Spencer

Business and Entrepreneurial Culture

At the crossroads of U.S. Highways 18 and 71, the City of Spencer is part of the Iowa Lakes Corridor in Northwest Iowa. It is among 550 designated Micropolitan Statistical Areas (μSAs) in the United States. U.S. Highway 71 travels through Spencer’s historic downtown (referred to locally as Grand Avenue), and the City is surrounded by beltways on its western and eastern boundaries, offering truck traffic alternate routes.

Spencer is focused on growing its population and enhancing the experiences of its young professionals and entrepreneurs. Spencer YP (Young Professionals) is a group of young and middle-aged professionals that provides networking, community services, and fundraising opportunities.  
 

Top Reasons for Families to Move Here

• High Livability Ratings: Spencer’s overall livability score is above average, with high educational ratings, low crime and cost of living, and overall resident happiness. 
• Low Cost of Living: The overall cost is lower for housing, utilities, groceries, transportation, healthcare, and other recreational activities than surrounding areas and states. 
• Low Crime Rates: The crime rate is lower than the national average and other cities of similar size. Spencer is a safe place to live, work, and raise a family.

Top Reasons for Businesses to Relocate Here

• Large Labor Force: Businesses can draw from a laborshed of 68,513 within a 50-mile radius of Spencer. 
• Public and Private Partnerships: Collaboration with government agencies, chambers of commerce, and economic development organizations gives Spencer businesses a competitive advantage.