Iowa City’s economy is based on thriving commerce, a major university, and a number of national and international businesses, including Fortune 500 companies. Pearson, Oral B Laboratories, Procter & Gamble, the corporate headquarters for ACT, Inc, and scores of smaller industries and businesses operate facilities in Iowa City.
While established firms continue to prosper and expand in Iowa City, opportunities abound for new businesses. The city has land for additional industrial/commercial development. The City of Iowa City also has a variety of programs to assist with business development through the use of special financing districts and economic development funds.
The University of Iowa sits in the heart of Iowa City. The academic and research missions of the University, along with the health care services provided at its hospitals and clinics, have a tremendously positive economic impact on the area.