• Iowa dramatically outspends Minnesota to lure companies

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    October 05, 2017

    Apple CEO Tim Cook told Iowa officials “we admire what you guys have accomplished” in creating an environment to attract job-creating companies like Apple and Amazon to the state.

    In glowing terms, Apple CEO Tim Cook described how Iowa persuaded the tech giant to build a $1.4 billion complex in a Des Moines suburb that will create 550 jobs and “build a new home for innovation in America’s heartland.” The deal came with $213 million in state and local incentives.

    “At Apple, we admire what you guys have accomplished,” Cook said as the Iowa flag waved in the background. “And we want to be part of it.”

    What Iowa has accomplished is a string of victories in the competitive world of economic development that has easily outpaced Minnesota’s performance. In recent years, the Hawkeye State has landed big corporate names such as Facebook, Google, Microsoft and IBM, which are spending billions of dollars for new facilities and creating thousands of jobs in a state still known mostly for corn.