing

But it receives an F for its tax climate in Ball State report

Job seekers register during a career fair at Kinze Manufacturing in Williamsburg, Iowa, on Saturday, Feb. 10, 2018. In addition to an increase in agricultural machinery sales, the planter and grain cart manufacturer is hiring 100 new production employees to build the new four high-speed disc tillage piece of equipment called the Mach Till 201, 261, 331 and 401. The first and second shift workers will include assemblers, welders, robot welders, CNC, machine operators, painters and fork truck drivers. (Jim Slosiarek/The Gazette)
Job seekers register during a career fair at Kinze Manufacturing in Williamsburg, Iowa, on Saturday, Feb. 10, 2018. In addition to an increase in agricultural machinery sales, the planter and grain cart manufacturer is hiring 100 new production employees to build the new four high-speed disc tillage piece of equipment called the Mach Till 201, 261, 331 and 401. The first and second shift workers will include assemblers, welders, robot welders, CNC, machine operators, painters and fork truck drivers. (Jim Slosiarek/The Gazette)

The state of Iowa deserves an A for manufacturing and human capital, according to a report released Friday, but an F for its tax climate.

The 2018 Manufacturing and Logistics Report Card, released by the Ball State Center for Business and Economic Research and Conexus Indiana, also gave Iowa a B+ in logistics, a B for its “expected fiscal liability gap” — anticipated funding stream issues for its bonds and pension obligations — and a C in global positioning and diversification.

Its grade for productivity and innovation dropped from a B- to a C-, and from a C to a C- in benefits costs.

Iowa was one of only five states awarded an A in manufacturing.

For the tax climate ranking, the report took into account business and individual income taxes, sales, unemployment, and insurance and property taxes, the report’s website explained. Its data is cited from the Tax Foundation and U.S. Internal Revenue Service.

Only four other states received an F for their tax climates.

The Ball State Center for Business and Economic Research is based in Indianapolis.

For comparion, the report did not give its home state, Indiana, below a C in any of the categories.

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