DeWitt is currently targeting companies from the below industries. Expand each industry for more context.
DeWitt has a strong manufacturing sector that focuses on high-quality production in areas such as metal fabrication, machinery, and equipment. This sector benefits from a skilled workforce and a strategic location that facilitates distribution and logistics.
Agriculture remains a cornerstone of DeWitt's economy, leveraging the area's fertile land to produce corn, soybeans, and other crops. Agribusiness in the region includes food processing, biofuels production, and agricultural technology, contributing significantly to local economic development.
The healthcare and social services sector in DeWitt is a critical component of the local economy, providing essential services to the community. This sector includes hospitals, clinics, and elder care facilities, and is a major employer in the area.
DeWitt Economic Development Team
Angela Rheingans
President & Ceo
Dewitt Chamber & Development Company
Taxes in DeWitt, IA
Sales Tax: The sales tax rate is 7%, equating to $7 per $100.
Corporate Income Tax: The corporate income tax rate ranges from 6% to 12%, corresponding to $6 to $12 per $100.
Property Tax: The property tax rate varies widely, with an average rate of approximately 1.5%, which means $1.50 per $100.
More comprehensive tax data for DeWitt is coming soon!
Featured Profiles
Business and Tax Incentives in DeWitt, IA
DeWitt offers a variety of economic incentives to help businesses at the local, state, and federal level.
Iowa New Jobs Training Program (260E)
The 260E program provides funding for new employee training through certificates sold by community colleges. It is designed to assist businesses that are creating new positions within the state, offering a way to enhance the skills of their workforce at no additional cost.
Iowa Economic Development Authority (IEDA) Tax Incentives
The IEDA offers a range of tax incentives designed to encourage economic growth and job creation within the state. These incentives include tax credits, exemptions, and refunds for qualifying businesses.
High Quality Jobs Program
This program provides qualifying businesses with tax benefits, including tax credits and sales tax refunds, for job creation and expansion projects. It aims to encourage quality job creation and capital investment in Iowa.
Reviews
Let’s see what local businesses have to say about doing business in DeWitt.
FAQs about DeWitt, IA
DeWitt's strategic location with easy access to major highways, its diverse and skilled workforce, competitive median household income, and the supportive ecosystem provided by the DeWitt Chamber & Development Company (DCDC) make it an attractive location for new businesses. Additionally, its quality of life and proximity to larger cities enhance its appeal to both businesses and their employees.
The local government in DeWitt, in collaboration with economic development organizations like the DCDC, supports small businesses through various initiatives. These include providing access to business resources, networking opportunities, and local economic development incentives. Furthermore, businesses can benefit from state-level programs like the High Quality Jobs Program and the Iowa New Jobs Training Program (260E) for job creation and workforce training.
While DeWitt has a strong foundation in manufacturing, agriculture, and healthcare, the city is also focused on diversifying its economic base. This includes attracting investments in technology, renewable energy, and advanced manufacturing sectors. The aim is to foster innovation and sustainability in its economic development efforts.
Businesses in DeWitt can access various tax incentives through programs offered by the Iowa Economic Development Authority (IEDA). These include tax credits, exemptions, and refunds for qualifying activities such as job creation, expansion projects, and employee training. Specific programs include the High Quality Jobs Program, which offers tax benefits for quality job creation, and the Iowa New Jobs Training Program (260E), which provides funding for new employee training.
Businesses in DeWitt creating new positions can benefit from the Iowa New Jobs Training Program (260E) by receiving funding for new employee training. This funding is facilitated through certificates sold by community colleges and covers a variety of training needs. The program is designed to enhance the skill set of the workforce at no additional cost to the business, thereby supporting both business growth and workforce development.
Entrepreneurs in DeWitt have access to a variety of resources to help start their businesses. This includes business planning and development assistance from the DeWitt Chamber & Development Company (DCDC), networking events, and mentorship opportunities. Additionally, they can benefit from financial assistance programs and workshops on topics such as marketing, financial planning, and legal considerations for startups.
Yes, international businesses can establish a presence in DeWitt. The city and its economic development partners are open to foreign investment and provide support for international companies looking to enter the U.S. market. This includes assistance with navigating regulatory requirements, finding suitable locations, and connecting with local networks and resources.
McKinney offers an inviting landscape for businesses to prosper while enjoying the city's unique blend of heritage and business growth.
Sponsored
Decatur, TX
4.24
(21)
Claimed Profile
Population: 6,557
Median Income: $66,034
This centrally-located north Texas community provides a high quality of life and business-friendly environment, with a skilled workforce, affordable real estate, and strong infrastructure to support corporate operations and growth.
Sponsored
Allen, TX
4.11
(9)
Claimed Profile
Population: 102,778
Median Income: $118,254
This thriving Dallas-Fort Worth suburb offers a robust business climate, access to a highly educated workforce, and a family-friendly community with abundant shopping, dining, and recreational amenities to support corporate success and employee well-being.
Sponsored
Edinburg, TX
Claimed Profile
Population: 98,759
Median Income: $52,773
Strategically situated in the Rio Grande Valley, this fast-growing community provides a pro-business climate, skilled labor pool, and dynamic quality of life to attract corporate investment.
Sponsored
Farmers Branch, TX
4.4
(5)
Claimed Profile
Population: 36,091
Median Income: $77,306
Farmers Branch offers all the perks of being located in a major city while still maintaining a small-town feel. Farmers Branch is home to over 4,000 companies, including 250 corporate headquarters.