Contact:                                                                                  For Immediate Release:
David Hogberg                                                                                               Tuesday, January 15, 2002
(319) 385-3462       

Investment Initiative Needed in Iowa

            Mt. Pleasant, IA – The Iowa Legislature should make the passage of the Iowa Investment Initiative a top priority in this year’s Legislative Session.   That’s the conclusion of Public Interest Institute Research Analyst David Hogberg.                   

            In an INSTITUTE BRIEF entitled “Invest in Iowa” Hogberg outlines the positive impact passage of the Iowa Investment Initiative would have on the state’s economy.  The passage of this initiative would provide tax cuts to stimulate investment and create businesses in Iowa.   Hogberg says this is needed, because Iowa is currently not a good place to invest. 

            The BRIEF outlines how Iowa lags behind neighboring states when it comes to venture capital investment.   Hogberg concludes this disparity is caused Iowa’s unfriendly tax structure, including higher corporate income, capital gains, and property taxes.  

            In addition to urging the Iowa Legislature to approve the Iowa Investment Initiative, Hogberg urges Governor Tom Vilsack to sign the measure into law. 

            For the complete text of Hogberg’s INSTITUTE BRIEF, you may contact Public Interest Institute at (319) 3853462.  You may also view the BRIEF on the PII website at:  www.limitedgovernment.org. 

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