Iowa's
roots may be in agriculture, but the economy has evolved and
diversified over the past 100 years. Iowa companies are leaders
in information technology, life sciences, insurance/financial
services and manufacturing.
Information
Technology:
The Atanasoff-Berry Computer was the world's first electronic
digital computer. It was built by John Vincent Atanasoff and
Clifford Berry at Iowa State University during 1937-42. This
information technology tradition is continued at more than
1300 Iowa companies. Pick a company in any number of technology
areas-computers, engineering, education, research, finance,
manufacturing, insurance, agribusiness, customer service,
printing-and you will find new products and applications being
developed.
Life
Sciences:
No longer is agricultural research focused exclusively on
the production of hybrid grain varieties. Today's research
is leading to improved industrial products, better food supply,
improved medicines and a cleaner environment. Iowa's universities
and development centers have made more than $2 billion in
technology investments in the state.
Insurance/Financial
Services:
Des Moines is one of the largest insurance centers in the
United States. Almost 40,000 Iowans are employed by the insurance
industry and the sector has seen employment growth for over
20 years. Major insurance companies located in Des Moines
include Allied Insurance (a member of Nationwide), Principal
Financial Group, Wellmark Blue Cross & Blue Shield of
Iowa and State Farm Insurance Company.
Manufacturing:
Products manufactured in Iowa are sold around the country
and around the world. In 1999, the manufacturing sector employed
over 260,000 people. During the 1990's, Iowa's manufacturing
exports increased 59%. Products manufactured in Iowa but known
around the country include Pella windows, Maytag and Amana
appliances, and Rockwell Collins avionics equipment.
|