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Iowa Ranked 25th in Business Competitiveness

CEDAR RAPIDS, Iowa (CBS 2/Fox 28) -- An economic competitiveness index ranks Iowa 25th in the nation for business competitiveness.

The ranking was based off several factors.  Corporate taxes played a large role in the ranking.

Iowa was ranked low for its high corporate tax rates.  However, it received a very favorable ranking for its status as a right-to-work state and for having a low minimum wage.

Utah was ranked as the most competitiveness state, while New York was ranked as the least.
 
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